Shikhar Dhawan, an Indian cricketer, announced a partnership with Web3 metaverse startup WIOM and financial firm Bliv.Club to build the first sports city in the metaverse. It is planned to have a launch in September. The global sports market is anticipated to expand at a compound annual growth rate (CAGR) of 41.3 percent, from $354.96 billion in 2021 to $501.43 billion in 2022. At a CAGR of 9%, the sports market is anticipated to reach $707.84 billion in 2026.
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Key Points:
An online sports city:
Cricket stadiums, a sportsplex for watching games, a sports cafe, a gym, an e-sports area, cottages, running tracks, a first-of-its-kind 3D immersive sports museum, a sports library, an arena for other sports, and more will be found in the yet-to-be-launched multidimensional sports city.
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