Introducing Football Now is a brand-new series that explores some of the most pressing topics in the world of football. Though the realm of football has not seen a very good history.  David de Gea’s move to Real Madrid came through a few decades previously due to a slow fax machine. However, Bitcoin smarter is already making its mark in the world of sports, marking a significant milestone.

David Barral, a former Real Madrid attacker, has become the first professional to be paid in Bitcoin in early 2021. “He becomes the first contract in history in cryptocurrencies,” Dux International stated on Twitter.” It was made possible by our new sponsor, Criptan.”

Conversely, cryptography is not restricted to this group only. Clubs in Italy’s Serie C bought 25% of their investment using Quantcoin, the Netherlands’ AZ Alkmaar players were paid for the first time using Bitcoin, and the Premier League’s Watford team wears a shirt with a Bitcoin emblem.

The Influence Of Football Over Cryptocurrency

Non-fungible tokens (NFTs) are becoming more popular as the crypto market expands around the world. As a result of distributed ledger technology, NFTs are digital versions of real-world commodities like music and video games, which can be bought using cryptocurrencies like bitcoin. As a consequence, it has given birth to NFT games which are now massive profit-generating projects. It’s possible to win significant crypto assets by playing these games.

These games have made in-game assets non-fungible tokens that may be collected by players (NFTs). Playable characters, firearms, vehicles, as well as other in-game assets, can be traded as NFTs to assist gamers to gain money while playing the games. The football games also allow individuals to sell up their NFTs unless they are not restricted by the crypto prize. 

The Incorporation Of Crypto Into Football’s Realm 

NFTs & Collectibles

Collectibles have existed since football’s modern era. Football fans treasure programs, ticket stubs, scarves, and replica outfits.

Sticker albums became popular during the late 1970s and 1980s. Children swapped rare patches for the 2 or 3 cards they needed to finish their albums before World Cups.

Fans’ Voting Rights

Modern football uses fan tokens. Clubs use them to connect with players and legends, however, the larger currencies are sold on crypto exchanges and have significant market caps.

Even a modest sliver of fan power, like voting on a club’s next uniform or a preseason friendly, is better than nothing.

Fan tokens are new. Next-generation football fan coins, if issued by a club rather than an associate partner, may provide fans fractional ownership over stadiums and practice sites.

Payments 

Transferring players looks like the 1980s. This area of football still uses fax machines, scanned paperwork, deal sheets, and cumbersome bank transactions. Using crypto to buy and trade players makes sense in the fast-paced world of global football. Blockchain’s unchangeable nature helps with transparency and audits, and crypto transactions are speedier and don’t require banks.

Smart contracts could activate player contract elements like performance bonuses or appearance costs. Messi received crypto money.

Some may call crypto transfers a novelty or anomaly, but their speed and accuracy could make them commonplace. Especially if utilized with forums like 

The Bottom Line 

The FCA produced research this month to advise customers to avoid high-risk investments like bitcoin. Manchester City, Barcelona, plus Juventus have partnered with the cryptocurrency platform Socios as well as bitcoin smarter to incorporate crypto in the crypto world efficiently. 

The partnership allows clubs to sell and trade digital ‘fan tokens’. The supply-demand ratio of each cryptocurrency is related to its football club which comes with the option of easy buying and selling. 

Tokens typically come with promotions, incentives, and club store discounts. Juventus token holders can choose the goal song. To buy tokens, fans must convert traditional monies into Chiliz via an app.