NASHVILLE, Tennessee, Oct. 26, 2022 (GLOBE NEWSWIRE) — Based in Nashville Stax has partnered with “The Sports Professor” Rick Hollow to celebrate a revised and expanded paperback edition of his book. sports business handbook By creating a series of non-fungible tokens (NFTs) based on the book’s “Breakthrough Moments” list of the 50 most important sporting-related events that helped define the industry. This partnership marks another step in his development of Staks as a digital economy provider serving key components such as live music and sports venues, concession and merchandising, teams, athletes, performers and fans. I’m here.
A new market for fans
Staks CEO and Founder Scott Prager believes Web 3.0 digital assets are an integral part of the growing digital economy for fans and organizations alike. “The market is exploding and the music, entertainment and sports industries have huge potential for digital assets to take the fan experience to the next level,” he said.
Global research firm Verified Market Research report The NFT market value is projected to grow to $231 billion by 2030.
Staks partnered with studio TrashTalkArt to develop an original sports artwork collection and related NFTs covering several different disciplines. This includes Horrow Sports Ventures’ “Breakthrough Moments” list of the 50 most significant sports-related moments that changed the industry, TrashTalkArt’s “Rival Soup” series, NIL’s student-athlete-specific original artwork and his NFT Contains (name, image). , & likeness) for marketing purposes.
Sports professor Rick Hollow joins team
“The Sports Professor,” aka Horrow, is one of the most dealt companies in the sports industry, with over 100 deals signed and a combined value of over $20 billion. He is a popular instructor, speaker, writer, and commentator on sports business, law, and politics. Rick sports business handbook, Its contributors include over 100 leaders across the multi-billion dollar sports industry.
As a member of Staks’ advisory board, Rick helps guide and shape the company’s overall strategy and market approach. “Rick’s experience and understanding of the industry are great assets to Stax’s approach to the needs of athletes, organizations and professionals and how they are addressed,” said Prunger.
The future of the market and the role of Stax
UK-based research firm Juniper Research says: report Regarding industry trends, we estimate that the NFT market will grow from 24 million in 2022 to 40 million by 2027. Art and collectibles are projected to be a major driver of this growth.
Combining Staks’ cutting-edge mobile payment platform with digital wallets, Staks will create new patent-pending cryptocurrency and NFT solutions for a future where fan engagement is critical in both the sports and live music industries. is also created. To realize this vision, the company is offering novel ways for fans to show their passion, offering greater incentives than the market currently does with cryptocurrency rewards and digital collectibles. increase.
A cornerstone of the company’s approach to Web 3.0 services is to build on existing experience rather than inventing the wheel from scratch. This includes Stak non-fungible token stadium seats and tickets. By minting stadium seats and tickets into NFTs, Staks also ensures ownership authenticity and through smart contracts that ensure aftermarket sales royalties are always paid to the original rights holders. , return the money to the hands of the venue owners and operators.
Staks is a leading provider of innovative digital assets and mobile payment solutions to the sports, entertainment and music industries. Their mission is to provide participants with the ability to create a new and profitable digital economy while increasing fan engagement. Staks enables customers to remove friction, build trust and unlock new value with their fan base. Led by a talented team of software developers and architects, Staks combines his architecture and strategy experience in fintech, cybersecurity, mobile apps and AWS-based enterprise-level software.
If you want to learn more about the Staks platform, you can check it out at: www.stakspay.com
This content is Newswire.com Press Release Distribution Service.