Read sports and crypto news covering fan tokens, sponsorships, athlete partnerships, gaming crossovers, and Web3 sports initiatives.
FIDE and Ava Labs will work on creating chess products on Avalanche, including a historical game explorer and on-chain player rating system.
Monika Ghosh 2 min read 
Chiliz gets boosted by World Cup fever and the recent testnet for Chiliz Chain 2.0 for Web3 futureproofing.
According to a recent study, sports NFT market has doubled from $1.3 billion to $2.6 billion in 2022, and it is expected to see $41.6 billion by 2032.
According to the regulator, the advertisements were promotion of cryptocurrencies to the general public. Hence, it should contain clear warnings about the risks of such investments.
Socios.com acquired a 24.5% stake in Barca Studio with a $100 million investment to drive web3 innovation for FC Barcelona.
The NHL partnership with Sweet will offer a variety of digital collectible experiences to its fans, tradable in the marketplace
Several crypto companies have been forced to choose self-preservation over advertising, as the crypto market cap crashes to new lows.
VeChain's branding will be integrated into UFC assets and events, giving the blockchain marketing visibility across millions of UFC fans.
NBA sponsorships hit a record high thanks to crypto deals, reaching $1.6 billion in the 2021-22 season.
