In a recent research note, investment bank Jefferies said the value of the NFT market is expected to grow to $75 billion by 2025 from about $14 billion today, with much of the growth driven by a boom in sports NFT products. Dapper Labs, one of the largest sports NFT markets, has nearly doubled its annual sales from $361 million in 2019 to $700 million in 2020, according to The Athletic.
Reality sports organization economic volume is very large, the business structure is also a lot of, including: event content, media publicity, financial derivatives, etc., can make the sports industry overall migration Web3 way, is to build an own ecology, not only can improve the user experience, the second fan base can also form a closed loop, play to the maximum value.
What the Web3.0 era is to build N platforms that connect producers and consumers, which are decentralized, that is, no entities. Producers and consumers are a constantly changeable roles, building a self-operating interactive system, who contributes, will be rewarded with the incentive within the system, with incentives to produce or reproduce, consume or re-consume.
The combination of sports and Web3 is critical, because first of all, what blockchain and Web3 lack now most is traffic. By combining fan enthusiasm with Web3, it can bring new blood to the whole industry. In addition to taking advantage of sports IP to gain more brand exposure, sports IP has also opened up new commercial value and new paths of IP marketing and fan operation through innovative products such as fan tokens, digital collections and virtual world. Focus on millennials' young consumer groups and extend the fan economy.
DIGITAL SPORTS: DSP, is a number of sports club members and NFT enthusiasts, Canada FPC foundation, members include: Toronto football club (Toronto FC, Toronto), Ottawa r & f football club (Ottawa Fury FC), Toronto cricket skating and curling club, Granite Club, through the integration of DeFi, NFT and games, the experience, enabling universe, realize the decentralization of the Web 3.0 vision, let any user can benefit from the growth of the network.
As an open start-up platform with interoperability, DSP provides the infrastructure needed to create fully immersive, gamified digital sports, meeting their computing needs thousands of times higher than existing solutions.
In a recent research note, investment bank Jefferies said the value of the NFT market is expected to grow to $75 billion by 2025 from about $14 billion today, with much of the growth driven by a boom in sports NFT products. Dapper Labs, one of the largest