Deloitte expects an eventual rise in blockchain-enabled innovations

Seeing the result of the NFTs, crypto, and fan token used they considered the innovation

Bitcoin (BTC) is the most prominent blockchain use case,

It shows the technology’s prowess in successfully delivering an immutable

And truly decentralized ledger over the past 13 years.

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Adding to the years of innovations since then,

They notice the introduction of altcoins, nonfungible tokens (NFT), decentralized finance (DeFi) growth

A study conducted by fintech giant Deloitte highlighted the untapped potential of the crypto ecosystem

It such a good opportunity to open up newer markets for the sports industry.

The first fan tokens and NFTs introduced to the sports industry

Which aims to increase fan engagement via collectibles and voting mechanisms.

However, Deloitte, one of the Big 4 accounting firms,

Envisions the industry further embracing crypto

And blockchain technology over the coming years:

“A nexus will form around sports collectibles, ticketing, betting, and gaming. We are just beginning to see its (cryptocurrency’s) potential, as well as the new markets it could lead to.”

Seeing the growth and result of their job, Deloitte have long-hopes for this field

Therefore, they always work for the innovation of them

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Besides, as a big participant, Deloitte puts high-hopes in sports industry

They also have the expectation to make a seasonal tickets over the blockchain.

 

Additionally, Deloitte’s study revealed that NFTs catalyzed

The merger between the physical and virtual worlds in sports

And they also predicting over $2 billion in sports-related NFT transactions in 2022 alone.