Co-founder of Reddit: The rise of NFTs token and trading card boom is going to be HUGE for women’s sports
Recently, NFT tokens – Non-fungible tokens – are increasingly emerging. Among them, some tokens have increased by several tens of percent on the day. And just as DOGE has the backing of Elon Musk, the NFTs token have also received great backing from investor Alexis Ohanian, the co-founder of Reddit and husband of tennis legend Serena Williams.
Reddit co-founder: The rise of NFTs token and trading card boom is going to be huge for women’s sports
He stated:
I’ve invested big in women’s sports, but the rise of NFTs and trading card boom is going to be HUGE for women’s sports. Save this tweet. Because as the tools/UX/UI get better and the market gets more efficient + liquid, women-as-investors in these assets will change the game.
— §AlexisOhanian 7️⃣7️⃣6️⃣ (@alexisohanian) March 6, 2021
Moreover, Ohanian is one of the few people who make the statement that when women invest in the NFT market and other cryptocurrencies, they change the game.
Although collections have so far focused primarily on men’s sports, Ohanian predicts that the NFT market for women’s sports collections will be even larger:
These markets are male-dominated right now. Women are undervalued, just as they are in other markets, despite actually having much more influence on dollars (bc women drive MAJORITY of consumer spending) + this foreshadows @comxcap future of investing too https://t.co/V4mMfJYwJM
— §AlexisOhanian 7️⃣7️⃣6️⃣ (@alexisohanian) March 6, 2021
Ohanian goes on to note that, it seems people are skipping half the world by not yet selling collectibles from women’s sports.
Even so, Sorare’s side was planning as Ohanian said. Plus, Ohanian is an angel investor at Sorare and it’s one of the big projects he’s working on with the company to bring women’s football to the platform. Currently, 18% of Sorare users are women, although the platform does not yet offer any collection of female athletes.
Like Ohanian, investor Mark Cuban also predicts that the NFT market will disrupt the sports collectibles market, along with the arts, music, and film industries.
He stated:
“This generation knows that a smart contract and the digital good it reflects or a CryptoAsset are a better investment than old school see, touch or feel uses.”
In February, a featured NFT clip showed a LeBron James dunk selling for more than $ 200,000 through Dapper Labs’ NBA Top Shot, an online platform selling NFT’s collectibles’ moments’. famous players. And that’s not just a one-off situation – NBA Top Shot has generated over $ 230 million in revenue to date. In terms of women’s deals, Dapper Labs is actively building experience for women’s sports, including the WNBA.
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