According to Price Waterhouse Coopers’ (or PwC) Sports Outlook 2022 North America report, nonfungible tokens or NFTs and digital assets were one of the ten most important trends in the sport industry. This report lists three major uses for NFTs as well as their potential impact on the future of sport, including driving fan engagement and altering the sports technology infrastructure.

The first use case is collectible NFTs — assets used to sell collectible, authenticated and limited edition digital content. These are traditional memorabilia, such as tickets stubs from historic matches or trading cards for players. They can also be digitized and minted on the blockchain. These collectibles may eventually be displayed and could even be shared between metaverses, according to the report.