Develop an NFT Marketplace for Sports and connect fans with players

Competitive leagues are going across the globe now. With players across disciplines putting in the hard yards, an adrenaline rush is common in the minds of their fans. Likewise, the mind-boggling growth of the metaverse has resulted in revenue-generating opportunities for athletes, sponsors, as well as tournament organizers. Are you an entrepreneur who is intrigued by Web 3.0? Create your own NFT marketplace for sports. 

Connecting sports and the tremendous growth of crypto collectibles

Trading Cards – Fans of basketball and football can follow the activities of their favourite teams and award-winning players. For instance, NFT marketplaces like NBA Top Shot and Sorare allow fans to bid and buy packs and moments. Sorare has partnered with more than 215 clubs across the globe. 

Hence, fans get rewards after they collect limited, rare, super rare and unique cards per season. They also receive benefits like round-the-clock trading of digital assets, real-time updates about scores, and weekly prizes for competing against managers of different clubs. 

Sports memorabilia – “Treasured is the correct phrase to describe sports fans when they get hold of trophies and medals”. Likewise, NFTs are the next big thing in the global sports sector. Hence, you can join hands with legendary players and sell off emblems, jerseys, T-shirts, bats, balls, caps etc. Interested buyers can take part in the auction and submit bids for buying these valuable collectibles. 

Moreover, you can offer a physical and digital experience to sports buffs. For instance, organizing contests and competitions will help in discovering the most loyal fans. You will witness a rise in engagement by conducting Ask-Me-Anything (AMA) sessions, and special one-on-one discussions with sportspersons. Besides that, keen followers of the game can be part of a whitelist. These exclusive members can buy branded merchandise, and purchase tickets for upcoming matches. 

Importantly, the value of the crypto collectible depends on factors like visual quality and utility. Further, sports fans who purchase these NFTs can resell them on famous marketplaces after a specific duration. 

Videos – Undoubtedly, not everyone across the world can watch a match on their screens. The sports industry is witnessing a rapid change due to the growth of live streaming. Moreover, NFT marketplaces like NBA Top Shot are selling videos of players showcasing their layups and dunks as crypto collectibles. 

Moreover, there are 4 kinds of NFTs, Common, Rare, Legendary, and Ultimate for sale. Importantly, fans can place bids for these licensed products of the National Basketball Players Association (NBPA) and the Women’s National Basketball Players Association (WNBPA). They can explore the moment and share it on different social media platforms. Subsequently, investors can see the price of the NFT in fiat and crypto, place the bid, transfer the required amount, and win the auction.

Besides that, sports fans can verify the authenticity of the collectible by clicking the NFT details section. Importantly, they can see the edition size, number of listed NFTs, and number of collectors. Users can go through the stats of individual players and enhance their knowledge of the game. Besides that, the sales history section displays data about the name of the buyer, the price at which he/she bought the NFT, the serial number, and the date and time at which the NFT was sold. 

The notable features of an NFT marketplace for Sports are

Search panel – Users can discover valuable NFTs by clicking the search panel. They can enter names of renowned players, acclaimed players, and prestigious tournaments. Further, players can view the common, rare, epic, and legendary NFTs up for grabs. Moreover, they can see information like the lowest ask price and the bidding deadline. 

Featured Editions section – NFTs with an enormous value are showcased here. Interested investors can see details like the owner of the collectible, the date and time of the drop, the price, and the edition number. Subsequently, users can check the authenticity of the crypto collectible by viewing the metadata and the contract address on the blockchain explorer. 

Latest Listings – Users will receive real-time notifications when NFTs are up for sale. They can head over to the latest listings section. Moreover, sports fans can view the images and also see the engaging content on their smartphones. 

The crypto collectibles include details about the moment (date and time of the player’s shot in the specific tournament) and the lowest ask price in cryptocurrency and fiat currency. Generally, data about the number of NFTs for sale, the number of collectibles hidden in packs, and player stats are available. 

Help Desk – Both players and NFT collectors can solve issues by contacting the help centre. They get adequate support for problems related to identity verification, processing of transactions, updation of passwords, depositing and withdrawal of digital currencies, and delays in getting rewards after finishing challenges. 

Filter and Sort button – Users can discover crypto collectibles by tapping the filter button. They can select options like League (National and International), Tier (Common, Fandom, Rare, and Legendary), Price (Low to High), Player (First Name and Last Name), and Listings (Old to New). 

Integrated wallets – Sports fans can process transactions for buying valuable crypto collectibles. They must sync software wallets like Coinbase Wallet, Portis, Torus, MetaMask, MyEtherWallet (MEW), and hardware wallets such as Ledger and Trezor for transferring funds. 

Leaderboards – The list of top NFT collectors are mentioned here. Generally, it is divided into 2 parts, Icons and Buyers. Information like the collector’s score, social media accounts, and profile links is shown. Besides that, prospective investors can go through the Gallery section and view the signed collectibles displayed as images. 

Wrapping Up

Unquestionably, sports NFTs have resulted in a huge revolution in the creator economy. According to a detailed study by Deloitte, an international consulting company, sales will skyrocket to $2 billion this year. NBA Top Shot for basketball, Sorare for football, Rario and FanCraze for cricket, and Autograph for numerous sports are leading this trend. In the coming years, tickets, passes, apparel, and jerseys will also get sold as unique crypto collectibles. Want to take over the Web 3.0 era? Connect with us now to create an NFT marketplace for sports. 

Stir up a revolution in the creator economy with an NFT Marketplace for Sports

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Marketing is my soul mate and writing is my side kick. Using my writing skills to share the knowledge of app development and upcoming technologies.