| NFT: Applications in professional sport |
| Paper ID : 1763-SSRC-13TH |
| Authors |
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Amir Hashemifar1, Hasan Shabani2, Parastoo Ghodsi3, Mehdi Rasooli *4 1دانشگاه هنرهای زیبا 2دانشگاه هنر تهران 3دانشگاه خوارزمی 4استادیار مدیریت ورزشی/ پژوهشگاه علوم ورزشی |
| Abstract |
| A non-fungible token (NFT) is a non-interchangeable unit of data stored on a block chain, a form of digital ledger. The NFT industry has many applications in the fields of art, fashion, music, games, real estate transactions, collectibles and sports. In this article, we identified the applications of NFT in professional sports. We analyzed websites and social media pages of professional sport clubs and athletes for identifying the usage of NFT. So we identified 10 applications of NFT in professional area: 1 Buying and selling collectible posters of teams and players They are traded digitally and in the NFT. 2 Games and game industry in sports Buying and selling characters and items in NFT to improve the level of the game. 3 Performing benevolent games transparently: Ticket sales for games with the NFT. Due to the block chain process, the hands of intermediaries are shortened and honesty in the charitable affairs of the games reaches the maximum. 4 Honors deals of clubs and players Medals, sports equipment or videos, related clips in NFT can be sold, which is very attractive to collectors. 5 Easy and immediate ticket sales Ticketing in NFT format on the block chain platform, the clubs can shorten the intermediaries and make the ticket sales process as regular as possible. 6 Increasing communication between fans with players and teams Fans can be in direct contact with their fan club and fake items will be eliminated. 7 Players' contracts with the club doping tests, physical strength analysis, medical test results, transfers, and contracts can be displayed in a transparent and changeable manner 8 Creating a support token Fan tokens are a cryptocurrencies that gives its holders access to some unique benefits, such as voting on a club's decisions, rewards, product design… 9 Establishment of sports stores in Metaverse Sporting goods stores purchased land and formed a store in the form of Metaverse 10 Focusing on club and player information NFT doesn’t let changing data and manipulation, they automatically move toward decentralization. These ae the alternatives to use NFT in sport professional world. |
| Keywords |
| NFT sport, block chain |
| Status: Abstract Accepted (Poster Presentation) |
