What is web3 and how does it apply to sports and gaming?

Web3 refers to blockchain-based applications that are increasingly being applied to leisure activities like sports and gaming, allowing participants to engage, interact, play, watch, and earn in real-life while enjoying their favorite games. It offers potential for transforming how we play, follow, and interact with sports and games entirely by enabling new forms of participation and value creation.

How much is the web3 market expected to grow?

The global web3 market is expected to grow from $3.2 billion in 2021 to $81.5 billion in 2030, representing a compound annual growth rate of 62.8 percent. This explosive growth demonstrates the significant market potential and adoption of web3 technologies across various industries.

What are the main benefits of web3 beyond financial services?

While blockchain is well-known for financial services applications like payments and settlements, web3's potential extends to leisure activities such as sports and gaming where it can enable new ways of earning, engaging with communities, and interacting with content. Web3 offers incredible potential for personal growth, corporate expansion, and audience development in these sectors.

Will Web3 transform sports and gaming?