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Introduction: Blockchain technology is fast doing so much in the sports fraternity by way of innovative solutions, advancing fan engagement, loyalty programs, and secure transactions. Through blockchain, sports organizations and fans create a new dimension of what it would mean to be a fan—new touch points for interaction and participation in favourite sports.
Intrinsic Features of Blockchain in Sports:
Increased Fan Engagement: Blockchain platforms allow sports fans to interact with their favourite teams and athletes through the use of tokenized assets. Fans can purchase, sell, and own unique digital collectables of memorable moments, autographs, and exclusive content, among others, represented through tokenized digital assets like NFTs—Non-Fungible Tokens.
Secure and Transparent Transactions: Blockchain guarantees the security and transparency of transactions, considerably reducing the risk of fraud and counterfeiting. Fans can be certain that merchandise, tickets, and memorabilia bo
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