What is NFT in sports?

Over time, however, all sports are likely to have some form of NFT offering. These can be to commemorate a single event, be it a Formula 1 driver attaining a record number of world championships or a football player scoring their hundredth international goal.

Which sports will have the most NFT in 2022?

Most sports-related NFT activity in 2022 is likely to take place in those sports with the largest fan bases and revenues, namely, football (soccer), 16 basketball, baseball, American football, and ice hockey. Over time, however, all sports are likely to have some form of NFT offering.

What is NFT (non fungible token)?

NFT stands for non-fungible token. These “one-of-a-kind” digital assets that can be bought and sold like any other piece of property, but they have no tangible form of their own, that is they are unique and cannot be interchanged. Think of it like the old sports cards, like the pokemon and the WWE cards we had, but only this time it is all DIGITAL.

Are NFTS a bubble for esports?

In the end, NFTs might turn into a bubble for any industry outside of gaming and esports, but inside the video gaming world unique digital one-off content is the holy grail. Read next: Are esports fan engagement platforms worth your money?