• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Crypto Corner: The Sports Slice
Nexo

Crypto Corner: The Sports Slice

Taylor Scott by Taylor Scott
2 months ago
in Altcoin News, Altcoins, Bitcoin, NFT
0

Another research firm envisions big changes to come in how fans engage with their favorite sports. Another MLS club is joining the mix, signing a new deal with a digital asset investment firm. And collegiate athletes name, image and likeness (NIL) continues to see disruption and innovation courtesy of crypto and blockchain firms.

It’s just another week of sports and crypto engagement, courtesy of The Sports Slice.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

The Sports Slice

New PwC Report Sees NFTs As Part Of The Future Of Sports

In last week’s Slice, we covered a report from media data analytics firm Nielsen regarding their bullish perspective on growing sponsorship spend in the crypto and blockchain category. Nielsen envisions crypto and blockchain firms to be the leader in terms of sponsorship growth in dollars spent in sport.

This week, it’s consultancy firm Price Waterhouse Coopers’ (PwC) who is bringing the bull sentiment. A new ‘Sports Outlook 2022‘ report from PwC centered on North American sports engagement envisions a number of different blockchain-related levers that can be pulled in sport. NFTs, from use-cases including sheer collectibles, to ticketing and virtual access, are showing strong potential for engagement in sports that has been unparalleled to date.

PwC notes that ticket sales, media rights and sponsorship are the current largest revenue streams for teams and leagues across North American sports, and all of these are ripe for further reinvigoration. Generally speaking, ticketing and sponsorships have gone largely unchanged over the decade – and the same would be true for media rights at least up until recently, when OTT services have finally caught up to the traditional cable box when it comes to securing rights.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

MLS: Nashville SC Teams Up With Valkyrie Investments

A new press release to kick off the week from MLS club Nashville SC shared their newest Founding Partner – Valkyrie Investments – and solidified Nashville as the first club in the league to accept a full partnership fee in Bitcoin.

The deal will see the club’s Premier Club lounge, an 850-seat premium club area that is located in Nashville SC’s new stadium, renamed as the ‘Valkyrie Premier Club.’ Valkyrie will also have branding assets on the team’s training jersey tops.

Valkyrie is a Tennessee-based digital asset investment firm; the partnership with Nashville SC is the firm’s first major foray into pro sports.

RECUR Kicks Off ‘NFTU’

NFT marketplace RECUR is launching their ‘NFTU’ program this week, according to a press release, which will be the company’s collegiate sports marketplace debuted with their ‘Tip Off’ series of over 100 legendary basketball athlete moments. Beginning tomorrow, RECUR will offer four tiers of NFTs on their dedicated NFTU site.

This past week’s announcement comes just a few short weeks after collegiate licensor Learfield announced a long-term enterprise relationship with RECUR to help bring NFTU to life.

Related Reading | NFTs In A Nutshell: A Weekly Review

Solana (SOL) hasn't been a power-player in sports NFTs thus far, but that could change given NFT marketplace Magic Eden's new deal with Overtime. | Source: SOL-USD on TradingView.com

Magic Eden x Overtime

Another NFT marketplace making moves this week is Solana’s Magic Eden market, entering a collaboration with sports media firm Overtime. The two are expected to work on collaborative NFTs around the upcoming 2022 NCAA March Madness tournament.

According to DappRadar, Magic Eden is the leading Solana NFT marketplace, in terms of both NFT volume and traders, and is a top 10 marketplace across all ecosystems. The partnership is Magic Eden’s first major sports move. The marketplace is currently working on transitioning to a DAO model, utilizing a three-tiered NFT airdrop to dedicated users to begin the process.

NFT Sentiment At The Sloan Analytics Conference

MIT’s Sloan Sports Analytics Conference takes place each year in Boston, MA – and brings together some of the brightest minds at the intersection of sports and data. During a chat at the conference this past week, Boston Celtics Managing Partner Steve Pagliuca and entrepreneur Gary Vaynerchuk both expressed sentiments that NFTs are in a bubble phase currently, and that “90 percent of current NFTs [are] to be wiped out.”

Kraft Group President Jonathan Kraft and DraftKings CEO Jason Robins added that NFTs will need to add “usable features that increase fan engagement.” Kraft said, “If I could have a digital wallet with the ticket stub from that game and maybe 30 seconds of highlights, but also opt in to have my picture taken in my seats and that gets dropped to me the day after the game. … It would have no value to anybody else, but I’d love to have that.” Most NFT advocates in sport would argue that the potential spans far beyond that.

Related Reading | CEO Of Fan Token Company Socios Accused Of Price Manipulation

Featured image from Pexels, Charts from TradingView.com
The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Taylor Scott

Taylor Scott

Taylor specializes in crypto activity across sports and entertainment. With nearly a decade of engagement with cryptocurrency, Taylor has spent several years working in talent representation with musicians, comedians, and speakers, and achieved a Sports Business MBA in 2020.

Related Posts

Microstrategy

MicroStrategy Stock Rallies 10% As CEO Saylor Predicts Bitcoin Will ‘Go Into The Millions’

6 hours ago
Coffeezilla, screenshot from the video

Is SafeMoon A Billion Dollar Fraud? Coffeezilla Thinks So – Pt.3: V2 Contract

8 hours ago
CoinCorner's the Bolt Card, promotional image

The UK Goes Lightning: CoinCorner Offers The Bolt Card, Contactless BTC Payments

11 hours ago
Argentina

Argentina NGO Spearheads Mission To Educate High Schoolers About Crypto

1 day ago
Russia

Russia To Legalize Cryptocurrency As Form Of Payment, Minister Says

1 day ago
Bitcoin

Bitcoin Open Interest Nosedives, But All Hope Is Not Lost

2 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.