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Crypto Season: 3 Valuable decentralized opportunities in the $600B sports market
Sports fans spend hundreds of billions worldwide going to sporting events, gambling, collecting memorabilia, and buying merchandise. The decentralized community has created unique approaches to further monetize this sector and provide a new level of value for sports fans.
I am going to discuss some projects that are taking out-of-the-box approaches to combine sports clubs/teams and their fan communities in a game-changing (sorry for the pun;) way. This is not financial advice and I am not a financial advisor. Do your own research before making any investments.
I’m not going to spend too much time going over how large the sports economy is. If you have attended a professional sporting event, you are probably aware of how costly it can be to be a fan. Perhaps there is a way that savvy fans can now profit off of their love of sports.
Coin 1: Chiliz (CHZ)
Chiliz is building an entire ecosystem for sports fans and crypto-assets. An ERC-20 token, Chiliz has released Fan Tokens for multiple football (soccer in the US) clubs. Interestingly, the value and trade volume of some of these Fan Tokens has really taken off as can be seen in the graph below.
