We are in the age of the non-fungible tokens development boom. non-fungible token represents a unit of data stored on the blockchain. Each NFT is a unique token.
Non-fungible tokens have a lot of benefits, especially in the art sphere. NFTs give ownership control over the specified asset. Moreover, they offer transparency and they serve as a new way of investing. But another domain where NFTs are widely used is the sports industry with the most prominent example of NBA Top Shot.
Exclusivity of owning NFTs related to their favorite teams or players plays a huge role for the fans. NFTs offer unique experiences such as buying rare items, photos from personal archives, and even a ticket to meet-and-greets. On the other hand, it gives new monetization opportunities for the athletes.
PixelPlex team has made a comprehensive table to clearly illustrate what items can be tokenized and turned into non-fungible tokens in the Sports Industry.