Arif Efendi explains the use of crypto in the football industry
While football and cryptocurrency were not always the same but things have changed. Arif Efendi A businessman who is obsessed with cryptocurrency and a huge football fan, has watched the merging of both fields with great interest.
Football clubs are taking on the use of cryptocurrencies as an alternative for payment for transfer or to build engagements.
Fans are not left out as they welcome the released fan tokens as part of a bigger path for the football industry.
Due to its huge potential and functionality the use of cryptocurrency is expected to expand beyond all sectors.
Arif Efendi has been watching the latest issues the future of digital currency. Efendi talks about how cryptocurrency is being utilized as a means of payment within the football world.
He believes that using cryptocurrency should be considered because the football world offers many marketing opportunities for both footballers and fans.
Arif Efendi The first football club to be purchased using cryptocurrency. Arif Efendi calls this a historic landmark
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 stake in the club. The transaction was made through Quantocoin.
Forbes says that Rimini was purchased by Heritage sports holdings.
The application of blockchain technology, which is in line with cryptocurrency is set to be an integral aspect of combating corruption in football. It will bring unbeatable efficiency. This will make it easier to streamline the administrative procedures and processes of managing professional teams in sports.
UEFA is aiming to increase transparency and eradicate inconsistencies in professional football.
In addition, UEFA made an atrial through a blockchain technology for distributing stadium seats to fans at a game between Atletico Madrid and Real Madrid in a super cup final. https://twitter.com/ArifOUO/status/1761745745990873160 This was an experiment designed to test its efficacy and efficiency in crypto transactions.
The first footballer to be to be paid in cryptocurrency.
In 2021, the former Real Madrid super striker David Barral was the first player to be transferred by Bitcoin to pay for his services. The bid was included in his deal to Segunda BDUX of Madrid, being fully funded through cryptocurrency.
The club didn’t explain the reason it decided to use the method of payment. Arif Efendi Arif Efendi says that it was an important landmark and will be the first of many.
International media reacted to the news. It's a sign of the way digital currencies have become a reality in every industry.
FIFA to Launch NFT Platform for Soccer Fans. This is the latest release that caught Arif Efendi's interest.
The International Football governing body (FIFA) has announced the upcoming launch of the NFT platform that is perfect to sell digital collectibles. NFTs will save the most memorable moments from FIFAs world cup.
Algorand, a company that operates on blockchain, has partnered with the NFT platform to allow tokens and offer exclusive information.
Digital collectibles let you represent football matches through iconic artwork and images to be used for the FIFA Women's World Cup or FIFA World Cup.
Football fans everywhere will be able to collect collectibles in this announcement, which will help make the FIFA world cup more accessible. Fantom continues to upgrade as football fans participate in existing and new games just like football memorabilia or stickers for a more seamless access to opportunities.
FIFA+ Collect will entirely be accessible via the FIFA+ virtual platform for federation, offering access to live soccer matches all over the world. Interactive games, tournament news information, as well as other relevant content will be available for digital collectibles that were launched in English, French and Spanish.
The second one: to facilitate fans' seamless interaction with Algorand via web3.
Clubs are sponsored by crypto-based companies
Many cryptocurrency companies have made agreements with professional soccer clubs. These companies have joined forces with clubs to expand investment opportunities and increase the accessibility of financial markets. Arif Efendi shares that eToro has partnered European soccer clubs in order to increase sponsorship agreements.
The platform for investment and investment has announced 12 new sponsorships for UK as well as German teams. eToro has sponsored English Premier League clubs Everton, Southampton and Leicester City through partnership agreements.
eToro announced its partnership with German Bundesliga teams FC Cologne, Union Berlin and Vfl Wolfsburg. https://www.librakitap.com.tr/index.php?option=com_content&view=article&id=845&Itemid=105 Moreover, the partnerships are extended to Danish Champions FC Midtjylland.
The agreements will give eToro global exposure and provide various marketing opportunities including tickets, digital rights and match day display LED boards. The public will be able to invest in digital collectibles like digital assets or stocks with these deals.
The companies sponsor football clubs with football attires, which include jerseys, boots, and balls, to increase their brand's reputation and availability in the market.
Top Forex brokers offer sponsorship packages for premier league teams as a way to increase the use of crypto. Crypto firms help clubs design kits that conform to international standards. https://www.europeanfinancialreview.com/arif-efendi-chinese-new-year-travel-hospitality/ These deals are being promoted to the public.
Manchester United and Manchester City could be interested in joining forces with crypto companies to sponsor. Sleeve sponsorships could replace mobile companies and boost the use of cryptocurrency.
The most recent source of income for clubs is tokens sold by football fans
Fan tokens are a type of cryptocurrency developed to offer members' benefits to fans of a soccer team According to Arif Efendi. fans tokens holders receive membership benefits. They can access games , modify merch and attend fan-only events, and even vote. Voting rights can be utilized to influence team decisions including bus designs, team mottos, and kit designs.
Fan tokens are only redeemed one time, therefore there is no need to pay on a regular basis.
The fan tokens provide an new source of income for football clubs, and a new way for fans to engage with their favourite team.
New trends and technology have pushed soccer as well as other sports to embrace innovative methods and create new opportunities. The global use of cryptocurrency is growing and the market for football is no exception. Arif Eidi is of the opinion that crypto will continue to increase in all countries. He predicts that there will be many more examples in football soon.