Cryptocurrencies are the new allies of sports and are beginning to flood fields, stadiums, and ballparks. Several soccer teams and Formula 1 racing teams already have their own virtual currencies. The most notable are Manchester City, Paris Saint-Germain, Atlético Madrid, AC Milan, Roma, Aston Martin and Alfa Romeo.
How much do cryptocurrencies cost in sports?
Buying cryptocurrency from a company is often like buying stocks. The output value depends on the device and the chosen encryption company. For example, the AC MIlan token, which was priced at $6.56 in early 2021, is currently at $5.5 per token, though it has hit an all-time high of around $23.20. On the other hand, the price of Aston Martin coins today ranges from 750 to 900 GBX.
N.T.F. Awards
Less than a month ago, the main women's sports federation opted for blockchain technology and distributed several NFT prizes in Spain, digital outlet Cointelegraph reported. However, Leverade, a tokenization platform for sports federations through blockchain, has been working on various technological tools for 6 years to professionalize and optimize the daily management of sports entities.
Athlete earnings in cryptocurrency
One of the most common tactics in the cryptocurrency industry is the direct sponsorship of athletes. It is not the first time that a player like Andrés Iniesta has announced this issue on his social network. In fact, top international athletes like UFC (Ultimate Fighting Championship) #8 lightweight Matheus Nicolau have started earning their entire salary in cryptocurrency.
To date, several NFL (National Football League) players choose to receive their salaries in the form of cryptocurrencies such as Bitcoin. This was reported by the American magazine Forbes, which specializes in business and finance. However, NBA players are not far behind. Basketball players like Klay Thompson or Andre Iguodala (Golden State Warriors) receive part of their salaries in cryptocurrencies.
In the case of Argentine Lionel Messi, a large part of his salary at Paris Saint-Germain is paid in fan tokens. The American news agency Reuters commented that compared to his total salary (2 seasons of net income of 35 million euros per year), this amount is very impressive, which is around 1 million PSG fan tokens.
