The sporting sector as a whole has come to realize the possibilities that cryptocurrencies and blockchain technology can provide in terms of further monetizing fan involvement, attracting sponsors, and engaging a global market in ways that were unfathomable several decades ago. Dedicated fans, each of whom is a citizen of digital technology, consume content linked to sports and games for far longer than the actual period of a competition. Teams, clubs, and other athletic entities are innovating in order to maintain their relevance in the modern digital age and live up to the expectations of fans.
FIFA takes the world cup to a next level
As a direct response to the limits imposed on the sector by the COVID-19 epidemic, the sports industry has developed new ways to ensure that clubs and supporters remain linked in a socially dispersed world. The industry has come to the realization that blockchain has the potential to revolutionize revenue streams as well as the fan experience. This can be accomplished through increased crypto-sponsorships, fan tokens, non-fungible tokens (also known as “NFTs”), or even by blockchain providers entering the market.
A green blockchain technology business has inked a sponsorship contract with FIFA, the governing body of football around the world, to sponsor the 2022 FIFA World Cup, which will take place in the Gulf nation of Qatar during the winter of this coming year. Despite Qatar’s decision to ban cryptocurrencies, the massive athletic event is expected to attract millions of viewers who are interested in blockchain technology and cryptocurrencies.
According to FIFA, there are two businesses that are in the process of forming a technical partnership to assist FIFA in the development of a cryptocurrency strategy, which will include marketing soccer-related non-fungible tokens (NFTs). This partnership will help FIFA develop a strategy. Additionally, the company will assist FIFA in the development of a wallet that is enabled by blockchain technology.
What is DxCup?
Dx Cup was conceived of and created by bringing together the world of soccer and the most valuable resources available in blockchain games. A novel idea for a decentralized environment for sporting competitions, in which individual players will have multiple opportunities for active participation. This universe is a combination of markets that together generate billions of dollars every year and have an effect on the entire world. These markets include soccer video games, all of which have been combined by blockchain technology, and NFT, which is another great rising market that has begun to attract the attention of the entire world.
The Dx Cup is also a member of a new generation of video games in which the player has the opportunity to earn bitcoin for his or her participation in the ecosystem. The players have the ability to own game assets in these games, which marks a first in the history of video games. These games go by the name “Play to Earn.” You won’t just be able to compete in the game; you’ll also be able to bargain and come out on top!
To learn more about DX Cup visit www.dxcup.com
