When it comes to sports, the possibilities with NFT, crypto and blockchain is endless: reveals a new Deloitte study.
and more, a study conducted by fintech giant Deloitte highlighted the untapped potential of the crypto ecosystem to open up newer markets for the sports industry.
“A nexus will form around sports collectibles, ticketing, betting, and gaming. We are just beginning to see its [cryptocurrency’s] potential, as well as the new markets it could lead to.”expects an eventual rise in blockchain-enabled innovations, as a result of which “The use of NFTs, crypto, fan tokens, and ticket innovations will grow and evolve.”
“We could see fractional ownership of season tickets and suites and a reinvention of the ticket resale process.” Additionally, Deloitte’s study revealed that NFTs catalyzed the merger between the physical and virtual worlds in sports while predicting over $2 billion in sports-related NFT transactions in 2022 alone.