The Best Sports NFT Marketplace: Get in on the Fun and Even if You Are Not a Tech Wiz
The 21st century has been accompanied by rapid development in computer science and cyber technology. The internet, which was once reserved for only a few households, is now widespread.
Nearly every person in the world accesses it in some way or another. This development has led to many innovations, such as online shopping, streaming media, and, of course, online investment and stock trading.
But, with the ever-growing distrust of familiar financial institutions, many investors are turning to alternative sources of investment. Herein comes cryptocurrencies, NFTs, blockchains, etc. By now, most people are familiar with cryptocurrency.
It has entered the zeitgeist, and most investors (especially of the younger generations like millennials and gen z) are looking towards it rather than standard investment methods.
In this article, we would like to discuss non-fungible tokens, or simply put NFTs. NFTs are a new phenomenon and have been around for just over 6 years now. However, it is only recently that they have become a popular topic of conversation.
The popularity of NFT marketplaces is growing quickly, and some even believe that it will rival the crypto market in the near future. Whether that is the case or not remains to be seen.
What are NFTs?
So, before we get into the nitty-gritty, let us first discuss just what NFTs are. In essence, a non-fungible token is a piece of digital art, which is stored on a blockchain, much like cryptocurrency.
And like crypto, NFTs can be traded, bought, and sold. What separates them from cryptocurrency, however, is that each NFT is unique and identifiable, unlike a cryptocurrency token.
Sports and NFTs
Many might wonder, “What connection does it have with sports?”. Well, if we take a step back and look at a time past when millions of passionate sports fans of all ages used to collect and trade baseball (or any other sport) cards and other similar memorabilia.
At the time, many considered this a pointless endeavor or a mere hobby. Today, however, some of those cards are worth millions of dollars. And the same can be said to be true of NFTs.
For sports fans, think of NFTs as a modern-day digital baseball card (or any sports card), which can be stored on a hard disk or an e-wallet. They can be traded, sold, and bought just like sports cards, and eventually, their value might accumulate.
Best Sports NFT Marketplace
It is worth noting that, due to the sudden popularity of non-fungible tokens, many websites have popped up, and not all of them are reputable. For sports fans, the best bang for your buck can be found on NBA Top Shot, one of the premium Sports NFT marketplaces on the internet.
The most appealing aspect of NBA Top Shot is the flow blockchain, which makes it possible to charge lesser fees than the competition. If you are not a crypto investor, NBA Top Shot is one of the best and most accessible, as it accepts both FIAT currency and cryptocurrency.
NBA Top Shot places heavy emphasis on the mainstream, making it one of the most successful NFTs today, and with a steady stream of new releases, investors are very likely to get the best bang for their buck on NBA Top Shot.
The one criticism that many of its users have is the lack of a mobile app. Thanks to the increased availability of smartphones, the mobile app market is thriving, and many of NBA Top Shot’s users are clamoring for a mobile app of their favorite NFT marketplace.
There is no word from the company on whether or not a mobile app will ever be produced, but many are hoping for one in the future.
If you are trying to recapture that feeling of collecting sports cards but want a more modern approach make sure you give NBA Top Shot a go, as it is a great mainstream entry point for most of us.
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