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• 2020 was the breakthrough - NFT transactions tripled, reaching more than $338.04 million. • Today’s entertainment, sports, art, esports, and gaming industries are buzzing about NFTs. This includes musicians earning millions of dollars through releasing their own NFTs, to professional athletes launching their own NFT companies and sport clubs looking for opportunities to mint their own fan tokens. The market cap of NFT shows a fast-moving development, growing nearly ten- fold between 2018 and 2020. NFTs have rapidly gained popularity among athletes, artists, celebrities, and influencers as a way to digitize their brands or IP rights. Any fan, no matter if they admire a music band, a football team, or Harry Potter books, loves to collect merch and memorabilia, and won’t miss the chance to get to a Meet & Greet, a concert, or a match (as soon as the pandemic is over). Thus, it’s only natural that dedicated fans and collectors are so into NFTs. The new way of collection and fan experience. 1.2 Underlying problem People spend hours, every day, consuming sports through TV, online media, live matches and even travel to see sports' events. The global sports market is expected to grow from $388 billion in 2020 to $441 billion in 2021 at a compound annual growth rate (CAGR) of 13.5%. The market is expected to stabile grow on this rate. However, with the development and growth of the industry existing problems have become more and more obvious: • Lack of liquidity and supply: There are many transnational sports asset transactions, and the settlement process is complicated. Due to the problems of regional and market development, the global assetPDF Image | Blocksport NFT Platform Whitepaper
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