Comment Is crypto used in football?

Introducing Football Now is a brand new series that explores some of the most pressing topics in the world of football. Although the football field has not had a particularly good history. David de Gea’s move to Real Madrid happened a few decades ago due to a loaned fax machine. Bitcoin smarter, however, is already making its mark in the sports world and marks a milestone.

Former Real Madrid striker David Barral became the first professional to be paid in Bitcoin in early 2021. “He will be the first cryptocurrency contract in history,” Dux International said on Twitter. This was made possible thanks to our new sponsor, Criptan.

Conversely, cryptography is not limited to this group. Italian Serie C clubs bought 25% of their investment using Quantcoin, Dutch players AZ Alkmaar were paid for the first time with Bitcoin, and Premier League team Watford wear a shirt with a bitcoin emblem.

Advertising

Advertising

Non-fungible tokens (NFTs) are becoming more and more popular as the crypto market grows around the world. Using distributed ledger technology, NFTs are digital versions of real-world products such as music and video games that can be purchased using cryptocurrencies such as bitcoin. As a result, it spawned the NFT game, which is now massive profit-generating projects. It is possible to earn significant cryptocurrencies by playing these games.

These games have turned in-game assets into non-fungible tokens that can be collected by players (NFTs). Playable characters, weapons, vehicles, and other assets in the game can be traded as NFTs to help players make money while playing the games. Football matches also allow individuals to sell their NFTs unless they are not limited by the crypto price.

NFTs and collectibles

Collectibles have been around since the modern era of football. Football fans appreciate programs, ticket clones, scarves and replica outfits.

Sticker albums became popular in the late 1970s and 1980s. Kids exchanged rare patches for the 2 or 3 cards they needed to complete their album before the World Cup.

Fans the right to vote

Modern football uses fan tokens. Clubs use them to connect with players and legends, but the most prominent devices are sold on crypto exchanges and have great market values.

Even a small piece of fan power, like voting for a club’s next uniform or a pre-season friendly, is better than nothing.

Fan tokens are new. Next-generation football fan coins, if issued by a club instead of an associate partner, could give supporters a share of ownership of stadiums and training venues.

Payments

Transferring players feels like the 1980s. This area of ​​football still uses fax machines, scanned documents, deal sheets and tedious banking transactions. Using crypto to buy and trade players makes sense in the fast-paced world of global football. The unchanging nature of blockchains helps with transparency and audits, and cryptocurrencies are faster and do not come from banks.

Smart contracts can activate player contract elements such as performance bonuses or occurring costs. Messi received cryptocurrency.

Some might call cryptocurrencies news or anomalies, but their speed and accuracy can make it commonplace. Especially if used with forums like

The FCA conducted surveys this month that advised clients to avoid high-risk investments like bitcoin. Manchester City, Barcelona and Juventus have entered into partnerships with Socios cryptocurrency platform as well as Bitcoin Smarter to effectively activate crypto in the cryptocurrency world.

The partnership allows clubs to sell and trade digital fan tokens. The bid-ask ratio for each cryptocurrency is linked to its football club, which allows for easy buying and selling.

Tokens usually come with promotions, incentives and discounts in club stores. Juventus token holders can choose the goal song. To purchase tokens, fans must convert traditional money to Chiliz through an app.

Leave a Comment