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❕NEWS Blockchain is moving into the sports world

AudraMiller

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Luis figo and Ricardo Quaresma has given their support for a new app that allows for the blockchain and cryptocurrency community to become integrated within teh sporting community. According to teh article it seems that these two will be heavily involved in advertising the app and getting people to know more and more about crypto and NFTs as well. this might be a good thing for the crypto community during this time of recovery and will be in the form of a competition app. What are your thoughts on this?
 
I love the fact that the Blockchain technology is moving into the sport world ,it would really help build up different development and grow in more opportunities and others , Blockchain is on a high development and I love the development it's actually showing ,sport clubs and others needs to involve in it more
 
The duo of Luis Figo and Quaresma have also been unveiled this year as brand ambassadors of Dotmoovs. The company, Dotmoovs is a platform powered by Blockchain that allows people to interact with each other on sports related issued. They can buy the Dotmoovs token to be used on the platform.

That aside, Blockchain technology is making moves into mainstream sports. La Liga now uses Blockchain technology for it's ticketing system to improve security.
 
The integration of blockchain into sports and some other industries is an exciting development and I want to say that it has a great potential bring positive change to the various aspects of the industry.
 
It is very important to understand that blockchain technology would bring about fan engagement. It will also enhance transparency when it comes to secure to ticketing system and it will allow the verification of the authenticity of the ticket.
 
Athlete can also try to benefit from blockchain through tokenization of their brand and that is a very good way to make money because this will allow them to monetize their fan base through unique collectibles.
 
It is very necessary to understand that smart contract that is powered by the blockchain would help to streamline various process in sports management which is a very good deal and a positive experience in the sporting world.
 
The blockchain can help to create transparent transactions for merchandise sales and it will also enable fans to purchase authentic merchandise as well because it will come from the original source.
 
There will be an increase transparency. there would also be a great reduction in the risk of fraud and manipulation that is involved in betting market which means that blockchain technology is useful in sport betting.
 

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