The Most Anticipated Sports Event Worldwide

The 2024 Paris Olympics is currently in full swing, not only showcasing an exciting sports festival but also bringing more attention to related sports concept blockchain projects.

The development of blockchain encryption technology has also provided fans with new ways to interact with teams and athletes, enhancing their sense of participation and experience. In this article, we will introduce some blockchain sports projects (tokens) that may leverage the influence of the 2024 Paris Olympics.

Chiliz (CHZ)

Chiliz is a blockchain designed specifically for sports and entertainment, focusing on enhancing fan engagement through tokenization, allowing fans to interact and participate with their favorite sports teams and clubs.

Chiliz operates a blockchain-based sports entertainment platform called Socios, which enables major global sports entities to issue fan tokens. These tokens are designed to allow fans to establish closer and better connections with their teams through participation in club governance.

Since its establishment in 2018, Chiliz has rapidly integrated its technology into the fan interaction space by collaborating with sports teams and entities. The fan tokens supported by Chiliz provide supporters with opportunities to participate in team decisions, earn rewards, and unlock content, allowing fans to interact directly with their teams through voting, surveys, and various interactive elements.

The global attention on the Olympics provides Chiliz with an opportunity to highlight its fan tokens, which may generate more interest and adoption during the event. Chiliz can further enhance its influence in the global sports market by promoting Olympic-related content and interactive features using fan tokens.

Meme Coin - MGMES

MGMES (The Meme Games) is an Olympic-themed cryptocurrency that combines five Olympic meme coin projects—Dogecoin ($DOGE), Pepe Coin ($PEPE), DogWifHat ($WIF), Brett ($BRETT), and Turbo ($TURBO)—into a new purchasing and gaming experience that is both fun and potentially very profitable.

Due to its unique combination of competition, opportunities, and rewards, along with the global appeal of memes and the Olympics, the crypto community refers to $MGMES as the official meme coin of the 2024 Olympics. Essentially, this game is similar to a slot machine or roulette with Olympic/classic meme transformations, but players have a greater chance of receiving returns.

This innovative cryptocurrency not only capitalizes on the popularity of meme coins but also combines the global influence of the Olympics, aiming to attract a wide user base. As the 2024 Olympics approaches, MGMES may gain more attention and usage within the crypto community and a broader audience.

Star Player NFT Collectibles: NBA Top Shots

NBA Top Shots is a platform developed by Dapper Labs, known for facilitating the purchase, sale, and trading of officially licensed NBA highlights (also known as "moments"). Each moment is represented by an NFT on Dapper Labs' Flow blockchain, which is designed to support games, applications, and digital assets (such as NBA Top Shots).

This year's Olympics provides an opportunity for the popularity of sports collectibles and highlights, which may spark interest and interaction with platforms like NBA Top Shots. As global sports fans' attention and participation increase, platforms like NBA Top Shots will become an important part of the sports collectibles market, further promoting the adoption and application of NFTs in the sports industry.

Fan Tokens

Fan Tokens are tokens issued by various teams or clubs as a product of the fan economy, allowing token holders to participate in decisions related to sports clubs. Fans holding fan tokens can vote on team jersey designs, win match tickets, and gain opportunities to meet their idols.

Sports organizations typically issue fan tokens, which are a type of cryptocurrency that allows their supporters to vote on club decisions, access unique content, earn rewards, and participate in other fan interaction activities. Fan tokens are designed to engage fans in the governance process of their favorite clubs, enhancing their connection with the clubs. Notable fan tokens include Paris Saint-Germain (PSG), Juventus (JUV), Barcelona (BAR), and Manchester City (CITY).

Prediction Platforms

Polymarket is a prediction market where users can predict and bet on the number of medals, winning countries, and other aspects of the 2024 Paris Olympics. Such predictions attract significant attention from sports fans.

In the "Olympics" category of Polymarket, users can predict various Olympic-related events. For example, current predictions show that the United States has a 78% probability of being the country with the most gold medals at the Paris Olympics, while China has a 21% probability. The total amount for this type of prediction project has reached $1.54 million.

As the Olympics progress, prediction platforms like Polymarket are expected to attract more users and funding.

The 2024 Paris Olympics provides a unique opportunity for the integration of sports and cryptocurrency, promoting sports consumption and participation in a decentralized manner, and increasing fan interaction. These blockchain sports projects not only offer fans deeper engagement opportunities but also enhance the ways fans interact, making the connection between sports and the cryptocurrency space even closer.