Blockchain, crypto set to take sports industry beyond NFT collectibles -Breaking
(BTC) has been attributed as the most prominent blockchain use case, showing the technology’s prowess in successfully delivering An immutable, truly distributed ledgerOver the last 13 years. Adding to the years of innovations since then— that saw the introduction of altcoins, nonfungible tokens (NFT), Decentralized finance(DeFi), and other details, Deloitte’s study highlighted the immense potential of crypto ecosystem to expand markets in the field.
To increase the fan engagement through collectibles, voting and tokens, NFTs and fan tokens were introduced in sports to help with this. Deloitte is one of the Big 4 accounting companies and sees crypto-and blockchain technology being adopted by the sector in the future.