It's in the game!
Fayre TL;DR
What's New This Week?
Getting ready for the pre-season
Sports rank very high when it comes to entertainment. So we thought it would be a good opportunity to discuss how sports clubs are capitalising on this opportunity.
What are fan tokens??Typically these are digital collectibles with member rights, such as access to a variety of fan-related membership perks.?Don’t these already exist??Yes, in the form of traditional memberships.?What happened to “reinventing” the wheel??The opportunity here is to build upon what already exists, namely by finding new ways to engage with fans and monetise further.
They are also known as “utility tokens” for that exact reason. They enable fans to give their opinion in marginal decisions of the club - things like voting for the design of the team bus or selecting the player of the month - and, above all, are a driver to increase fan engagement.
In fact,?FAYRE has been working with Spanish La Liga Football Club, RCD Espanyol , namely by using NFTs to bridge the digital world and real life experiences for the Espanyol fans. The NFTs provide fans with exclusive access to certain elements in the stadium, the team and many other perks.
A recent?Deloitte study ?predicts that sports-related NFTs?“will account for more than $2 billion in transactions next year, roughly doubling the 2021 figure”?and approximately 5 million sports fans getting into this space. WAGMI.
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That's it for this week's full scoop! Please feel free to comment, share and discuss NFTs with us, we're here to help. Stay crypto-curious!!??
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