DOMINANCE OF NFTS IN THE SPORTS BETTING WORLD
After the acronym NFT made inroads into the international vocabulary, distinctive digital assets have caught the attention of numerous industries. As a result, the popularity of this topic has grown by leaps and bounds in nearly every media outlet.
As far as NFTs are concerned, they are everywhere, from real estate to online casinos, the market for luxury goods, the art world, musicians, and the sports arena and betting operators. There is no denying this conviction that regardless of whether we like them or not, NFTs are omnipresent.
Although the usage of NFTs as currency is not possible, they are often used as rewards for having sportsbook operators onboard. It is due to this reason that the functioning of NFTs in the sports and online gambling betting industry is revolutionizing the essence of the sports betting industry by making it go through a paradigm shift.
Industry Updates
NFTs have become an integral part of the sports industry. It was a paradigm shift in sporting collectables because nothing much had happened after the introduction of sports trading cards in 1886.
The connoisseur of the sports fraternity term it as sporting NFT gold rush; NFTs are experiencing significant growth within the industry and are a worthwhile proposition for sports personalities to churn revenue. Moreover, they provide unabated support to the fans to engage with their favourite leagues, and operators leave no stone unturned to incentivize and allure new audiences.
NFT sporting mix comprises Virtual NFT merchandise, NFT tickets to top sporting events, and NFT MP4s of epic sporting moments. Now, let’s delve further into the movers and shakers in the NFT sports industry.
The NFL
Having the same first two letters of the NFT abbreviation is one of many common grounds these two institutions have. NFT releases, also known as “drops,” are scheduled on the DraftKings marketplace. After checking into the site, users can place themselves in a virtual queue to buy NFTs.
The central focus of the initial NFT was on NFL quarterback megastar Tom Brady (now the owner of his blockchain – Autograph). Apart from this, other sporting superstars have their range of NFTs on the DraftKings marketplace. Some renowned names are Tiger Woods, Wayne Gretzky, Derek Jeter, Tony Hawk, and Naomi Osaka.
Going back to the NFT tractor beam that is Tom Brady, his NFTs come in various prices to suit the budgets of the prospective investors. . So in case you have the ambition to buy a unique piece of sporting history, you can fetch an unautographed NFT for low investment betwixt $12 and $100, starting from $250 to $1500 for a signed NFT.