NFT and Sports Get Closer

DBasia.news – The development of cryptocurrency as a transaction tool continues to grow. Even today many football clubs are venturing into the world of NFT.

This digital system has penetrated the world of sports, especially football. Some of Europe’s top clubs cooperate with other companies to be able to publish NFT collections, while the sales proceeds will increase the company’s income. Basically, NFT is one of the most profitable digital investments.

Reported from various sources, here is a list of football clubs that have entered the NFT world, including:

1. FC Dynamo Kyiv

In June 2021, FC Dynamo Kiev officially sold NFT tickets and partnered with Moonwalk and Binance. In this way, the Ukrainian Champions League will be the first football club to use Non-Exchangeable Tokens. Dynamo Kyiv FC vice president Mark Ginzburg acknowledged that the innovation was introduced to provide fans with better performance.

“We will always strive to provide Dynamo fans with the best and latest services. And we will work with leading companies. So our NFT tickets are developed by well-known American companies such as Moonwalk, and in practice using the Binance platform. This is the sale of NFT, “said Ginzburg,”

2. TSG Hoffenheim

This German football club is partnered with Baby Doge, a unique crypto asset that is currently loved by all cryptocurrency enthusiasts. Hoffenheim and Baby Doge have launched this digital logo in an effort to strengthen the relationship between fans and the club. The two are also looking forward to exploring the world of NFT together.

“TSG Hoffenheim is delighted to work with such an innovative and leading brand like Baby Doge. We are excited and looking forward to a successful partnership, where we will bring to life the NFT Club Collection and other exciting projects,” said Denny Strich, CEO of TSG Hoffenheim.

3. Liverpool

English football teams with 6 leagues also sell NFT. The collection is called LFC Heroes Club and consists of all the faces of Liverpool staff who have become heroes. Then, up to 10% of the business proceeds, they will provide government guarantees under the FFC Foundation system.

4. AS Monaco

There are still many who issue NFT, one of which is AS Monaco does not want to lose. The company teamed up with Capital Block to launch its digital token, to introduce the world of NFT to its backers. AS Monaco vice president and general manager, Oleg Petrov, is delighted with the partnership. The hope is that their NFT can strengthen AS Monaco’s position in the field of digital innovation.

“We are excited about this partnership with Capital Block, which will allow AS Monaco to strengthen its position in the digital innovation space and increase the opportunities for fans to connect with the company. And every day that goes by supporting the growing appeal of NFT. Expert Capital Block will allow us to do more. understand this universe, to understand the factors involved and to define a strong and sustainable plan.” Obviously Oleg Petrov.

5. Paris Saint-Germain (PSG)

The “sultans” club, based in the Parc des Princes, have revealed that they are interested in entering the world of Metaverse and NFT. PSG has registered its trademark with other related parties, assisted by Michael Kondoudis as patent attorney.

“This submission is the next step for trademark protection when connected to Metaverse. Obviously, PSG saw the potential of the Metaverse and supported its brand for a virtual economy that would dominate,” said Michael Kondoudis

6. Barcelona

Then there are also big clubs like Barcelona who have expressed interest in creating their own Metaverse and NFT. However, no team will help Barcelona manage this innovation, it is done to save the club money. Not only that, all the ‘Blaugrana’ players will eventually be involved in the project to create and trade NFT on the Metaverse, according to an official statement from Joan Laporta as president of the Barcelona club.

“I could announce something else, but I’ll be careful because it’s still a secret. The players know what we’re working on, and it’s a modern company that uses new media. There is a clause in their contract that applies to both the NFT world and the metaverse,” Laporta said.

These are the top 6 European clubs that are confirmed to enter the NFT world. In the future, it is not impossible that other clubs will participate in the world of NFT, because it is believed that this practice is growing. NFT is currently popular or active in the crypto and digital world.

The number of football clubs that are included in the NFT world, of course, as a fan you must know what NFT is, so to make it clearer, we will discuss the ins and outs of NFT.

What is NFT?

The current era of digitalization continues to grow rapidly. Last year, there was a decentralized currency (DeFi). This is a new financial system which adopts blockchain technology. DeFi has gained a huge following among crypto enthusiasts around the world over the past year. This year, the development of blockchain gave birth to NFT.

NFT or Non-Fungible Token or Token is a functional token based on blockchain technology. Bitcoin and altcoins are coins, so NFTs are like digital certificates. Thus, users only have NFTs with digital asset ownership records. The NFT must also be the only blockchain-based certificate that represents ownership of the asset.

The NFT will have a unique code number and metadata. It will not be reproduced. Definitely different from other NFT assets. Unique codes can also be used to issue tokens, transfer ownership and more.

NFT is based on the common cryptocurrencies under the Ethereum network, namely ERC-1155 and ERC-721. Def portfolio services, such as Metamask and platforms such as EOS, Neo and Tron also issue their own NTFs. The goal is to compete with Ethereum for presenting crypto nft. Using the NFT system

Not only for cryptography, NFT systems are often used outside of cryptography. Recently, NFT is often used by musicians who sell music and video cassettes. NFT is a certified copy of the original value. It’s like a work of art like music and videos being released everywhere.

Of course, the prices of the first and late cassettes are very different. And the distributed digital cassettes also have a slight price difference. It depends on the seller. Literally, fungible means “unchangeable”. An example of a fungible is Bitcoin because it cannot be replaced with only 21.5 million BTC in circulation in the majority.

This is different from the unique NFT. When compared to the real world. They all have their own copies. Such as pictures, photos, music and more. So people can’t tell which works are original and which are duplicates. So, with the NFT, the validity of counterfeit assets can be spread to the public.