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Football and cryptocurrency were once completely separate fields, however this has changed recently. Arif Elfendi is a businessman with a passion for crypto who is also a big football enthusiast. He has observed the merger of these two fields with great interest.
Football clubs are embracing the use of cryptocurrency as an option for payment, either for transfer or to build commitments.
Fans are also pleased with the non-locked fan tokens , which will allow for a broad trajectory in football.
Due to its huge potential and capabilities, cryptocurrency use is expected to extend beyond all other verticals.
Arif Efendi has been watching the latest developments that are shaping the world of digital currencies. Efendi discusses how cryptocurrency is used in the football industry as a payment method.
He is of the opinion that the use of cryptocurrency should be accepted because the football world presents many marketing opportunities to both footballers and fans.
The first cryptocurrency-based purchase by an football team. A landmark in history 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. Heritage Sports Holdings holds 25 percent of the club's stake. The process was carried out by way of Quantocoin.
As per Forbes stories, the purchase of Rimini is an investment an investment by Heritage sports holdings.
Arif Efendi The combination of blockchain technology and cryptocurrency is expected to play the biggest role in tackling corruption in football. This will make it easier to oversee professional sports teams and streamline administrative processes.
UEFA strives to enhance transparency and eliminate inconsistencies within professional football.
Additionally, UEFA made an atrial through a blockchain technology to allocate stadium seats to fans during a game between Atletico Madrid and Real Madrid in a super cup final. The purpose of this was to test its effectiveness and enhance the efficiency of blockchain-based crypto transactions.
The first footballer to be paid in cryptocurrency.
In 2021, former Real Madrid super striker David Barral was transferred to Segunda Dux International Madrid with bitcoin. It was fully supported by cryptocurrency.
The club did not provide a reason why they decided to use this method of payment. Arif Efendi claimed that this was a significant event that will be the first of many.
International media were attentive to the development. This is an indication of the fact that digital currencies have become an integral part of every sector.
Arif Efendi FIFA is set to launch NFT Platform for Soccer Fans. This is the latest announcement that has caught Arif Efendi's eye.
The International Football's governing body (FIFA) has recently announced the upcoming launch of the NFT platform which is perfect to sell digital collectibles. NFTs will help preserve the greatest moments from FIFAs world cup.
The NFT platform has been collaborated with blockchain firm Algorand to facilitate the collection of tokens as well as provide comprehensive information that are exclusive along with the limited edition.
Digital collectibles enable you to depict football games using iconic imagery and art to be used for the FIFA Women's World Cup or FIFA World Cup.
Football fans everywhere can gather collectibles with this announcement in order to make the FIFA world tournament more accessible. Fantom continues to improve as football fans take part in new and current games like stickers and sports memorabilia. This allows for greater opportunities to access.
FIFA+ Collect, which allows access to soccer matches live across the globe It will only be accessible via the FIFA+ federation's digital platform. Also, interactive games along with tournament information, news, and relevant information will be available with all digital collectibles that are launched in French, English, and Spanish.
This is the second commitment that is to make it easier for fans to enjoy effortless interaction with Algorand via web3.
The sponsorship of football clubs is provided by crypto-based companies
A number of cryptocurrency companies have entered into agreements to join forces with soccer clubs. These companies have partnered with clubs in order to boost investment opportunities and make financial markets more accessible. Arif Efendi says that eToro has joined forces with European soccer teams to boost sponsorship agreements.
To increase its investment opportunities The world's largest investment platform has announced 12 new sponsorship deals to UK as well as German teams. eToro intends to partner with the English Premier League clubs Everton and Southampton through partnership agreements.
As well, eToro has announced it will join forces with German Bundesliga teams of FC Cologne, Union Berlin, Vfl Wolfsburg, and FC Augsburg. The agreements will also extend to Danish champions FC Midtjylland.
These deals will allow eToro to gain worldwide exposure. It will also offer the platform for numerous marketing opportunities, such as digital rights, tickets and match-day display LED boards. Arif Efendi With these options, users will have a platform for investing in digital collectibles either as stocks or crypto assets.
Companies sponsor football clubs with their football gear (mainly boots and jerseys) to boost their brand visibility and marketing potential.
The top Forex brokers offer sponsorship packages to premier league clubs in an effort to increase cryptocurrency use. The crypto firms are helping the clubs complete kits that comply with international standards, thus promoting their contracts.
Arif Efendi Also, Clubs like Manchester United and Manchester City may be preparing to enter into their sponsorships deals with crypto-related firms. This is evident in the form of sleeves sponsorships, which are anticipated to replace mobile-based companies and expand the usage of cryptocurrencies.
The football fan tokens are the newest source of income for clubs
Fan tokens are a type of cryptocurrency created to offer members' benefits to fans of a soccer team as per Arif Efendi. Owners of fan tokens have membership benefits. They can enjoy access to exclusive fan events and the ability to edit merchandise. Voting rights can be utilized to influence team decisions such as the design of team slogans, bus designs and kit designs.
Fan tokens can only be purchased at any time and are not needed to be renewed.
Fan tokens can be the new source of income for football clubs as well as the fans have a fresh way to engage with their favourite team.
New trends and technology have pushed football as well as other sports to adopt new techniques and open up new possibilities. Arif Efendi The demand for crypto-currencies is increasing across the globe, and football is not an exception. Arif Elfendi thinks that crypto will continue to grow exponentially in every market. He predicts we'll see more instances of this in the football sector.
Here's my website: https://www.researchgate.net/profile/M-Efendi
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