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The Next Great Crypto Onboarding Event: Sports NFTs
Key Insights
- Sports NFTs are the intersection of sports cards and fantasy sports.
- There is a $30 billion market opportunity from existing fantasy / sports cards players.
- Sports NFTs bring an exciting value proposition compared to traditional systems for fans and teams.
- Existing platforms provide easier onboarding for users compared to conventional crypto, opening up the possibility to bring on hundreds of millions of users.
- Top Shot and Sorare were the forerunners, but NFL All Day and FanCraze (cricket) are joining the race and will accelerate growth in the industry.
- Deloitte estimates $2 billion in revenue this year alone from Sports NFTs.
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Tom is a Sr. Research Analyst at Messari. His primary focus is on Layer-1's as well as the relationship between traditional finance and crypto. Prior to joining Messari, Tom worked in Investment Consulting at Meketa and Investment Management at SSGA. Tom studied Finance at Bentley University and earned his CFA and CAIA Charters.
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