Women’s T20 Challenge
The Indian cricket board, which has a reputation for being sluggish to adopt new protocols, has now decided to examine using non-fungible tokens (NFT). FanCraze was announced as the Cricket Board’s official partner and accomplice for the Women’s Twenty20 Challenge. In the cricket metaverse, FanCraze is an organization. For a long time, the Board of Control for Cricket in India (BCCI) refused to accept NFT corporations as sponsors, and it also demanded that the Indian Premier League (IPL) setups “maintain the distance.” This happened at a time when the International Cricket Council (ICC) and its other component entities had begun to ask NFT groups to join through formal partnerships.
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- “One of the most intriguing features of it all is that it all began in India with women’s cricket.” It boosts fan engagement, something the women’s cricket community desperately needs right now.
- The BCCI is also in charge of organizing the Indian Premier League for women, and the time is ideal.
- This also gives NFT a platform to penetrate the country’s men’s cricket market, which is as huge as any game elsewhere in the globe, and this is an opportunity that has been made available to them as a consequence of this “remark on the sequence of events that follows.”
- FanCraze is an International Cricket Council partner and is actively preparing for the West Indies.
NFTs are digital assets connected to a sound bite, picture, or video clip, and their ownership is verified via blockchain technology. For sports organizations all across the world, the area has become an important money generator. Cricket Australia has just signed a long-term deal to distribute NFTs and engage in the advanced collectibles market. Any revenues created in this field must be divided between the participants and the alliance, according to all worldwide practices and rules in this industry.