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Hype: The New Cryptocurrency of the Future of Sports 2022

The new digital cryptocurrency generates activity with great figures in the sports market.

The Woman Post | Carlex Araujo

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Recently a study published by Ariane Bucaille, global technology, media, and telecommunications industry leader at Deloitte Insights called "From Collectible Cards to Digital Video: Sports NFTs Bring Sports Memories into the Digital Age" by Pablo Lee, Teo Ajadi. Kevin Westcatt and Gillian Crossan revealed a good chance that fans will acquire their favorite sports moments through digital means and that tokens will be consolidated in the sports market. Data collected from the analysis indicates that Deloitte predicts that NFTs for sports media will generate more than 2 billion transactions by 2022.

Platforms test property rights models to determine the optimal balance. Like, the applications to acquire NFT in the sports industry will be limited to video clips and therefore, will be the value of each NFT.

NFTs generate additional revenue for sports leagues, teams, and athletes. However, those revenues declined during the COVID-19 health crisis. As the study indicates, NFTs are a great opportunity to improve relationships with fans. However, NFT evolves an additional category and includes digital versions, such as footwear, clothing, and sports accessories.

According to an article published by Summa Magazine, Ariane Bucaille, global technology, media, and telecommunications industry leader at Deloitte Insights, suggests that the COVID-19 health crisis accelerated the adoption of technology and increased our levels of connectivity in the digital world. However, the expert believes that there is a huge demand for chips that connect digitally and power all devices. That's why Deloitte Global estimates that venture capital companies will invest more than $6 billion in start-ups in 2022.

The figures in the report indicate that by the end of 2022, between 4 and 5 million fans will buy and have a gift card with collectible sports NFT.

NFT: the new door to the digital sports world

Raúl Sandoval, Head of Digital Growth at AB In-Bev for the Middle Americas, believes that NFTs are quickly becoming a novelty in the sports industry to create unique experiences and open new sources of income.

Angélica Valle, an independent Blockchain consultant, believes that digital assets find their niche and usefulness in football, revealing their potential in the future. The leaders linked football and blockchain technology to bring innovation to society.

The new cryptocurrency HYPE Tokens will be a boost for women athletes

Currently, the cryptocurrency Hyoe Tokens has a Supreme Finance price of $0.1733, according to CoinMarketCap's official website. However, the platform estimates that it could decrease in value to $0.1564 or rise to $0.1954 in less than 24 hours. In addition, the cryptocurrency is ranked 2814 with a total market value of the circulating supply of $19,168,604., it is estimated that the number of coins circulating in the market and public hands are 105,863,242.09 HYPE.

The Woman Post considers that the world of cryptocurrencies and digitalization is a positive benefit for women because it generates opportunities with good results. In addition, female athletes have the option to expand their knowledge and the possibility of generating extra income.

Forcefully, the world of technology is a trend that accelerates even more in the coming years and women need to be included and embraced. So, allow fans to have not only the possibility to register for male sports but also women's sports.