3. Project Background
TDT is committed to creating a world where athletes and fans can enjoy sports as the protagonists of the to make sports more enjoyable for athletes and fans.
TDT is a sports digital asset company that creates a world where anyone can easily and enjoyably enjoy sports based on blockchain technology. We have been expanding the ecosystem of tamper-proof digital assets through blockchain technology to produce and share the tangible and intangible values of sports athletes as digital contents with sports fans in a more intimate way.
We started with 300FIT meta, a rewarded workout content platform, and have a successful experience in sports NFTs by producing tangible and intangible values of athletes into digital content. In 2024, we will launch TDT, a web3.0 sports league that allows athletes and fans to communicate and engage more intimately based on our IP, technology, and service know-how.
In the age of Web 3.0, the concept of data ownership is expanding.
In 2022, Web 3.0 has become a hot topic in various economic forecasts. Web 3.0 is the third version of the web, which is the evolution of the World Wide Web (www), which started with web browsers in the early 1990s, through Web 1.0 and Web 2.0, which added various functions such as e-commerce and SNS from the early 2000s, and Web 3.0 is the evolution of various services available through mobile. The evolution of the web, which changes organically as new technologies are introduced, can be seen as the evolution of data.
Since the early days of NFTs, the sports industry has been pushing the technology forward.
Early projects like NBA Top Shot helped establish the technology's credibility among early adopters. And stars such as Tom Brady and LeBron James played a pivotal role in increasing media and general public interest.
But it hasn't all been smooth sailing: some critics on social media have voiced their displeasure with the way sports and non-fungible tokens have become intertwined, and the recent "crypto winter" has devalued many non-fungible token collections.
While there is still a great deal of uncertainty surrounding the future of non-fungible tokens in sports, there is no denying that the technology has the potential to fundamentally reshape the relationship between athletes, leagues, and fans.
In many ways, NFTs and sports fans are a good fit for each other.
The NFT market hasn't had the best of times over the past few months, with many popular collections plummeting in value amid a widespread sell-off in crypto-related assets.
This has naturally raised questions about the long-term future of this still young technology.
Is it a speculative bubble, or can it live up to the promises of its Web 3.0 evangelists?
Sports has the ingredients for NFT success with an ecosystem of fans, passion, and betting.
However, there are reasons to be optimistic about the future of the market and the potential of the technology, especially when it comes to sports NFTs. Compared to other consumers, sports fans are more aware of NFTs and are more likely to have a positive opinion of NFT marketplaces and collections.
In the US, UK, Japan, and Brazil, 58% of sports fans are aware of non-fungible tokens, compared to just 49% of consumers overall. Of those fans who are aware of the technology, 51% can give a precise definition of "NFT," and more than half (54%) believe that NFTs have had a positive impact on their favorite sport so far.
The high level of awareness and interest in NFTs among sports fans is partly a reflection of the fact that these fans have had more time to familiarize themselves with the technology than others. Some of the earliest high-profile NFT projects, such as NBA Top Shots, were sports-related, and these early collections did a lot to raise awareness of NFTs among investment sports fans and set expectations for what an NFT collection should look like.Many sports fans also see NFTs as a way to bring new innovation to the sports they follow and the communities that surround them. 64% of fans believe that leagues, teams, and athletes could benefit from the influx of money into sports through the NFT market.
TDT's goal is not to get sports fans hooked on cryptocurrency, but to create a new form of entertainment and engagement through Web 3.0 technologies.
Last updated