From Pro Kabaddi League to IPL, how blockchain has taken the sports industry by storm

economictimes.indiatimes.com:

National Football League (NFL) and Major Baseball League (MBL), blockchain-based applications have started making a buzz among sports enthusiasts and hardcore fans. All geographies with a massive pro-sports population have one thing in common — instrumental usage of blockchain technology. Starting from fan tokens or digital trading cards and collectibles backed by non-fungible tokens (NFTs) to promoting blockchain-based ticketing systems and decentralising the sports ecosystem, the traditional sports world is transforming slowly but surely, and blockchain is at the centre of it all.

Until a few years ago, we had no idea what blockchain was. But one fateful day changed everything. A seemingly ordinary day was marked in the history of revolutionary technological transformations when the world got introduced to Bitcoin, one of the initial and most popular applications of blockchain technology.

And, the world as we know it was never the same. It was then that cryptocurrencies started observing an unprecedented boom and several high-end businesses, fintech giants, and prominent personalities began focusing on blockchain technology and its multitude of profitable benefits. In this context, the sports industry also realised the potential of leveraging blockchain technology and cryptocurrencies to gain maximum financial returns.