Tokenizing Sports — How the Industry Is Incorporating Crypto
Cointelegraph
Published Jul 28, 2019 02:10PM ET
Updated Jul 28, 2019 02:21PM ET
Tokenizing Sports — How the Industry Is Incorporating Crypto
Cryptocurrencies and digital tokens have become powerful tools for a variety of industries over the past few years, and the world of sports is no exception. Sports fans are notoriously passionate about the teams they support, and there is a massive market for everything from tickets to memorabilia, collectibles and content.
As the world continues to move online, sports teams and organizations are beginning to embrace the use of cryptocurrencies and digital tokens to give fans access to exclusive content and items using these new technologies. This move toward crypto-acceptance has been happening for some time in the sporting space. As early as 2014, the NBA team Sacramento Kings began accepting Bitcoin (BTC) as a payment method for tickets and merchandise, in a move that was considered a first in the sports industry.
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Written By: Cointelegraph
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