NFT Sports Marketplace: The Evolution of Sports Cards

NFT Sports Marketplace: The Evolution of Sports Cards
2 min read
15 February 2023

Collecting our favorite player's card will be our most favorite reminiscence from our childhood. The physical sports card we used to collect in our childhood days has evolved into NFTs now. These NFTs can be owned by the owner for a lifetime without any damage to them, unlike physical collectible cards. 

Why Sports-Based NFTs Are Trending

The love for e-sports does not seem to be fading away among gamers, even in the web3 space. It is evident that P2E game enthusiasts have been buying player card NFTs from NFT sports marketplaces to participate in e-sports gaming platforms and earn lucrative rewards. The popular sports-based gaming trends in 2023 are soccer, cricket, and motorsport racing games. These top 3 gaming genres have been major contributors to gaming NFT sales in the sports-based P2E genre. 

The Growth Of The P2E Sector

According to Deloitte, “NFTs for sports media will generate more than US$2 billion in transactions in 2022, about double the figure for 2021. By the end of 2022, we expect that 4–5 million sports fans globally will have purchased or been gifted an NFT sports collectible. Interest in sports NFTs is likely to be spurred by activity in the wider NFT market, including that for digital art, the top five most valuable sales of which had generated over US$100 million by August 2021.”

Summing It Up

While the sport-based P2E games are set to evolve big in the coming years. It is wise for gamers to become an early adopters of Web3 sports-based P2E gaming platforms. In addition, P2E games also enable gamers to have a revenue-generating scope, unlike traditional gaming platforms.

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tony garan 4
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