


FIFA soccer and Formula 1 racing have sports NFT projects coming up to allow fans to obtain digital pieces of memorabilia.
Rise in Adoption of NFTs in Sports Content.
Soccer's global governing body has launched FIFA+ Collect, an NFT platform for soccer-themed digital collectibles while Artema LABS and Motorsport Multiverse announced three series of NFTs on Formula 1 racing.
Increasing adoption of NFTs in the sports content marketplace is allowing fans to own licensed digital media of their favorite sports collections and moments.
FIFA announced this month’s launch of the NFT platform FIFA+ Collect on its blockchain partner Algorand. Football fans worldwide will be able to purchase unique digital collectibles - including game moments, as well as art and imagery from the FIFA World Cup and FIFA Women's World Cup.
"Fandom is changing and football fans around the world engage with the game in new and exciting ways. This exciting announcement makes FIFA collectibles available to any football fan, democratizing the ability to own a part of the FIFA World Cup," said FIFA Chief Business Officer Romy Gai.
Artema LABS has partnered with Motorsport Multiverse to release digital collectibles based on Formula 1 cars and drivers. Three series of NFT collections will go live later this month: Motorsport Moments, Motorsport Cards, and the Nigel Mansell collection.
Madhu Vijayan, CEO of Artema LABS, calls the NFTs an interactive, immersive 3-D engineered digital product that represents faithful replications of the vehicles and gear used by the racers, or the Moments series, which incorporates NFT videos.
The scope of NFTs in sports has grown with new revenue streams and user adoption. According to a Deloitte study, over 4 million sports fans globally will have purchased or been gifted an NFT sports collectible by the end of 2022.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, cryptonomics explainers, and Trading Tool Kits from BSC News.
Want the latest DeFi secrets delivered directly to your inbox every week from a leading industry expert? Instantly learn about strategies that could have you earning APYs of up to 69,000% with DeFi Maximizer. Sign up today and enjoy a 25% discount off of your first month!
Looking for a job in crypto? Check out the CryptoJobsNow listings!
Author
Related News


Swift and Chainlink Trials Pave the Way for the $10 Trillion Crypto Market

With the goal of expanding the crypto market from $1 trillion to $10 trillion, this partnership aims to seamlessly connect financial institutions' systems with various blockchain networks using Chainlink's Cross-Chain Interoperability Protocol (CCIP).
Chainlink and Swift Envision Blockchain Interoperability for Financial Institutions
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has partnered with Chainlink to explore the integration of blockchain networks into the financial industry. The collaboration aims to leverage Chainlink's Cross-Chain Interoperability Protocol (CCIP) to connect financial institutions' systems with various blockchain networks seamlessly.
We’re collaborating with our community to test how institutions can use their #Swift connection to seamlessly interoperate with the many #blockchain networks emerging around the world.
— Swift (@swiftcommunity) June 6, 2023
Building on successful trials in 2022, our new experiments aim to show how the Swift… pic.twitter.com/izS8HDNnj8
Several major financial institutions, including ANZ, BNP Paribas, Citi, and Lloyds Banking Group, will participate in trials to test the transfer of tokenized value over public and private blockchain networks.
During the trials, SWIFT's infrastructure will demonstrate how it facilitates interoperability by allowing tokenized assets to be transferred within public blockchain wallets, between public and permissioned blockchains, and from Ethereum to other public blockchains. Chainlink will act as an enterprise abstraction layer, connecting the SWIFT network to the Ethereum Sepolia network, while Chainlink's Cross-Chain Interoperability Protocol ensures interoperability between source and destination blockchains.
“Having a single interface for accessing the various blockchains that banks will have to transact on is both more secure and more efficient for their interaction with this new way of transacting among themselves and their clients. The connectivity between banks and blockchains created by CCIP can also enable the growth of DeFi, as banks will find it increasingly easy to interact with public blockchains and move value to and from them using their existing systems,” Sergey Nazarov, Co-Founder of Chainlink, told BSC News.
Connecting Banks and Blockchains
By successfully integrating major banks and clearing and settlement systems into web3, the collaboration aims to expand the crypto market from its current valuation of $1 trillion to $10 trillion.
“If even a small portion of the quadrillions of dollars in value flowing through the Swift network and its over 11,000 member banks makes its way onto blockchains, the entire blockchain industry could grow multiple times larger very quickly,” stated Nazarov.
As part of this collaboration, Swift and Chainlink will build upon previous SWIFT trials that were conducted in 2022, focusing on incorporating digital currencies and tokenized assets into the traditional financial ecosystem. The new experiments will address technical, operational, and regulatory challenges associated with operating in a blockchain environment., such as confidentiality and privacy of data, liability, and recourse when transacting with public blockchains.
SWIFT aims to establish an interoperable system that connects different blockchain networks, enabling financial institutions to seamlessly interact with multiple blockchain-based networks similar to traditional asset trading. The partnership recognizes the impracticality of building new infrastructure from scratch and instead seeks to help institutions leverage their existing infrastructure securely and compliantly.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Follow us on Twitter and Instagram!
If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, cryptonomics explainers, and Trading Tool Kits from BSC News.
Looking for a job in crypto? Check out the CryptoJobsNow listings!
Author

Swap Now

Sign up Now
Coming Soon

Bet Crypto

Claim Bonus
Coming Soon

Sign Up Now

Earn Now

What is this?

Play Now

Sign Up Now
Coming Soon
Editors Choice
Other Currencies
- nameLTBuyLitecoin
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0% - nameLTBuyEOS
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0% - nameLTBuyMonero
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0% - nameLTBuyBitcoin Cash
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0%