Although cryptocurrency and football were at one time completely separate however, things have changed. Arif Elfendi is a businessman passionate about cryptocurrency who is also a football enthusiast. He has observed the integration of both fields with a lot of interest.
The usage of cryptocurrency as a payment method is becoming more well-known among football clubs.
Fans are not left out as they are embracing the fan tokens that have been released in the broad direction of the industry of football.
With its enormous potential and functionality, crypto usage is expected to span all sectors because of the ongoing growth in the use of Artificial Intelligence (AI) and blockchain technology.
Arif Efendi is watching closely the latest developments that are shaping the world of digital currencies. In this article, Efendi lays out how cryptocurrency is being used in the football industry to pay for.
He says the use of crypto should never be considered a negative because the football industry has a wide range of marketing options available to players and fans.
The first purchase made using cryptocurrency of an football team. An historic landmark, according to Arif Efendi.
In 2018, the Serie C Italian football club Rimini FC became the first soccer team in history to be bought in digital currency-cryptocurrency. The current 25% stake in the stake of the club is held by Heritage Sports Holdings, and it was paid through Quantocoin.
Forbes reports that the purchase of Rimini is an investment made by Heritage sports properties.
The use of blockchain technology in line with cryptocurrency is likely to become an integral element in combating corruption in football. https://filkom.ub.ac.id/pegawai/129/ It will provide unbeatable efficiency. This will make it easier to manage and processes involved in running professional teams in sports.
In the end, UEFA would like to improve transparency and reduce inconsistencies within the professional football world.
UEFA also tested a blockchain-based method to assign stadium seats to fans in the game against Atletico Madrid (super cup final) This was an experiment designed to assess its effectiveness and improve the efficiency of blockchain-based transactions.
Arif EfendiArif Efendi The first football player to receive cryptocurrency payments.
In 2021, the former Real Madrid super striker David Barral was the first footballer who was transferred using Bitcoin as a payment means. The bid was made in his transfer contract to Segunda BDUX Internaional de Madrid, and it being completely funded by cryptocurrency.
The club didn't explain why they selected this method of payment. Arif Efendi said it was an important landmark and it's the first of many.
International media paid attention to the change. This is a sign of the fact that digital currencies are now the norm in all sectors.
FIFA announces NFT platform for soccer fans. Arif Efendi is the first to notice this announcement.
The International Football's governing body (FIFA) has announced the coming launch of the NFT platform which is perfect to sell digital collectibles. NFTs will preserve the best moments from the FIFAs world cups.
The NFT platform has been partnered with blockchain firm Algorand to ease collections of tokens as well as provide comprehensive information which are exclusive with the limited edition.
Digital collectibles allow you to recreate football matches with iconic imagery and artwork for the FIFA Women's World Cup or FIFA World Cup.
All football fans can make purchases of collectibles under this announcement that will in making the FIFA world tournament more accessible. Fantom is constantly improving and football players are involved in both new and old games such as stickers and memorabilia from sports. Arif Efendi This gives them greater opportunities to access.
FIFA+ Collect, which gives access to live soccer matches across the globe, will exclusively be available via the FIFA+ federation virtual platform. Arif Efendi Games that are interactive, tournament news information, as well as other pertinent content will be available for digital collectibles that were launched in English, French and Spanish.
Another goal here is to bridge fans' seamless involvement using the web3-enabled Algorand.
Football clubs sponsored by crypto companies
Many cryptocurrency companies have made deals to partner with soccer clubs. They have formed partnerships with clubs to increase investment opportunities and increase the accessibility of financial markets. Arif Efendi explains the way eToro worked with European soccer teams to enhance sponsorship deals.
The world's largest investment platform announced 12 new sponsorships to support UK as well as German teams. The English Premier League clubs eToro intends to sponsor through its partnership deals include Leicester City, Everton, Southampton, and crystal palace.
eToro also announced that they will partner with German Bundesliga clubs of FC Cologne and Union Berlin, Vfl Wolfsburg and FC Augsburg. The partnerships will also extend to Danish Champions FC Midtjylland.
The deals will give eToro global exposure, enabling various marketing opportunities including digital rights, tickets, and match-day display LED boards. The public will be able to invest in digital collectibles like stocks or crypto assets through these deals.
The sponsors sponsor football clubs that wear football-themed attires, such as boots, jerseys, and balls, to enhance their brand reputation and to increase their marketability.
Additionally, some of the top Forex brokers are offering sponsorship deals with premier league clubs as a way of strengthening the use of cryptocurrency. Companies that use crypto help clubs create kits that comply with international standards. The deals are being marketed as exciting.
Additionally, clubs like Manchester United and Manchester City could be considering negotiating in sponsorship deals with crypto firms. The next step is sleeves sponsorships, which are expected to replace mobile companies and also increase the use of cryptocurrency.
The new source of income is the football fan tokens
Arif Efendi discusses that fan tokens are a type of cryptocurrency designed to provide benefits for football enthusiasts. Fan token holders get membership perks. These benefits include access to fan-only events as well as editing merch. For example, voting rights could be used for team decision-making like busses' designs and the team's slogan, or kit designs.
Arif Efendi Fan tokens can only be purchased at any time and are not necessary to be renewed.
Fan tokens are a fresh source of revenue as well as a means for fans to interact with their favorite football team.
The world of football and other sports is evolving to meet the new technological and trends. The use of cryptocurrency in the world is increasing and the football market is not an exception. Arif Elfendi thinks that crypto will increase exponentially across every market. He believes that we will witness more instances of this in the world of football soon.