Sports NFTs: What are They and Why are They So Popular?

cryptonews.com:

Sports NFTs are a growing segment in the non-fungible tokens (NFT) market, enabling sports fans to collect digital trading cards, virtual memorabilia, and more.

Read on to learn what sports NFTs are, where you can buy them, and whether they are worth the purchase.

Sports NFTs are verifiably unique digital assets created on a blockchain to represent digital trading sports cards, sporting moments, digital memorabilia, and other types of sports items. 

The issuance of sports NFTs provides an opportunity for athletes, clubs, and sports brands with a new monetization avenue while enabling fans to connect with their favorite clubs and athletes in a new way.

For example, owning limited edition virtual memorabilia of one’s favorite basketball team or a rare collectible card of a favorite baseball player is something that a lot of fans are willing to pay good money for. As a result, sports NFTs are often trading for thousands and thousands of dollars (or more), and the value of some of the rarest pieces has increased substantially since they were minted.

There are numerous marketplaces where you can buy sports NFTs. Let’s take a look at two of the most active NFT marketplaces that sell sports-related NFTs.

OpenSea is the world’s leading NFT marketplace, enabling anyone across the globe to mint, sell, and buy a wide range of non-fungible tokens. From digital art and music to crypto collectibles and sports NFTs, the platform offers almost anything the NFT market has to offer.

Rarible is one of the leading NFT marketplaces where people can mint, sell, and buy a broad range of different types of non-fungible tokens. The “community-centric NFT marketplace” sells NFTs representing PFPs(profile pictures), art, domains, music, and more. You