Non-fungible tokens (NFTs) have taken the world by storm. The rise of various cryptocurrencies since the launch of Bitcoin (BTC) in 2009 has changed the world of business and finance. As a result, the concept of digital currency, albeit faced with strong opposition, has risen in popularity.
When it comes to sports, nothing matches the craze of its fans. People go to extreme lengths to show their support for their favorite sportsperson or their favorite team. What’s more, people spend lavishly on sporting events, tickets, and merchandise.
Sports fans go wild about owning sports collectibles, from posters to signed cards, t-shirts, balls, bats, and anything and everything to do with sports. NFTs now offer a new digitized way of collecting sports memorabilia.
Non-Fungible Tokens also present a great money-making opportunity for the sports industry. It represents a new way for fans to get involved with their favorite teams, sportspeople, wins, and special moments on and off the turf.
Despite the cryptocurrency markets facing a dump, sports NFT projects show no signs of slowing down.
Just recently, Ex Sport sold The S.T. Dupont pen that Diego Maradona used to sign his contract with when joining S.S.C Napoli in 1984, for $26,000, the Official 1986 World Cup Argentina Number 10 jersey of Maradona, signed by the legend himself, sold for $24,000, the trophy that El Mundo awarded Diego Maradona as the Best Player of the 1979 FIFA Youth World Cup sold for $11,000 and World football freestyler and social media icon, Sean Garnier, sold his freestyle football that Maradona signed alongside the legendary Pele for $18,000.
With Non-Fungible Tokens s called the future of fine art collecting, it has already become mainstream. However, there is no doubt that NFTs are here to disrupt the ecosystem.
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