Note Is crypto used in football?

Introducing Football Now is a brand new series that explores some of the most pressing topics in the world of football. Although the football field does not have a very good history. David de Gea’s move to Real Madrid happened a few decades ago because of a loaned fax machine. However, Bitcoin Smarter is already making its mark in the sports world, marking a milestone.

Former Real Madrid striker David Barral became the first professional to be paid in Bitcoin in early 2021. “He will be the first cryptocurrency contract in history,” Dux International said on Twitter. This was made possible thanks to our new sponsor, Criptan.

Conversely, cryptography is not just limited to this group. Italian Serie C clubs bought 25% of their investment with Quantcoin, Dutch players AZ Alkmaar got paid for the first time with Bitcoin and Premier League side Watford is wearing a shirt with a bitcoin emblem.

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Non-fungible tokens (NFTs) are becoming more and more popular as the crypto market grows around the world. Using distributed ledger technology, NFTs are digital versions of real products such as music and video games, which can be purchased with cryptocurrencies such as bitcoin. As a result, it has spawned NFT games which are now huge profit generating projects. It is possible to earn significant crypto assets by playing these games.

These games have made in-game assets non-fungible tokens that can be collected by players (NFTs). Playable characters, weapons, vehicles and other in-game assets can be traded as NFTs to help players earn money while playing the games. Football matches also allow individuals to sell their NFTs unless they are not limited by the crypto price.

NFTs and collectibles

Collectibles have been around since the modern era of football. Football fans treasure programs, ticket claws, scarves and replica outfits.

Sticker albums became popular in the late 1970s and 1980s. Kids traded rare patches for the 2 or 3 cards they needed to finish their albums for the World Cup.

Voting rights of fans

Modern football uses fan tokens. Clubs use them to connect with players and legends, but the most prominent devices are sold on crypto exchanges and have large market caps.

Even a little bit of fan power, like voting for a club’s next uniform or a pre-season friendly, is better than nothing.

Fan tokens are new. Next Generation Football Fan Coins, when issued by a club rather than an associate partner, can give supporters fractional ownership of stadiums and training venues.

Payments

Transferring players feels like the 80s. This football area still uses fax machines, scanned documents, deal sheets and tedious banking transactions. Using crypto to buy and trade players makes sense in the fast paced world of global football. The immutable nature of the blockchain helps with transparency and audits, and crypto transactions are faster and do not come from banks.

Smart contracts can activate player contract elements such as performance bonuses or appearance costs. Messi received cryptocurrency.

Some call crypto transfers new or anomaly, but their speed and accuracy can make it commonplace. Especially if used with forums like

The FCA conducted research this month advising clients to avoid risky investments like bitcoin. Manchester City, Barcelona and Juventus are partnering with the Socios cryptocurrency platform and Bitcoin Smarter to effectively enable crypto in the crypto world.

The partnership will allow clubs to sell and trade digital fan tokens. The supply-demand ratio of each cryptocurrency is tied to the football club which provides the opportunity to buy and sell with ease.

Tokens usually come with promotions, incentives and discounts at club stores. Juventus token holders can choose the target song. Traditionally, to buy tokens, fans have to convert money to Chiliz through an app.

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