The use of blockchain in the sports industry has increased dramatically recently. The dotmoovs platform rewards athletes for practicing and competing in games and tournaments in a process known as sports mining.
Blockchain-based sports betting has been a catalyst for the widespread adoption and use of crypto and blockchain in sports and esports. Now, with professional athletes being paid in Bitcoin, top-tier endorsements, sponsorships, and fan incentive initiatives, blockchain technology in the sports industry is beginning to thrive. Though this may not be obvious to all, soon, blockchain could play a major role in sports, entertainment, and esports. The number of blockchain use cases in esports has skyrocketed in recent months. Furthermore, this looks set to continue as mainstream crypto adoption grows exponentially sector-wide!