PwC: NFTs will Shape the Future of the Sports Industry

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Today’s Cryptocurrency Headline

Global consulting firm PricewaterhouseCoopers released the “Sports Industry Insights Report”, saying that “NFTs will shape the future of the sports industry”. According to the report, NFTs are significantly changing the experience of sports fans and are becoming a new source of revenue for sports leagues and teams. The report presents three use cases for NFTs in the sports industry. 1. Members-only NFTs such as season tickets provide services such as special seating and VIP experiences; 2. The combination with the Metaverse provides new opportunities for interaction between fans and sports players. 3. NFTs can provide sports fans with privileges in the digital space, which will attract more fans and create new markets.

BingX’s Bitcoin Chart

Source: TradingView& BingX

BTC is almost flat over the last 24 hours, as it fell to an intraday low of $37,565 earlier in the session but managed to pull back to above the $38,000 price level in the following hours. The United States Federal Reserve will announce its policy decision on March 16, so the short-term volatility could pick up in the coming days. However, it is unlikely that the interest rate policy could dramatically change the current market dynamic unless the Fed springs a surprise.

 

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