New research article on the intersection of blockchain -based fan token and FIFA World Cup
Fan Token dawn:
The innovative power of the blockchain expands to sports enthusiasts around the world through fan tokens. Best sports institution like a football giant FC Barcelona To the legend of racing like Formula 1This Crypto Marvel has seamlessly integrated into a fan engagement strategy. Through these tokens, fans are not just passive spectators. They become stakeholders who have influenced the team’s decision and have the power to access exclusive benefits. By March 2023, it has reached the tremendous value of the fan token market 450 million US dollarsIntroducing the size of the phenomenon.
World Cup phenomenon:
Sports and emotions are always intertwined. This study indicates how emotional crescendo will lead to it. 2022 FIFA World Cup The evaluation of these tokens has been amplified. The tokens linked to the National Team, especially Argentina (ARG) and Portugal (POR), witnessed an exponential growth of 953 % to 1,038 %, respectively. This rapid increase is even more important if it is contained in the background of the bear’s cryptographic market and the spurning uncertainties due to the incident. FTX cryptocurrency exchange Collapse.
Light on the financial footprint of soccer:
Historically, the financial meaning of sporting events like the World Cup remained intangible because the representative team lacked the representative of the Stock Exchange. This paradigm shifts with the fan token, providing specific media to quantify the immediate financial effects of each game, each goal, each victory, or defeat.
Research Review:
New study Discover some attractive patterns:
Surprisingly increased expectations: The time leading to the game is witnessing a witness that reflects the optimism of the fan tokens pike, the optimism of the investor and the “expected effect”.
Imprein Dynamics: The riding comfort of a roller coaster in the game is reflected in a token price that decreases as the game develops, especially when the tension is full of half -time.
Influence: As the participants are actively involved in the market, victory will ignite the transaction volume, but the token prices are not affected, and fans are celebrating tokens. In contrast, the loss causes rapid sales because the stakeholders are in a hurry to settle the position.
Stability and fluctuations: High stakes games, especially knockouts, emphasize volatility. If you lose in an extremely important game, the value of the token can dramatically drop.
Wider landscape:![]()
the study It’s not just mapping the pattern. Provides strategic frameworks to various stakeholders.
For investors: Due to the volatility and possibility of fan token during a huge sporting event, strategic investment can lead to an advantageous opportunity.
For fans: Fan token is indispensable for fans to understand the complexity of this digital asset, beyond the euphoric (or loss) of the euphoria of supporting their favorite teams.
In the case of a cryptographic ecosystem: This study emphasizes the evolving aspects of cryptocurrencies and emphasize that sentiment and real world events may be as powerful as conventional financial indicators in promoting cryptographic evaluation.
The intersection of sports, fans’ passion, and cryptographic economy offers a unique area of opportunities and issues. This study emphasizes the role of a global event like a World Cup in the reconstruction of the fan token and the reconstruction of the cryptographic landscape. To dig deeper into these survey results https://doi.org/10.1016/j.ribaf.2024.102333。
Saggu, A., Ante, L. , And Demir, E. (2024). Evidence from the FIFA World Cup: FIFA World Cup loss in blockchain -based fan tokens. International business and financial research, Volume 70, Part A, 102333.