As reported by auditing giant PriceWaterhouseCoopers (PwC), NFTs are the future of digital assets in sports.
This report highlights how digital assets are transforming the way fans use and interact with their favorite sports and sports teams.
PwC discussed that ticket sales, sponsorships, and media rights are the present largest revenue streams for sports teams and leagues. Tokenized tickets, NFT media rights, and the sponsorship of digital or metaverse events will encourage quick rise.
As reported by the consultancy, NFTs and digital assets are one of the top ten trends in the sports industry. The report lists three main uses for NFTs, from changing sports tech infrastructure to engaging fans and their potential to shape the future of sports.
The initial use case is collectible NFTs, that are assets used to sell legal, collectible and limited-edition digital content. This can relate to traditional memorabilia like historical event tickets or player trading cards, which are minted and dealt on the blockchain.
Another quite huge use is season ticket member NFTs. These NFTs will offer ticket members with verified token passes which provide them to enter and enjoy special fan experiences.
Season ticket members cannot just unlock extra content and stadium experiences, they could have the chance to get unique edition collectible NFTs.