Cryptocurrency is never far from your mind if you’re a sports fan. When you look at the trend, one technological innovation is becoming increasingly integral to sports: issports NFT . The market for NFTs is booming. Sports-related NFT sales will exceed $2 billion this year, Deloitte predicts. So, what are those top 5 sports? Why are sports NFTs so important? Let’s explore!
Sports NFT: Why Should You Buy Them?
Governments and major corporations are beginning to recognize the potential of non-fungible tokens. Recent NFT performance – surpassing crypto, stocks, and several other financial markets – indicates they are here to stay and could revolutionize several industries. The NFT industry is expected to be worth $100 billion by 2022.
Besides art, music, and other NFT formats, sports NFT collectibles are another potential investment avenue. Any sports fanatic is known to collect sports memorabilia, including vintage sports merchandise and autographs. Sports collectibles made with NFTs have proven successful so far. By market cap, Sorare NFTs recently made the top 100 list. Its model could be followed by Fanzone Sports Club NFT soon. So what NFT sports are racing into the top list? Check on!
Here are the top 5 sports NFT collectibles
What is the sport that you’re interested in? Wrestling, soccer, basketball, tennis, Formula One, horse racing? You name it, and sports NFTs are either already available or on their way. The sports NFT collectables is a good investment and a fun collectible.
NFTs have been booming recently, where iconic collections like the CryptoPunks, Bored Ape Yacht Club, and Doodles soared to all-time highs. It could also be due to Elon Musk’s takeover of Twitter. Influences apart, here are the top 5 collections you should not miss.
It’s a fantasy game that combines thoroughbred horse racing and skill-based elements. Basically, it tracks data on thoroughbreds’ bloodlines, training progress, and results in racing through derivative NFTs. When a real-world horse wins a race or breeds, derivative NFTs earn rewards.
A metaverse game based on NFT, Battle Infinity, is currently in presale, open until October 10th, 2022. Within 72 hours, 3% of the presale tokens had been sold. There are several different themed arenas within Battle Infinity – a notable one is the IBAT Premier League, themed around fantasy sports.
Doge’s ecosystem has recently seen the rise of Tamadoge, a new crypto coin. Taking care of pets is part of the play-to-earn game in Tamaverse. Digital pets whose owners have taken the best care of them earn a high ranking on the leaderboard and receive TAMA, a native platform token.
The Lucky Block Platinum Rollers Club is a favorite new NFT project among sports enthusiasts. Heavyweight boxer Dillian Whyte is their brand ambassador, having fought Tyson Fury for six rounds. NFTLaunchpad.com is now offering Lucky Block NFTs for sale following the NFT drop on March 19th, 2022.
Fanzone Sports Club
Several of the newest NFT projects emphasize exclusivity in a closed club setting. Instead of NFT art, NFT passes give access to the team’s activities on and off the field. The owner of an NFT can thus be part of a larger community with input into its development. Fans of international football (soccer) can participate in Fanzone Sports Club. It’s like a lifetime season pass for football games, but with even more benefits.
Finally, many sports NFTs remain undervalued. The above list of sports NFT drops offers an opportunity for those who were disappointed when missing an investment into Bored Apes and Punks.