NFTs will shape the future of sports, PwC says

  • PwC foresees three major shifts in ticket sales, media rights, and sponsorships. 
  • NFTs and digital assets will be at the center of fan engagement and sports industry revenue streams.
  • Metaverse and Web3 integration also holds huge promise for the industry, the firm said in a report.

NFTs have vast potential and are likely to become “the future of digital assets in sports,” Big Four auditor PwC has said in a new report.

The firm’s Sports Industry Outlook 2022 report highlights non-fungible tokens as one of the top ten trends that could significantly boost the sports sector.

According to PwC, the growth in NFTs and overall adoption of digital assets is a development likely to “shape fan experience” and boost revenue opportunities.

Per the report, collectible NFT sales, season ticket member NFTs and virtual access tokens are likely to play a big role in revolutionising fan engagement. But more than that, as is with ticket sales, media rights and sponsorships, the fast-growing NFT space could open up new revenue streams for teams and leagues.

For sponsors, tokenization presents a great way to align themselves with a team or league and create unique activations that build equity for both brands,” the firm noted.

Sports organisations and teams can explore collectible NFTs, moving into tokenised tickets, team memorabilia and even match highlights.

These can become key collectible NFT series, with their sale and trading an avenue that can bring in new revenue on a level not seen before. The same concept could apply to season ticket members (STM) and virtual access tokens.

The metaverse and Web3 are also going to be major “shifts” in coming years, with growth around these seeing “a reimagination of so much of how fans consume sports.”

As teams and organisations look to integrate and benefit from this technology, PwC advises investments in the infrastructure and talent key to its realisation. It’s also important to work towards legal and tax compliance.

NFT sales amounted to over $17.7 billion in 2021, growing two hundredfold from a total of about $8.5 million in 2020. Profits from reselling and buying also increased exponentially, reaching over $5.4 billion in 2021 from $12 million a year earlier.

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Waves Protocol erreicht Allzeithoch des TVL

  • Waves Protocol ist seit Anfang des Jahres in TVL um etwa 80 % gewachsen
  • Neutrino und Vires Finance waren die wichtigsten Assets, die die jüngste Blüte anführten 

Waves Protocol, eine Plattform zum Erstellen von Web 3.0-dApps, die derzeit auf Platz zehn – in Bezug auf den gesperrten Gesamtwert – aller Ketten steht, hat Anfang letzter Woche zum ersten Mal seit Oktober 2021 einen TVL-Wert von 2 Milliarden USD überschritten.

Obwohl der TVL am nächsten Tag (letzten Mittwoch) kurz unter die Marke fiel, stieg er wieder und testete den Rekordwert vom letzten Oktober erneut.

Als eines der wenigen Vermögenswerte, das trotz der jüngsten Marktschwankungen ein hohes Wertwachstum verzeichnet, hat Waves den Einbruch getrotzt, den es Anfang Februar erlebte und dessen TVL auf bis zu 700 Millionen USD sank.

Laut DeFi Llama-Daten hat es derzeit einen TVL von 2,4 Milliarden USD, was einem Zuwachs von über 150 % gegenüber dem Monat entspricht.

Wichtige Protokolle steuern den Anstieg

Der Schlüssel zum 80-prozentigen Anstieg von Waves seit der Jahreswende ist sein dominantestes Protokoll, Neutrino. Neutrino hat von massiven Verbesserungen profitiert, die zu einer Steigerung des gesperrten Gesamtwertes geführt haben.

Als wichtigster Vermögenswert des Waves-Ökosystems ist dieses DeFi-Toolkit, das darauf abzielt, eine stabile Münzerstellung zu ermöglichen, im letzten Monat um 257 % und in den letzten sieben Tagen um 58,68 % gewachsen. Mit einigen wichtigen Verbesserungen des algorithmischen Multi-Assetization-Protokolls ist sein Wert auf derzeit 1,42 Milliarden USD in die Höhe geschossen, was einer Dominanz von 59,43 % entspricht.

Das andere Waves Protocol, das nahe kommt, ist Vires Finance, das derzeit einen TVL von 796,4 Millionen USD hat. Das nicht verwahrte, dezentralisierte Liquiditätsprotokoll ist im letzten Monat um 133 % und in der vergangenen Woche um 25,92 % gestiegen.

Auf dem Markt verzeichnet der WAVES-Token laut Daten von CoinMarketCap seit Anfang März ebenfalls ordentliche Gewinne. WAVES wechselt derzeit bei 26,59 USD den Besitzer – ein Plus von 43,76 % in den letzten sieben Tagen.

Die Telegram-Community von Waves rechnet mit einem riesigen Airdrop

Das massive Wachstum im Waves-Ökosystem wurde durch die Nachricht von einem Airdrop in der Waves-Community weiter angekurbelt.

Waves Protocol teilte den Benutzern am vergangenen Freitag per Twitter-Post mit, dass die Mitglieder der Telegram-Community diese Woche mit einem Airdrop-Event rechnen sollten.

„Nun, Community! Die große Welle des Spaßes und der Belohnungen ist im Anmarsch! Erwarten Sie nächste Woche ein riesiges Airdrop-Event in unserer Gruppe http://t.me/Wavescommunity,  bei dem Sie verschiedene auf Wellen basierende Token für einfache Aktivitäten erhalten können!“ schrieb das Waves-Team.

Benutzer müssen einfache Aktivitäten ausführen, um Waves-basierte Token zu erhalten.

The post Waves Protocol erreicht Allzeithoch des TVL appeared first on BitcoinMag.de.

Tesla CEO Elon Musk: I won’t sell my Bitcoin, Ethereum and Dogecoin

The Tesla and SpaceX CEO, however, feels rising inflation makes “physical things” like homes and stocks in companies „with good products“ better investment choices.

Elon Musk has said he isn’t going to sell his crypto holdings in Bitcoin (BTC), Ethereum (ETH) and Dogecoin (DOGE).

Musk, whose first purchases of Bitcoin coincided with the onset of the 2020-2021 bull market, however, does appear to favour investments in “physical things” amid rising inflation.

The Tesla and SpaceX CEO noted this on Monday, tweeting that real estate or stocks of companies making „good products“ could be better than dollars given the high inflation.

US inflation has paced at its fastest rate year-over-year, with February’s data pointing to a 7.9% reading. It’s the highest level at which prices have risen in 40 years, with pandemic-era monetary and fiscal stimulus a key driver that has only been exacerbated by the war in Ukraine.

As a general principle, for those looking for advice from this thread, it is generally better to own physical things like a home or stock in companies you think make good products, than dollars when inflation is high,“ Musk noted in the Twitter thread.

I still own  and won’t sell my Bitcoin, Ethereum or Doge fwiw,“ he added.

His comments come as the global markets face significant selling pressure amid sanctions against Russia for invading Ukraine.

Bitcoin slipped alongside in the days after the invasion, while a ban on Russian oil exports pushed oil prices to multi-year highs. Prices of gold, palladium, copper also rose significantly.

Bitcoin is up 1.3% over the past week, currently near $38,200, while Ethereum (ETH) is just under 1% and Dogecoin has declined 5% this past week. 

Meanwhile, European shares are trending higher in early deals amid optimism over talks between Ukraine and Russia. 

Oil is down about 5% after last week’s ban on Russian exports and a major lockdown in China due to a new surge in Covid infections.

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Highlights March 14: Crypto markets mostly lower, strong week for London-listed firms

The crypto market was mostly lower over the past 24 hours, with the majority of the top 10 cryptos registering losses. 

The UK100 (+3.76%) rose strongly last week as fresh economic data showed the UK economy to be performing better-than-expected.

US stocks suffered one of their worst weeks so far in 2022 last week as the ongoing war in Ukraine caused investors to dial down their risk appetite.

Tech stocks were among the hardest hit, with household names such as Apple (-5.17% last week), Microsoft (-3.38%) and PayPal Holdings (-3.34%) all losing ground.

Top cryptos

Terra is the biggest top 10 winner again, up 8% at time of writing. This might be due to ETH whales accumulating Wrapped Luna en masse to gain exposure to the Terra ecosystem. Last week, whales purchased more than $70,000 of Wrapped Luna, the wrapped version of Terra’s token.

Bitcoin was down around 1%, trading below $39,000 at time of writing. Ethereum registered small losses, and XRP and Solana were down around 3% and 2%, respectively. On the upside, Cardano registered gains of around 2%.

Dogecoin is trending after Elon Musk announced he wouldn’t be selling any coins. However, this failed to reflect on its price.

Top movers

Most top 100 coins lost 1-3% of their value. Fantom is down 5%, still reeling from the developer exit last week. Chiliz has lost 6%.

On the upside, THORChain and privacy token Zcash gained 8% resp. 4%. THORChain has had an extended rally recently. The Graph is also up by around 4%.

Trending

The live HydraMeta price today is $0.00077 with a 24-hour trading volume of $1 million. HydraMeta is up 1,483% in the last 24 hours.

Through this platform, users can buy and sell in different blockchain markets without transferring to other cryptocurrency wallets, which further reduces the fees on cross-chain transactions such as ETH and BSC.

MovieBloc, a decentralized movie and content distribution platform, continues to rally. Its token MBL has been soaring ever since it was listed on crypto.com last week. Today, its price more than doubled, adding another 137%.

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