4 min read

Issue 56: NFT Games, Cricket, Stats

Issue 56: NFT Games, Cricket, Stats

Here's your weekly review on what happened at the intersection of NFTs and Sports:

  • 🏈 NFL and Mythical to launch NFT-based game "NFL Rivals"
  • 🏏 Delhi Capitals becomes first IPL franchise to launch NFTs with FanCraze
  • πŸ“Š Monthly stats for the biggest sports platforms

Let's have a closer look! πŸ‘€

πŸ‘‹ Feel free to follow us on Instagram and Twitter for the latest news about all things NFT and Sports.

🏈 NFL and Mythical to launch NFT-based game "NFL Rivals"

"The NFL, NFL Players Association and next-generation gaming technology studio Mythical Games announced a partnership to launch NFL Rivals, a new NFL video game that leverages blockchain technology, on the Mythical Platform in early 2023. Delivering on the fantasy of being a team General Manager, this fun, easy to play game will allow NFL fans and gamers alike to compete against other GMs with their assembled player rosters and teams, building, leveling up and improving their lineup. In addition, fans will be able to own, collect and trade non-fungible tokens (NFTs) of their favorite players through this play-and-own game experience."

Source: NHL, Mythical

🏏 Delhi Capitals becomes first IPL franchise to launch NFTs with FanCraze

"Delhi Capitals announced that it has entered into an exclusive partnership with FanCraze, the cricket metaverse company, to issue digital collectibles and build Web 3.0 experiences. Delhi Capitals is the first IPL team to launch digital collectibles and NFTs. FanCraze’s marketplace went live in early February and has recorded substantive traction and high levels of fan engagement while it is still in early beta. FanCraze also announced earlier this week that it had secured the Official Associate Partnership of the BCCI with its sponsorship of the Women’s T20 Challenge. FanCraze launched ICC’s NFT program to kickstart the cricket metaverse. In addition to the ICC, FanCraze partners with Cricket West Indies (CWI), and a number of yet-unannounced marquee teams, leagues and cricket stars that give the company an NFT portfolio of more than 25,000 cricketers."

Source: Delhi Capitals, FanCraze

πŸ“Š Monthly stats for the biggest sports platforms

And here's another round of our monthly performance stats for the big leagues' NFT projects. Special thanks go out to Candy Digital, who provided us with the data of their MLB platform πŸ‘

The market has been two-fold in the recent month:

  • NBA Top Shot, NFL All Day and UFC Strike are down significantly, with total sales declining between 40% and 60% and all other numbers going down as well. Especially the 60% decrease in unique users for NFL is a bit concerning. It almost seems like their fan base explored the platform when it launched, but users can't be retained. The NFL is in the offseason and the NBA soon will be, so the outlook is not so optimistic
  • Sorare had a great turnaround month, after sales had declined in the month before. In May the platform saw more than twice the sales of NBA Top Shot, a very rare situation. Seems like the last weeks of the season did have their charm, but also here a potentially challenging offseason is about to start. Also Candy Digital's MLB platform had a good month, with a two-digit growth. Even more important to highlight: Total sales exceed the combined NFL and UFC sales, a great achievement. Also impressive is the 180% growth in the amount of transactions.

πŸ€“ Wrapping it up

So what have we learned in this week's issue?

  • The NFT gaming wave is in sight. When talking about use cases for NFTs one topic always comes up: Gaming. Why? Because the audience is seemingly such a good fit, being tech-savvy and used to purchasing and using digital items, as well as the gamification mechanism that many NFT projects are build upon. So it does not come as a surprise that more and more existing and new gaming offerings use in-game NFTs that can be bought, traded and of course used in the respective games. We expect a proper wave to be kicked off, once the business potential has made the round in mainstream media. NFL's endeavour shortly after DraftKings announced a football related NFT game is likely just the beginning.
  • The big sports platforms keep being volatile. With the overall market sentiment being a tricky one, and the crypto and NFT markets in a tricky phase, the decreased sales numbers for many of the projects was expected. Even better to see that both Sorare and Candy/MLB are still performing well despite the circumstances. However, it seems to be clear that the overall market needs a proper upswing in order to turn all those red numbers into black ones again. Let's cross fingers...

And that's it for this weeks issue! And as always: Feel free to reach out for feedback and to discuss all things NFT and sports! To stay up to date: Make sure to follow us on Instagram and Twitter for stats, drop announcements.