Opportunities And Threats In The Adoption Of Nft In The Crypto Sports Betting Industry

NFT of what is commonly known as a non-fungible token is cryptographic content similar to cryptocurrency and exists in the blockchain. Therefore, it is not possible to be copied or manipulated in any way. The use of NFT in patenting artistic and no artistic work is increasingly in adoption and can only be linked to the use of Bitcoin in sports gambling. To enhance the user experience and safety of the original content, most gambling sites are considering the use of NFT. The use of cryptocurrency in sports betting is exciting for players with the enhanced experience and the possibility for rewards and bonuses that come with the new model of gambling. Nonetheless, the adoption of cryptocurrency in sports betting is faced with several challenges.