It goes without saying that cryptocurrencies and sports are starting to go hand in hand. We saw a wide range of partnerships between leading crypto platforms and some of the biggest football clubs around the world. As the cryptocurrency industry grows into a legitimate and regulated space, it is only natural to expect this relationship to only strengthen. First Eleven is a new digital marketplace and platform for crypto and football fans. The platform provides the latest football news, live scores, matches and brings together the worlds of crypto and football. By leveraging the power of blockchain, they create non-fungible tokens (NFTs) as part of their fan experience. These digital tokens allow fans to have both a user experience and a spectator, as well as certain rights that allow them to participate in the promotion. Users can even vote on football matches with a chance to win NFTs and F11 tokens – the native cryptocurrency that powers the entire ecosystem – it’s on both the Ethereum blockchain and the Binance Smart Chain. A closer look at the F11 platform Cryptocurrency is the fastest growing investment class in the world. On an annualized basis over the past two years, the crypto market has grown by 573% per year. Investors from the largest institutions to individual private investors can no longer ignore this sector. The F11 platform unlocks access to the blockchain and crypto markets for sports fans. It has evaluated its customer base and planned a tailor-made incentive structure. They will provide some additional features for NFT owners. This includes staking, which allows investors to stake their tokens and earn fantokens from their favorite team that is on the F11 launch pad. Located directly on the platform, the launchpad is designed to help football clubs develop their own NFT collections. This, combined with a pool on the F11 app to act as a liquidity provider, should help fund operations by borrowing from their fans via blockchain technology. Crypto and Sports Sport is a big business and has historically been one of the best investments in the world, especially over the past three decades. Investments in teams have produced some of the best returns in history. For example, the NBA’s Chicago Bulls were bought in 1985 for $16 million. They are currently valued at over $3.3 million. The San Francisco 49ers of American football were bought in 1977 for $13 million. They are now valued at $4.18 billion. This is something that sports and crypto seem to have in common. In the short history of NFTs, sports NFTs have already made a big impact. In football alone, countless digital trading card NFTs have sold for $100,000. These NFTs include the likes of Mohamed Salah, Kevin De Bruyne and Cristiano Ronaldo. Not surprisingly, ‘The Golden One’, a Lionel Messi NFT, sold for over $1.1 million. Lionel Messi. Image by Marca Sports fans are also a big market, and they want crypto if we jack up the numbers. Recent surveys found that 47% of sports fans stated they are familiar with cryptocurrencies, and another 27% of sports fans stated that they currently own cryptocurrencies. More figures include the fact that 66% of sports fans (who described themselves as avid) and 72% of those who bet on sports stated they are familiar with crypto. And if that weren’t enough, sports fans are about twice as likely as non-sports fans to say they are familiar with cryptocurrencies, according to an article from CNBC. 2022 and the F11 plans The First 11 platform is built for fans so they can get a premium fan experience. They have access to the top-level NFT collections of their favorite football clubs and players. F11 creates a community for football lovers. An elevated football experience with live scores, in-app games, an F11 Fantasy Champions League and fan engagement through their digital marketplace. The year will also reveal serious collaborations. SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to register and get $100 Free and 10% Off Fees on Binance Futures First Month (Terms and Conditions). PrimeXBT Special Offer: Use this link to register and enter POTATO50 code to receive up to $7,000 on your deposits.
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