Sports is an industry that keeps growing, with new players, new game modes, and different kinds of sports. Quite recently, gaming has also been added to the sports category called an E-sport. Countless people watch sports, many invest in memorabilia, and even more, people idolize their favorite players.

Each sport has its prime figure, and these sports people are the face of their game. Several people all over the world are avid sports fans. This can be because some of the teams or games represent their country. Each country or region is famous for a particular sport, like how Basketball is celebrated all over the US, the Indian cricket team is our nation's pride, and so on. However, when you bring NFTs into the scene, things get a bit more interesting as the sports memorabilia market is huge on its own but including the NFTs is a whole new ball game. 

Digital playing cards

We all knew of the Pokémon craze, where a single card would cost a fortune if it were a holographic one. Well, sports cards are similar. Old playing cards that had a renowned sports person in their rookie years would cost a fortune. These cards were called rookie cards, and they are now worth millions. Recently a rookie card of the basketball player Lebron James was sold for over 5 million dollars!

Despite the cost, several people were willing to buy these cards, but then came the problem of the fakes. When some things are sold at really good prices, people end up replicating them and creating fakes to pass them off as real ones to make a pretty buck. This is where NFTs come in; they end the loop of fake cards because the original one can only belong to one of them, and the originality remains.  One important thing to note is that even though you have a really rare card, someone else might have one too. In the case of NFTs, not only do you own something completely exclusive to you, but also something that is 1 of 1.

Memorable moments

Sometimes memorable moments are worth capturing, Like when Sachin hit his 100th century when Kobe Bryant scored that dancing free throw, and so on. These Iconic moments are worth capturing and remembering, and most of them are worth collecting. While this hasn't been done before, making sports NFTs of these memorable moments is possible.

These rare moments are recorded in time as some of the most incredible moments anyone and everyone would ever get to see in sports history. NFTs like these are incredibly rare as not only can this moment not be copied but also only one can have full ownership over this. Unbelievable as it is, it is something that a good deal of sports collectors would spend their time finding and buying. There are sports NFTs in the sports NFT marketplace where certain iconic items can be sold in the form of sports NFTs, like the Shoes that Kobe wore or the cricket bat that Dhoni last used.

Digital sports memorabilia - game used/worn

If one were to scour a sports-based NFT marketplace, one would find several items that hold significance to a particular sport. These Items are sports NFTs of various famous items that well-renowned sports people used. These play an important role cause they were there when an iconic moment or moment happened. So to consider that someone possesses the same game-worn jersey from the finals or the shoes that Michael Jordan wore, well, to say the least, they are priceless. 

While they might not be a physical asset, this digital asset will remain because most of these items are bound to perish over age. That goes on to point out that once they no longer exist physically, the only way that one could own it is by having an NFT, thus making it exclusive for the buyer alone. Sports-based NFT marketplaces that trade or have several cricket bats and game-worn shoes as sports NFTs are being sold at a ridiculous price. This shows how much of a big deal Sports NFT is. 

To wrap things up

So to summarize the content above, sports NFTs are indeed something that is highly collectible and investible. The reason they are so is for the exclusivity and the rarity. Several sports collectors are highly invested in collecting these NFTs as their physical version is perishable, and at some point, they would eventually disappear. Sports NFTs marketplaces are booming as of now as several sports Enthusiasts invest in these digital assets as the physical ones are way too difficult to obtain and even more expensive.

The primary reason these sport-based NFT marketplaces are significant is that while the physical assets of these sportspeople can be faked, NFTs can't. Several well-renowned sports memorabilia have been copied, and despite the several checks, there is a good chance that things could go wrong. The best part is that sports NFTs are exclusive to the item and the entire design itself because this is being purchased. It belongs to the owner. The company that creates these NFTs has no ownership, which is something that you can't find in regular sports memorabilia.