What is the difference between NFT and football?

As of mid-2021, most of the NFT revenue activity in sports has been driven by the NBA’s NFT platform; football has yet to experience an equivalent league-wide marketplace, but the NBA’s success is driving a rush of interest from participants in the game including multiple clubs, leagues and players.

What can teams do with NFTs?

Teams could use the technology for ticketing, turning what’s already a scannable ticket on a phone into an NFT programmed to give royalties to the team and making them easy to authenticate on the secondary market. If you’re a season-ticket holder, you might get a specialized NFT that entitles you to an experience like meeting a player.

Will the 2021-2022 football season be the first for NFTS?

NFTs can be applied to physical colleting cards, match balls and other mementoes, using techniques pioneered for the art market. Over time the range of applications of NFTs should steadily grow. But the 2021-2022 season could be the first in which NFTs start to make a major mark, from a revenue perspective - on the football market.

What is NFT & how does it work?

NFT stands for “non-fungible token,” and it can technically contain anything digital, including drawings, animated GIFs, songs, or items in video games. An NFT can either be one of a kind, like a real-life painting, or one copy of many, like trading cards, but the blockchain keeps track of who has ownership of the file.