Opinion: James Newman, chief company affairs official at Chiliz
Blockchain’s awareness, especially for those outside the industry, was often driven first by stories of severe fluctuations and bad and speculative actors.
In the past months, this industry has controlled the novels about the rise and fall of subsequent memes such as hook, virusen and rituals. Weighting until 2021, and lacks real use, the tremendous noise around the NFTS (NFTS) has failed to translate into long -term success, with a medium NFT project today the shortest 2.5 times of the average encryption project.
For many, the attractiveness of these assets lies in their fluctuations, and turns a few dollars into a wealth overnight. While NFTS and Memecoins are an undeniable part of the Web3 culture, what supports projects, users keeps participants, and pushes the industry forward not fluctuations but providing real solutions to problems in the real world. In the end, it comes to benefit.
Benefit that pays stability
Many Blockchain projects fail because they are solutions looking for a problem rather than solving an existing problem. It is unlikely that the assets that do not provide any benefit at all are more than just a moment of flying speculation. While digital assets continue to push the boundaries of technological innovation, the human needs of the benefit and the concrete value remain constant. Moreover, the utility of digital assets enhances stability by converting the focus away from short -term speculation to a significant participation.
When assessing the stability of digital assets, its longevity is much more than short -term fluctuations. Volatility is rooted in encryption, but the precise measure of flexibility is whether the project can bear through market courses. The fan symbols showed this stability, while NFTS – despite its initial boom – struggled mainly Maintain a long -term value Beyond the speculative noise.
While Memecoins definitely generate noise, her longevity is transient. 97 % of Memecoins launched in 2024 has already failed. There are exceptions, of course, but the vast majority does not stop testing time.
On the other hand, sports clubs have been released for fans ’symbols since 2018, preparing both Taurus and Bear markets. Its flexibility comes from the benefit – the fan symbols are constantly evolving to re -imagine the participation of fans, making fans and clubs closer.
Solve problems, create value, and create longevity
The relationship between interest and stability is clear. Digital assets that solve the problems of the real world enhance sustainable adoption. Instead of attracting speculators who hope to get quick profits, brings assets that depend on user -based facilities who have a real need for the project or pay attention to it.
Stablecoins climb emphasizes the importance of benefit.
Hadith: AndSymbols offer stability – NFTS did not
Over the past six months, Stablecoin Marketization has grown from $ 160 billion to $ 230 billion. according to Despread searchIn 2021, there was 27 stablecoins. By July 2024, there were 182, a growth rate of 574 % over three years. the reason? Stablecoins provides users with a real benefit, whether you are a small commercial owner looking to deal across the border or a developer looking for liquidity for the Defi Financing Protocol (Defi).
Another indicator for the benefit of assets is institutional adoption. To make it frankly, Blackrock invest in Bitcoin (BTC). It provides BTC boxes (ETFS)-not Fartcoin-because institutions give priority to assets with a record in creating concrete value for their customers on short-term speculation filled with noise.
For sports fans, the emotional ties of their teams work deeply – even if they are not presented at the stadium of their team. Fan symbols Fill this gap and take advantage of this emotional contact by providing more ways to the masses to interact with their teams through direct participation and bonuses – regardless of their location in the world.
Whether voting on the team’s decisions or reaching exclusive deals or admired symbols for additional dedication or simply owning a portion of the digital identity for their team, the distinctive symbols provide fans with benefit through their life cycle.
The future of digital assets
To bring it a complete circle, the original Satoshi Nakamoto’s vision for Bitcoin was a problem solution: an unfair financial system. After 16 years, although many Blockchain technology applications, this remains the truth of the original.
The future of digital assets will be defined by its ability to solve the problems of the real world, which are recognized by the clubs themselves. That is why they are not only emitting fans icons – given their IP rights activity to boost confidence and credibility in the first place. When some of the world’s most famous sports brands adopt Blockchain technology in this way, this is a clear indication that the next era of fans sharing is not on the horizon – it is already here. We only start.
Besides the distinctive symbols of fans, Blockchain transforms the sports industry through multiple dimensions, as each situation has become increasingly interconnected. Take the last Tether investing in Juventus. The increase in the price of the distinctive symbol on the Juventus fan emphasizes the intersection of Blockchain and Crypto intersection deeply through investment, care and fans. Through Crypto sponsorship in sport that rises in 2024, this rapprochement will not accelerate except as clubs, championships and brands explore new ways to harness the technology of web3 – creating more richer and more interactive experiences while opening new revenue flows.
Opinion: James Newman, chief company affairs official at Chiliz.
This article is intended for general information purposes and does not aim to be and should not be considered legal or investment advice. The opinions, ideas and opinions expressed here are alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
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