Hey-hey! Today, I've selected an interesting topic, which is tokenization in sports. Particularly, how it affects us, developers and start-ups.
The entire sports industry is tied to the fan movement. Representatives of sports leagues have long since learned to monetize their fans, but are constantly looking for new ways to do so. The growing interest in tokenization can become a new source of revenue for sports teams and investors. Today, Info-Polus explains exactly how.
Tokenization of sports assets involves converting sports-related assets into digital tokens. These can then be used to perform a range of actions, such as trading on different platforms or confirming ownership of an asset. Everything can be tokenized, from tickets and signed items of your favorite players to stadium seats and shares.
Believe it or not, tokenization has a positive impact on every participant. Fans, clubs, teams, investors, and start-ups are already diving into it.
Start-ups have found fertile ground in sports tokenization. They are creating platforms that facilitate the issuance, trading, and management of these digital assets. The Socios platform is a great example, becoming an important partner for many football clubs with their fan tokens. The various club cryptos can be bought and resold here. When a new football token is launched, the clubs use Socios as a platform for their “Initial Fan Token Sale” (FTO). The success of such platforms can be proved by Binance entering the game. The world's largest crypto exchange supported Socios and the Chiliz platform at the launch of the FC Barcelona token. Since then, some fan tokens can also be purchased on Binance with Bitcoin, Tether (USDT), or Binance USD (BUSD).
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