Although cryptocurrency and football were not always the same However, the landscape has changed. Arif Elfendi is a businessman who is passionate about cryptocurrency who is also a football fan. He has been watching the integration of both areas with keen interest.
Football clubs have adopted cryptocurrency as a means of payment, be it for building or transfer.
Arif Efendi Fans are not left behind as they welcome the fan tokens that have been released in the broad trajectory of the industry of football.
https://www.eyupsultan.bel.tr/tr/main/pages/arif-mehmet-efendi/1178 With its huge potential and functionality, crypto uses are expected to extend across all industries due to the continuing rise in the integration of Artificial Intelligence (AI) and blockchain technologies.
Arif Efendi closely monitors the major issues that will influence the future of digital currency. Efendi examines the ways in which cryptocurrency is being used as a method of payment in the field of football.
He claims that cryptocurrency should be encouraged as the football industry is a huge industry with numerous marketing possibilities for footballers and their fans.
The first football club purchased using cryptocurrency. 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. Heritage Sports Holdings holds 25 percent of the stake in the club. It was achieved via Quantocoin.
Forbes reports that Rimini was bought by Heritage sports holdings.
The combination of blockchain technology and cryptocurrency is likely to play crucial roles in fighting corruption in football. This will make it easier to oversee professional sports teams as well as simplify administration procedures.
UEFA is determined to increase the transparency of its organization and to reduce inconsistencies that exist in the professional soccer industry.
UEFA used a blockchain method for allocating stadium seats in an event between Atletico Madrid and Real Madrid in a supercup final. The purpose of this was to test the viability of the method and increase the efficiency of crypto transactions.
https://www.thelondoneconomic.com/lifestyle/my-business/rethinking-hospitality-navigating-the-post-covid-era-with-arif-efendi-351510/ The first player to be paid cryptocurrency by a footballer
In 2021, the ex- Real Madrid super striker David Barral was the first footballer who was transferred using Bitcoin as a means of payment. Arif Efendi The bid was made in his transfer contract to Segunda BDUX Internaional of Madrid, being entirely funded with cryptocurrency.
The club did not explain why it chose the method of payment. Arif Efendi states that it was a historic event and that it will be the first of many.
International media paid attention to the development. This is a sign of the fact that digital currencies are the norm in all sectors.
FIFA is expected to launch an NFT platform for soccer Fans The most recent version which sat Arif Efendi's interest.
The International Football's governing body (FIFA) has announced that it will launch the NFT platform, which is ideal for offering digital collectibles. NFTs will continue to preserve FIFAs most memorable moments from the history of football.
https://www.newsanyway.com/2021/10/18/arif-efendi-donates-200000-to-norwich-university-as-a-testament-to-its-impact-on-his-life/ Algorand, a blockchain company is partnering with the NFT platform to facilitate tokens and offer exclusive information.
Arif Efendi You can represent football matches through digital collectibles that feature iconic images and artworks for FIFA Women's World Cup as in addition to the FIFA World Cup.
All football fans can collect collectibles as part of this announcement to help make the FIFA world cup more accessible. Fantom continues to improve and football fans are able to participate in new and old games in the same way as football memorabilia or stickers to heighten smooth accessibility to opportunities.
FIFA+ Collect, which gives access to soccer matches live across the globe, will exclusively be available via the FIFA+ federation virtual platform. Interactive games, tournament updates, information, and other relevant content will all be accessible to digital collectibles which were released in English, French and Spanish.
This is the second promise that is to make it easier for fans to enjoy seamless interaction with Algorand via web3.
Sponsorship of football clubs by crypto companies
Many crypto companies have signed deals with football clubs. To make it easier for investors to access financial markets, these companies collaborate with clubs. Arif Efendi clarifies that eToro has formed partnerships with European soccer teams in order to increase sponsorship agreements.
To broaden its investment options The global investment platform has announced twelve new sponsorship deals to UK as well as German teams. eToro intends to partner with Southampton and Everton, 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. Furthermore, the partnership will be extended to Danish Champions FC Midtjylland.
The agreements will give eToro global exposure, enabling multiple marketing opportunities, such as digital rights, tickets, and match day LED boards. Through these opportunities, people can access an online platform for investing in digital collectibles, whether as crypto assets or stock.
The companies sponsor clubs wearing football uniforms, including boots, jerseys and balls, which helps boost their reputation and make them more accessible to the market.
In addition, some of the top Forex brokers are promoting sponsorship deals with top league clubs as a method to boost the use of crypto. Arif Efendi The crypto firms are helping the clubs complete kits that comply with international standards, and are promoting their contracts.
Manchester United and Manchester City might be looking to sign sponsorship agreements with crypto-based companies. https://www.flickr.com/photos/arifefendi_sstp/ The change can be seen as sleeve-sponsored sponsorships expected to replace mobile companies and increase the usage of cryptocurrencies.
The new source of revenue is football fan tokens
Arif Efendi explains that fan tokens are an instance of cryptocurrency that is designed to provide benefits for football fans. fans tokens holders can enjoy benefits of membership. They can enjoy exclusive fan events, restricted edit merchandising, access to games, and voting rights. Voting rights can be utilized, for example, for making team decisions such as bus design and team's official motto, or kits designs.
Fan tokens can be bought only once, and therefore aren't necessary to be renewed.
Fan tokens are a fresh source of income and an opportunity for fans interact with their favorite football team.
The latest trends and technologies are driving the football industry and other sports to embrace new methods and new opportunities. The usage of cryptocurrency worldwide is growing and the football market is not an particular instance. Arif Elfendi believes crypto will explode across all markets. He is confident that there will be plenty of examples in the world of football in the near future.