Bitcoin, Dogecoin Primed to Lead Crypto Space Toward MultiBillion-Dollar Sports Industry

Bitcoin, Dogecoin Primed to Lead Crypto Space Toward MultiBillion-Dollar Sports Industry
фото показано с : zycrypto.com

2021-8-19 11:53

The cryptocurrency industry is expanding to new horizons, as it is finding more use cases and areas of applications in many industries. Cryptocurrencies and blockchain technology have found a ready application in the fintech industry, and now, the sports and entertainment industry is also opening up its doors to the technology.

In the journey to greater adoption which cryptocurrencies are on, sports and entertainment industry players have integrated certain cryptocurrencies to their sports platform.

Bitcoin and Dogecoin primed to lead Crypto into the Multibillion-dollar sports industry

In 2021, the Dallas Mavericks, an NBA team owned by billionaire Mark Cuban, began accepting Dogecoin as payments for tickets and merchandise online from its fans and has recorded good returns for the move. Dogecoin has also been given a nod in March by NHL team, Vegas Golden Knights, and was donated to both a NASCAR driver, Josh Wise, and the Jamaican bobsled Olympic team back in 2014.

Most recently, Watford, a newly promoted English Premier League football club, announced its shirt sleeve sponsor for the 2021-22 season will be cryptocurrency Dogecoin, according to a The Athletic report. The sponsorship deal was Which the club made with Stake.com will be worth close to $1 million. 

Similarly, Bitcoin has also gained a lot of traction in the sports industry. In June, the Canadian Elite Basketball League (CEBL) became the first sports league to offer players pay in Bitcoin. Cryptocurrency firms have also been partnering with sports teams and events in sponsorship deals to give cryptocurrencies more publicity.

The sports industry which spans from the field of play to food and memorabilia stands at the stadium, media rights, and sponsorships, is worth up to $620 billion globally today, with growth that is faster than global GDP. The long-term prospects of a deep dive by the sports industry into the adoption of cryptocurrencies appear strong and the asset class will greatly benefit from its adoption. Bitcoin and Dogecoin, which have shown themselves popular in the sports industry could pave the way for this adoption.

Meanwhile, fan tokens —cryptocurrency tokens offered by sports teams to their fans— are also taking center stage as several sports teams have launched theirs. This indicates that the sports industry is looking to get into cryptocurrencies by any channel it considers to be most suitable to it.

In particular, in the recently completed transfer of soccer star, Lionel Messi, from Barcelona to the French side, Paris Saint Germain, part of his payment was in the club’s fan token. While the amount involved was not revealed, the club notes that it forms a “significant” portion of his payment.

NFTs take the front row in the meantime 

In the long term, a deep dive by the sports industry into the adoption of cryptocurrencies seems possible and will greatly benefit cryptocurrencies. While the crypto-industry may eventually merge with the sports industry in the future, in the meantime, NFTs are taking the limelight with their emergence as highly demanded in sports collectibles recently.

A recent craze has taken the sports community as the exclusive NFT sports collectibles offered by sports teams and players are being bought for fans for more outrageous sums.

The current most expensive NFT, a picture of LeBron James taken on Feb. 1, 2020, by photographer Kimani Okearah, is worth $21.6 million and offers the buyer non-commercial rights to the one available copy of the picture and its raw file. A report from CoinGecko in April also indicates that NFTs such as the NBA’s Top Shots trading cards were the most popular.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Vice Industry Token (VIT) на Currencies.ru

$ 9.59E-5 (+0.36%)
Объем 24H $8
Изменеия 24h: 0.01 %, 7d: -71.49 %
Cегодня L: $9.59E-5 - H: $9.59E-5
Капитализация $276.56k Rank 99999
Доступно / Всего 2.884b VIT

industry technology sports industries many ready found

Источник: zycrypto.com

industry technology → Результатов: 126


Blockchain Business in Crypto Valley Has Doubled Since Last Year: Report

The number of blockchain-related companies in Switzerland and Liechtenstein has doubled in the last year, according to a new study published by CV VC. The Zug-based firm, in partnership with Strategy& (PwC’s global consulting arm) and inacta, compiled information about the top 50 blockchain and digital asset companies between the two countries.

2018-10-11 00:18


Фото:

Forbes Blockchain Partnership With Civil in ‘Major Milestone’ for Platform

Civil, the company hoping to take journalism on the blockchain, announced a partnership with industry giant Forbes on Oct. 9 via a post on Civil’s Medium account. Civil co-founder Matt Coolidge wrote: “We’re pleased to announce a significant, new partner today—and one of the biggest endorsements yet for blockchain technology’s transformative potential for the media […] The post Forbes Blockchain Partnership With Civil in ‘Major Milestone’ for Platform appeared first on CryptoSlate.

2018-10-10 18:00


Фото:

UK telecom regulator gets nearly $1M to put phone numbers on the blockchain

The United Kingdominto telecom technologies used in the management and delivery of landline telephone numbers, Ofcom announced yesterday. “Between now and April 2020, we’ll be inviting industry participants to trial the porting and management of millions of telephone numbers using blockchain and ledger technology,” the announcement reads.

2018-10-9 12:54


Binance’s CEO and Team, attend Malta’s First Ever Blockchain Summit

The country of Malta is spearheading the regulation of cryptocurrencies and blockchain technology by being the first nation to issue clear legislation and/or guidelines on the industry. To promote the country as a hub for blockchain innovation, the first ever Delta Summit was held in Malta from the 3rd to the 5th of October this […] The post Binance’s CEO and Team, attend Malta’s First Ever Blockchain Summit appeared first on Ethereum World News.

2018-10-7 18:10


Фото:

Stackr: The Dawn of a Digital Asset Savings Solution - [BTC Media Sponsor]

Financial savings have long been the foundation of wealth and asset building. However, we are now in a time when the growing obsolescence of financial institutions has forced certain technologies out of date, created high fees, revealed structural inefficiencies and, ultimately, meant that some standard investment solutions now fail to place consumer needs first.

2018-10-6 16:37


Фото:

The Blockchain Industry Could Reach $7 Billion, Says Bank of America

Although the blockchain sector is still an emerging industry, the Bank of America estimated that the addressable market for blockchain will soon reach $7 billion. According to CNBC, while blockchain technology is not standard in a business-to-consumer market, it could help improve existing services in business-to-business markets such as the Software-as-a-Service (SaaS) industry, the real estate sector, the supply chain,.

2018-10-5 03:00


Фото:

Universal cryptocurrency wallet Infinito Wallet integrates Coinfirm AML Platform and allows users to check risk rating of counterparties

LONDON: Thursday 11th September 2018 In an industry first, Infinito Wallet app users can now check the risk of addresses and generate a risk reports before transactions Coinfirm’s AML verification technology on top of Infinito Wallet’s existing infrastructure will heighten security and transparency This is another milestone of cooperation between both companies announced in August […] The post Universal cryptocurrency wallet Infinito Wallet integrates Coinfirm AML Platform and allows users to check risk rating of counterparties appeared first on Ethereum World News.

2018-10-3 11:40


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Price Takes a Sharp Dip: Is This Just a Correction?

Bitcoin price is correcting gains from the $73,500 zone. BTC is back below the $70,000 level and showing a few bearish signs. Bitcoin started a fresh decline from the $73,500 zone. The price is trading below $71,500 and the 100 hourly Simple moving average.

Bitcoin Price Nears All-Time High: Can It Push Past the Mark?

Bitcoin price is rallying above the $72,000 zone. BTC is up over 5% and it could soon aim for a new all-time high above $73,500. Bitcoin started a fresh increase above the $70,000 zone. The price is trading above $70,500 and the 100 hourly Simple moving average.

Bitcoin Price Rallies Above $70K: Is a New High Within Reach?

Bitcoin price is rallying above the $70,000 zone. BTC is up over 5% and it could soon aim for a move above the $72,000 resistance zone. Bitcoin started a fresh increase above the $68,000 zone. The price is trading above $70,000 and the 100 hourly Simple moving average.

Bitcoin Price Targets Gradual Rise: Will the Uptrend Hold?

Bitcoin price is attempting a fresh increase above the $67,000 zone. BTC could gain pace if it clears the $68,750 resistance zone. Bitcoin started a fresh increase from the $65,500 zone. The price is trading above $67,200 and the 100 hourly Simple moving average.

Bitcoin Price Eyes Further Gains: Can It Keep Climbing?

Bitcoin price is attempting a fresh increase above the $37,000 zone. BTC could gain pace if it clears the $68,800 resistance zone. Bitcoin started a fresh increase from the $65,200 zone. The price is trading above $67,500 and the 100 hourly Simple moving average.

Bitcoin Price Could Reignite Uptrend: Is a New Surge Coming?

Bitcoin price tested the $65,200 zone before the bulls appeared. BTC is now rising and aiming for more upsides above the $67,500 resistance. Bitcoin extended losses and tested the $65,200 zone. The price is trading below $67,500 and the 100 hourly Simple moving average.