Cryptocurrency During Big Events
Due to the upcoming World Cup in Qatar. It’s worth writing a few words about cryptocurrency during big events. In the beginning, it is worth mentioning that Crypto.com is the official sponsor. Of course, sponsor of the football championship in Qatar in 2022. A few words about this stock exchange.
Particularly, this exchange is currently the sixth on the list. I mean by terms of volume to be precise. This Exchange own Cronos token present on most of the leading cryptocurrency exchanges in the world. About the comparison of exchange tokens another time.
I will come back to the topic. After that the big scam of the FTX exchange. Do you remember it ?
People are cautious about investing in cryptocurrency exchange tokens.
Certainly, a large part of them lost their life savings, but not here.
So What About These Cryptocurrencies?
We are currently in a bear market in the cryptocurrency market. We are fast approaching the moment when the bear market will end.
Due to the ongoing football championship, the Qatar 2022 token has been launched, which can be an excellent opportunity to buy for the event.
Why should you do this?
However, without fully knowing the subject. It’s not worth investing too much money. About other ways to make money on the market another time.
Let’s come back to topic of cryptocurrency during big events…
Football and F1 Giant Tokens
Football and F1 giants issue their own tokens intended for fans. What tokens are we talking about?
It is worth starting with such tokens as the FC Barcelona team, Atletico Marid, Manchester City, or Paris Saint-German. It’s ending with the F1 Alpine token.
It should be constantly added that we are still in the early stages of cryptocurrency adoption, and the token business, NFT, is just in its infancy.
Without a doubt, NFT tokens are just born. In the beginning of 2021 you could see how dynamic growth it was, indeed.
Tokenization as Part of the Crypto Business
The cryptocurrency business is constantly evolving. Number of application increasing as well. Of particular importance to the crypto business is the digital world. Cryptocurrencies are an important part of it.
Tokenization of artists’ works, event collections, or a digital identity token is here and now.
Let’s take a look at how often NFTs (purchase and sale tokens using cryptocurrencies) were sought.
About the Adoption of Cryptocurrencies
The 2022 World Cup will contribute to the global adoption of cryptocurrencies. However, you should not expect that immediately. After the championship you will be able to pay with cryptocurrencies everywhere.
Many more years will pass before this happens. There is nothing to delude yourself with.
One way or another, during the championships, national team tokens will be bought more often and more willingly.
Big events like World Cup is supporting adoption. Cryptocurrency during big events can be little bit closer to everyone. It is worth returning to the topic of the global adoption of cryptocurrencies.
The graph presenting the current level of cryptocurrency adoption in the world.
The level of adoption of cryptocurrencies is 14% of the population. Mainly people interested in cryptocurrencies are in age:
18 – 34 (55%), 35 – 54 (36%), and 55 + (9%).
Undoubtedly, cryptocurrencies are the closest to innovative people. People whose are most open to new technology, i.e. people from generations X, Y, Z.
It can be speculated that people born after 2010 will be extremely interested in blockchain technology and cryptocurrencies. These people will have a very large impact on the mass adoption of cryptocurrencies.
Indeed, it could happen that the biggest impact on adoption will have generation Z, generation Alpha and Beta.
Using of Tokenization
Tokenization has found application in many areas. Using cryptocurrency during big events is one of them. Another ways are such as digital identity, licensing, game development, art, collecting, and digital hobbies. The year 2020-2021 was particularly successful for NFT. It’s is worthy to mantion that is was hossa peak on cryptocurrency market. Is this a coincidence?
The creation and dissemination of NFT products have achieved a strong upward trend. The amounts of money traded on stock exchanges blasting! They have reached huge amounts of trillions of dollars.
NFT entered the world of cryptocurrencies with a bang.
Due to such high demand, many places are just for trade only NFT products.
We are talking about such places as OpenSea, Rarible, SuperRare, or Mintable.
Binance itself, noticing a new economic branch of earning on cryptocurrencies. They opened a section dedicated specifically to it, Binance NFT, more about it here.
Something About NFT
NFTs are unique tokens. They have a limited amount and the ownership of their author is stored in the blockchain. NFTs are great for collecting tokens. Not forget, they can also be used as payment tokens.
NFT will certainly contribute to the development and adoption of cryptocurrencies in the world. We’ve already seen a lot of interest in the topic. There’s still a lot to discover !
NFT tokens and platforms have a bright future ahead of them. Maybe you should consider issuing your own personal brand token, or personal or corporate image online.
