NFT Labs: Application Scenarios of NFT(SPORT)

NFT Labs: Application Scenarios of NFT(SPORT)

Counterfeit tickets and merchandise need a solution in the sports industry, and blockchain is providing the solution. The immutability of blockchain technology prevents fake passports and collectibles, and tokenized sports games issued for sale on the blockchain are a perfect practical case for NFT. In addition, some blockchain gaming projects have partnered with world-renowned sports clubs to issue tokenized player cards and highlight NFT collector cards, such as the NBA Top Shot, creating a worldwide craze among fans to collect NFT cards.

Practical cases: Sorare, NFT Top Shot, F1 Delta Time

Event Tickets

Currently, ticket forgery and mass hoarding is a big problem that needs to be addressed urgently. The immutability of the records kept by NFT on a distributed ledger allows tickets to be independently verified and authenticated on the blockchain, avoiding cheating methods. In addition, to prevent mass hoarding, ticket purchases can be tied to a specific blockchain-based identity to enable sales restrictions.

Practical cases: Mintbase, DigiTix

Fashion

NFTs related to the fashion industry can also be used on the Ethereum blockchain network to launch projects. A growing number of NFT projects are now working with fashion designers worldwide to provide them with intellectual property protection. Whenever someone buys their products, the designers get more royalties. NFT projects also organize product auctions for users to participate in. More and more tools and technologies will be released to allow designers and developers to collaborate on virtual clothing materials, patterns, interoperable games, and VR fashion assets.

Practical cases: DIGITALAX