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Donslens10

Blockchain with sports

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Blockchain applications are many and in various fields and can be used administratively by referring to players' files, for example, and organizing their contracts without the need for a middleman or a financial manager, and in addition to that to easily and quickly manage their union affairs, as well as organize the fans and support the club by launching their own business to buy their commercial products through them and other things .

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There are many blockchain projects that are currently operating in the field of sports, such as the Chiles project, which issued a token for some international soccer teams and was sold to investors and was later put up for trading on their official platform.

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It seems to me an extremely novel and useful initiative, it is really extraordinary how blockchain technology gains ground in different aspects of our lives.

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Blockchain technology has entered many important fields and has also reached the field of sports. This technology has entered sports betting to make bets on any sport in a region distinguished by credibility, transparency and without any fraud. This is because the betting in sports goes up dramatically every day.

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On 10/15/2019 at 9:22 PM, Paranoxxx said:

I heard about the idea to tokenize sports. There was one NBA Basketball player (Spencer Dinwiddie) who tried to tokenize his new contract. The NBA rejected the contract.
https://www.coindesk.com/nba-says-basketball-player-cant-tokenize-his-contract-after-all
It sounds interesting to me to connect sports and crypto.

This is a good thing. If there will be the tokenized sports. And NBA is now wants to work with the Blockchain. Thanks for sharing...

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I haven't seen athletes raising money to help them with training, although they get sponsorships. I haven't seen any blockchain to be active in this sector but perhaps nfts and collectibles might help in a way. It is still looking like a very long shot for something like this to succeed.

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Blockchain technology can and is already being used in the sports industry in many ways. NFTs are rising and many clubs have introduced them to their fanbase as well as there are blockchains used in the ticket management and for securing major events with incorruptible data and unique id for tickets that can be verifiable.

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Blockchain-based games can be programmed with tokenized digital assets. These digital assets can be traded within a game or externally on the public market. Blockchain technology can also create real-time sports betting with provably fair outcomes.

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While the blockchains at sports will help some of them, it should be that they adopt cryptocurrencies for payments. Doing so it will make it better for everyone and help us lock our tickets without having to ask the banks for authorization. It is a way we want to use crypto and everyone selling something especially in entertainment should have this option for the customers.

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you can say that there is the way to earn a lot of the money even if you are the new one in the world but for that you need to work very hard and need a good team too that is the only way to do that.

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Blockchain can be used virtually in every aspect that requires stability, accountability as well as accuracy, and sport is one of these aspect. 

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Yes it effect amazing on sports as like to good affect on the crypto world. Because this is the modern technology and use to get the hipg place for sport as compare to present.

 

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Now sports clubs have their own blockchain-based servers and are used to buy and support sports clubs by the public. As well as many clubs use the blockchain in their management operations, training and sales of their products and cards.

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Incorporating blockchain into sports can effectively help atheleteand other sports persons to finance their career. Thess are the benefits with which blockchain can be used to facilitate major developments in the field of sports. when such features of blockchain are utilised it will intern be used in other field also for progress.

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There will be good progress in blockchain technology for sports around the world to adopt it, if we are convert the salaries  of some athlecties  to bitcoin that will bring more demand in crypto market. 

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FC Barcelona has its own cryptocurrency and so does Juventus, the Italian club There are European sports federations that use blockchain to run their clubs and in the purchase and sale of match tickets.

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On 10/15/2019 at 6:50 PM, Donslens10 said:

Many sports talents have stayed on the road because of the impossibility of financing their careers. In this case, it is the athletes themselves who decide the benefits they grant to the users who support them in their training.

This is a big problem. I am think this is good idea to have token for the athletes and the first that do this they will receive a lot of attention and sponsor. It will be a big industry that will help many athletes compete with better terms as there will be websites for them and the tokens will give rewards too, as when the athletes succeed this will give profit with better price.

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Esports are a rising industry. With the release of new and better games the competition will keep rising. For the time being the rewards are good only for the very best, while only LoL is having a better distribution of the industry profits to many players. The use of cryptocurrencies may make it better and we have seen xrp making a small move in this sector.

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I think it is already adopted to some sports and to be specific to electronic sports. I saw this team in the professional team that their franchise is somehow involved as a crypto currency-based company in their hometown which already competing for some years already. The name of the team looks like nothing of a brand or a sponsor but only a team name only for most of the people but if you would go to binance, you would see the name of their team and the logo of the brand which would makes you more familiar to what the organization is about.

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This command already exists in the form of stocks.

Some sports clubs present themselves on the stock exchange of the country of origin, and the fans of this team get a portion of the profits every year, as this increases the market value of this club

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On 10/15/2019 at 8:50 PM, Donslens10 said:

The Technological start-ups offer unthinkable news every day. If we understand how unthinkable that an emerging company can raise millions of dollars in just one month, we will understand the dimension acquired by the immense drawer of blockchain technology.
Many sports talents have stayed on the road because of the impossibility of financing their careers. In this case, it is the athletes themselves who decide the benefits they grant to the users who support them in their training.
The tokenization of players or sports clubs will allow everyone to support their favorite club or athlete directly. And it is.

 

Running Sports along Block chain technology is a big change of this era where the sports and technology comes to one page. The block chain will shorten the distance between fans and players or club which are they favourite. Their are coin of Ronaldo and Messy as well. Those are big names of football and like them many of other sportsman have adopted the block chain technology. Thus it will bring benefit to players and fans.

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On 10/15/2019 at 10:25 PM, Caporetto said:

This is the fastest way to adoption if u look at WINK , an TRX ico which is about betting poker etc, they have massive profits already and lots of users daily.

 

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Yes we need these king of skilled gaming sites based on blockhain because this is the future ad with this we are shows the world our hidden skills and win crypto .

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On 10/15/2019 at 6:50 PM, Donslens10 said:

The tokenization of players or sports clubs will allow everyone to support their favorite club or athlete directly. And it is.

I think this is looking like exploiting the fan love for the team. Are these collectibles going to have value after 10 years when these players have stopped? We can think of the example of baseball cards in USA this is a lucrative  business for many and they even have cards from 100 years ago that cost a fortune. But this is tangible, meaning that cards can be rare which can also be on blockchain, but also lost, destroyed or damaged. For collectibles this makes the rest more valuable. Why would digital token assets as player pictures have value?

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