Tokenized contracts, multi-signature wallets and traceable, searchable records bring transparency to athlete compensation and to individual or team revenue streams. Merchandise, licensing deals, TV syndication, streaming, parking income and concessions – all can be reflected with extreme granularity for all parties involved. This is Web3-driven transactional efficiency at scale.
Source: https://www.coindesk.com/layer2/sportsweek/2022/07/26/sports-picked-up-the-web3-ball-now-its-ready-to-run/?utm_medium=referral&utm_source=rss&utm_campaign=headlines