Too Long; Didn't Read
Fan tokens generated over $387 million on March 13 this year. NFTs are blockchain-based tokens, each being unique and different from the rest. These tokens can give fans a say in decisions regarding their clubs or teams. The value of a sports club token is based on how much fans value being a part of a club or team and getting access to special perks. Digital collectibles are also proving to be popular this year, with some of the most recent ways to boost fan engagement. The tech and sports industries are considering sports collectibles.