NASHVILLE, Tenn., Oct. 26, 2022 (GLOBE NEWSWIRE) — Nashville-based Staks has partnered with “The Sports Professor,” Rick Horrow, to celebrate the 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 50 of the most significant sports-related events that helped define the industry. This partnership marks another step in Staks’ evolution as a provider of digital economies serving key constituents including live music and sports venues, concessions and merchandise sales, teams, athletes, performers and fans.
A new market for fans
Scott Pranger, CEO and founder of Staks, sees Web 3.0 digital assets as an important element in the development of digital economies for fans and devices alike. “The market is exploding and the music, entertainment and sports industries have great potential with digital assets to take the fan experience to the next level,” Pranger said.
Global research firm Verified Market Research reports that the NFT market is expected to grow in value to $231 billion by 2030.
Staks has teamed up with studio TrashTalkArt to develop original collections of sports artwork and associated NFTs covering several different areas. This includes Horrow Sports Ventures’ “Breakthrough Moments” list of 50 of the most significant sports-related moments that changed the industry, the TrashTalkArt “Rival Soup” series, and student-athlete-specific original artwork and NFTs for NIL (name, image, & likeness) sales purpose.
Sports professor Rick Horrow joins the team
“The Sports Professor,” as Horrow is known, is one of the sports industry’s most prolific dealmakers, having engineered more than 100 deals with a combined value of over $20 billion. He is a popular instructor, speaker, writer and commentator on the business, law and politics of sport. Rick is also the lead author and editor for The Sports Business Handbook, whose contributors include over 100 executives in the multi-billion dollar sports industry.
Rick serves as Stak’s Advisory Board member to help guide and shape the company’s overall strategy and approach to the market. “Having Rick’s experience and understanding of the industry is a huge asset to Staks’ approach to the needs of sports players, organizations and professionals and how we meet them,” noted Pranger.
The future of the market and Stak’s role in it
British research firm Juniper Research published its report on industry trends, predicting that the NFT market will climb from 24 million global transactions in 2022 to 40 million by 2027. Art and collectibles are predicted to be heavy drivers of this growth, which Staks is. prepared to use.
Combined with Staks’ pioneering mobile payment platform and digital wallet, Staks is also creating new and patent-pending cryptocurrency and NFT solutions for a future where fan engagement is king in both the sports and live music industries. To deliver on this vision, the company is offering new ways for fans to show their passion by offering greater incentives than what the market currently does with cryptocurrency rewards and digital collectibles.
A pillar of their approach with web 3.0 services is to build on the existing experience rather than reinvent the wheel from scratch. This includes Staks non-fungible token stadium seats and tickets. By minting stadium seats and tickets into NFTs, Staks also puts money back into the hands of venue owners and operators with guaranteed authenticity of ownership and smart contracts ensuring that royalties for aftermarket sales will always go to the original rights holders.
About Staks
Staks is a leading provider of transformative digital assets and mobile payment solutions to the sports, entertainment and music industries. Their mission is to empower participants to create new and profitable digital economies while increasing fan engagement. Staks enables customers to remove friction, build trust and unlock new value with the fan base. Led by a talented team of software developers and architects, Staks brings combined experience in Fintech, cybersecurity, mobile apps and AWS-based software architecture and strategy to enterprise quality.
If you want to learn more about the Staks platform, you can do so at www.stakspay.com
Contact information:
Doug Brown
[email protected]
(615) 944-3200
Related files
Staks Sports NFT’s PR.pdf
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