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DapRadar’s sports report explains how the FIFA World Cup introduced 5 billion people to Web3

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DapRadar’s sports report explains how the FIFA World Cup introduced 5 billion people to Web3
Nov 25, 2022 / 2:15 PM CET/CEST

DapRadar’s sports report explains how the FIFA World Cup introduced 5 billion people to Web3

Press release by Deputy Commissioner

Kaunas, Lithuania | 24 Nov. 2022 11:24 a.m. Eastern Standard Time

DappRadar, the global dapp store, has announced its first sports report, which focuses on the growing presence of Web3 projects and applications in the sports world and their unique ability to enhance fan experiences.

At a time when the world is focused on the 2022 FIFA World Cup in Qatar, Web3 connects millions of people around the world through sponsorships, ad deals and sports-focused digital experiences.

In particular, DappRadar’s sports report highlights the growing popularity of blockchain-based fantasy sports games like Sorare, where fans are tasked with collecting NFT-based player cards hosted on StarkWare, an Ethereum L2 solution. . In the last 30 days, Sorare has become the second largest NFT collectible in terms of trading volume, behind only the famous Bored Ape Yacht Club, with the largest single sale of Man City star Erling Haaland’s one-of-a-kind card, which has sold a whopping raises £265. But sold ETH, or $609,000, last January. It was followed by Kylian Mbappé’s card, which sold for €416,000, with both Messi and Ronaldo’s cards fetching more than €200,000 each.

Not only card games are popular. Fans can use blockchain to actually participate in how their favorite clubs are run through the Socios.com platform. To do this, they need to purchase fan tokens built on the Chilean blockchain that represent specific clubs such as Barcelona, ​​​​​​Lazio and Paris Saint-Germain. With these tokens, fans can participate in regular voting to select new kit designs, jersey numbers and motivational messages for their favorite players. In addition, token holders will have the chance to receive official merchandise, VIP tickets to games and online encounters with players, and much, much more.

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Given the benefits, it comes as no surprise that at the time of writing, over 82 popular clubs have launched fantokens on Socios. However, teams should be aware that the price of their Fan Tokens may be affected by negative results. After Argentina’s 2-1 defeat to Saudi Arabia in their first World Cup match, the price of AFA Token dropped by more than 25%!

Digital sports memorabilia is another emerging concept within the Web3 sports offering. For example, the NBA Top Shot NFT Collection on Flow generated an impressive $450 million trading volume in the first quarter of 2021, representing a whopping 36% of the total NFT market at the time. Created by Dapper Labs, the collection focuses on short videos called “moments” that capture some of the most exciting clips from NBA games.

DappRadar said Flow’s collections are popular because they reduce friction for users unfamiliar with blockchain. Whenever someone buys a “Moment” NFT, a wallet is automatically created for them. So the user does not need any technical expertise to participate. This year, despite severe bear market conditions in the broader crypto industry, the NBA Top Shot Collection generated more than $200 million in sales from 8.1 million transactions. A rival collection aimed at the NFL, called All Day, has sold more than $35 million this year in more than a million transactions. Dapper Labs also covers UFC fights and Spanish La Liga matches.

Finally, Web3 companies are making their presence visible in the sports world with powerful advertising campaigns. DappRadar reports that FIFA recently signed Algorand as an official sponsor and blockchain partner, for example. Algorand now hosts FIFA’s official NFT collection, called FIFA+ Connect. Elsewhere, Formula 1 agreed a massive $100 million ad deal with the Crypto.com exchange and wallet ecosystem until summer 2021, while 80% of its racing teams have fewer than 100,000 endorsement deals with brands like ByBit, OKX and Tezos . There is at least one crypto partnership.

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Crypto.com has been particularly vigorous in pursuing sports partnerships, making similar multi-million dollar deals with the Staples Center, PSG, and the NHL team Canadiens. More recently, Crypto.com signed a deal with Budweiser to promote itself in that company’s new Budverse digital world.

About DappRadar

Founded in 2018, DappRadar is the world’s dapp store: a global decentralized app store (dapps) that makes it easy to track, analyze and discover dapp activity for over 1 million users per month through its online platform. The platform currently hosts more than 12,000 dapps across 49 protocols and offers a plethora of consumer-friendly tools, including comprehensive NFT valuation, portfolio management, and daily leading actionable insights.

Social: Twitter – Discord – Reddit – Telegram – Facebook

Founded in 2018, DappRadar is the world’s dapp store: a global decentralized app store (dapps), facilitating a base of over 1 million users per month to track, analyze and discover dapp activity through its online platform . makes. The platform currently hosts 9,000 dapps from more than 30 protocols and offers a plethora of consumer-friendly tools, including comprehensive NFT valuation, portfolio management, and daily leading actionable insights.

contact details

Dan Edelstein

[email protected]

A company news distributed by EQS Group.
The publisher is solely responsible for the content of this announcement.

Source: news.google.com

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