Stock Groups

Blockchain, crypto set to take sports industry beyond NFT collectibles -Breaking

[ad_1]

Crypto and blockchain set to transform the sports industry beyond NFT collectibles

(BTC) has been attributed as the most prominent blockchain use case, showing the technology’s prowess in successfully delivering A decentralized, immutable ledgerThe past thirteen years have been a time of innovation. Adding to the years of innovations since then— that saw the introduction of altcoins, nonfungible tokens (NFT), Finance decentralization(DeFi) and many more. A study by Deloitte, the fintech giant, highlighted the potential for crypto to create new markets for the sport industry.

In order to boost fan engagement and use collectibles as voting tools, the first introduction of NFTs (fan tokens) was made to the sports sector. Deloitte of the Big 4 accounting firm sees blockchain and crypto technology becoming more mainstream in the next few years.