Deloitte Predicts Sports NFT Sales Will Double For 2022 To Reach $2 Billion

Non-fungible tokens (NFTs) have been huge in the sports industry this year. According to Deloitte sports NFTs are not going anywhere, and that sports-related NFTs will account for more than $2 billion in transactions next year – nearly doubling this year’s figure.

The NBA Top Shot, the NFT-enabled digital makeover of NBA sports collectibles, has inspired other sports to launch their own marketplaces. With its most recent innovative partnership with Infinite Objects, it continues to engage sports fans all over the world. This partnership enables Top Shot owners to immortalize their favorite clips in the real world with officially licensed looping video frames from Infinite Objects.

Dapper Labs, which is behind NBA Top Shot, is now building a similar platform for the NFL. The football league doesn’t want to be left out of the NFT craze. This season, it is giving fans NFTs with their ticket stubs.

Sports NFTs To Explode

According to Deloitte U.S. sports practice lead Pete Giorgio predicts that by the end of 2022, up to five million sports fans will be into crypto collectibles.

“In a lot of ways, NFTs are just the beginnings of what can be done with both crypto and blockchain technologies. As organizations start to embrace those technologies, what else they do with it will be very interesting.”

Giorgio also spoke on how the sports industry will adapt to the internet of the future.

“I think sports organizations are actually some of the most adaptable organizations you’ll see. Once the industry understands the size of the opportunity, I think you’ll see them move quickly and embrace it…. When you start to see that pendulum swing, I think it will be breathtaking how quickly the industry pivots.