VRB News
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
VRB News
No Result
View All Result
Home IT news

Sports fans increasingly want to deal with NFTs

admin by admin
July 26, 2022
in IT news
0
Sports fans increasingly want to deal with NFTs
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter
  • Sports fans are increasingly showing interest in NFTs.

  • However, confidence in marketplaces is currently low.

  • Fans see positive effects of the asset class on their respective sports.

The willingness of the sports industry to adopt has contributed significantly to the success of non-Fungible Tokens (NFTs) in the mainstream, as clubs and players are already using the new technology diligently as a tool for fan loyalty. Now it is the fans who want to be more than part of the hype and instead invest specifically in NFT and its publishers.

The crypto winter has already ensured in recent weeks that the significantly inflated minimum prices on the NFT market have come back to the bottom of the facts, which is why investors now have to think twice about which investment is really worthwhile. In this context, a new study by the National Research Group (NRG) shows that sports fans are increasingly open to dealing with NFTs and learning to understand the functioning of the market. The current dry spell could be the perfect time for this.

NFT sales from June 2021-June 2022. Source: NonFungible

For example, NFT sales fell to a one-year low in June 2022, which could signal the temporary end of the previous hype. A survey of 3,250 sports fans in the USA, Great Britain, Japan and Brazil, conducted by NRG, shows that in view of the current developments, they are no longer investing in NFTs, above all because they are afraid of losing money or being cheated.

Only 15% of respondents continue to have full confidence in NFT trading, while 30% indicate little to no confidence. As the study notes, this is especially true for Japan, because here “4 out of 10 participants have only low confidence in NFT marketplaces”.

Despite all the regional differences, fans in all four countries agree that the NFT market needs stricter regulation, including regulations such as age restrictions and risk mitigation mechanisms.

58% of sports fans in the USA, Great Britain, Japan and Brazil state that they have at least an approximate understanding of NFTs. 54% (or 1,755 people) are also convinced that NFTs have had a positive impact on their respective sports.

The non-Fungible tokens are also currently showing their usefulness in other areas, for example, the Ukrainian government wants to use funds from the sale of NFTs to rebuild cultural institutions and works destroyed by the war.

According to the relevant Ukrainian ministry, the Russian attacks have so far caused “damage worth almost 6 billion euros” to the country’s culture.

Previous Post

Strong dollar and cloud competition are hurting Microsoft

Next Post

Twitter resumes voting on Musk deal on September 13

admin

admin

Related Posts

Bitcoin price may rise slightly despite EU record inflation for July
IT news

Bitcoin price may rise slightly despite EU record inflation for July

August 18, 2022
Delivery time for Model Y halved
IT news

Delivery time for Model Y halved

August 18, 2022
Qualcomm plans to return to the server market with a new chip
IT news

Qualcomm plans to return to the server market with a new chip

August 18, 2022
IT news

The support for Oculus Rift DK2 in iRacing, almost ready

August 18, 2022
Cardano Founder Hoskinson: Hard Fork Vasil "looks good"
IT news

Cardano Founder Hoskinson: Hard Fork Vasil "looks good"

August 18, 2022
Next Post
Twitter resumes voting on Musk deal on September 13

Twitter resumes voting on Musk deal on September 13

Premium Content

World Update 3: Microsoft Flight Simulator gets an update

World Update 3: Microsoft Flight Simulator gets an update

March 19, 2021
“SCS” FSO required a dedicated transport

“SCS” FSO required a dedicated transport

August 19, 2020
Schrödinger’s cat has learned to correct errors in quantum computers

Schrödinger’s cat has learned to correct errors in quantum computers

August 14, 2020

Browse by Category

  • Games
  • IT news
  • Tech
  • World
VRB News

VRB News is ready to cooperate with webmasters and content creators. Send an email to info@virtualrealitybrisbane.com

Categories

  • Games
  • IT news
  • Tech
  • World

Recent Posts

  • Bitcoin price may rise slightly despite EU record inflation for July
  • Delivery time for Model Y halved
  • Qualcomm plans to return to the server market with a new chip

© 2021 - The project has been developed ServReality

No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact

© 2021 - The project has been developed ServReality

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?