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How Web3’s Music Industry Can Embrace Web3's Technology

As Web3 has hit the mainstream this past year, it has brought sports and sports fans with it.

Crypto companies have pumped fortunes into naming stadiums and advertising behind home plate at baseball games.

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Meanwhile every major athlete, it seems, from Tom Brady to Megan Rapinoe has issued their own non-fungible tokens (NFTs).

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More ambitious are decentralized autonomous organizations (DAOs) for sports that could give fans a say over club management, player recruitment, the styling of sportswear, and even ownership.

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The big question going forward isn’t just how clubs and athletes can use Web3 to generate revenue and engage with fans. It’s what fans themselves might do with the technology to impact how sports are run.

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Few activities in life generate as much loyalty and excitement as sports. When participatory networks, like DAOs, harness that, the combination could be … game-changing.

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This post is based on this twitter thread.

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