Sports NFTs Are Taking Off and Could Be Worth More Than $2 Billion in 2022

Tim Bradmore
10.04.2022

The sports industry has been one of the most active sectors in terms of adopting blockchain technology and non-fungible tokens (NFTs).

And according to a new report by DApp.com, the sports sector is expected to generate $2 billion in revenue from NFT sales by 2022.

This would represent a ten-fold increase from the $200 million generated in 2020.

The report cites the growing popularity of digital collectibles as one of the key drivers behind this growth.

It also notes that major sporting organizations such as the NBA and UFC have already launched their NFT platforms, which are helping to drive mainstream adoption.

Other trends that are contributing to the growth of the sports NFT market include the increasing number of celebrities and athletes getting involved in the space and the growing interest from brands and sponsors.

So if you're a fan of sports, or just want to get involved in the burgeoning NFT space, it looks like there's plenty of opportunity for growth in this sector.

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