Sports play a huge part in most people’s lives. When thinking about sports, what comes to one’s mind first? Sports by definition means an activity that involves physical exertion and skill in which an individual or team competes against another or others. Everyone must be aware of the physical advantages of participating in sports. The five elements of fitness — strength, speed, skill, stamina, and flexibility — are considerably improved. However, sports have benefits for people that go beyond only improving physical fitness.
Why is sports important in our life?
When you really think about it, there’s more to sports than just creating champions in fields and courts. Sports foster the development of leadership qualities, strategic thinking, and goal-setting. They also help build character. Early childhood sports, according to research, aid in enhancing children’s physical and mental development. Sport has benefited people of all ages for generations, fostering friendship, harmony, and happiness. The greatest benefit, though, might be the impact it has on children’s physical and mental development.
Even though they may not be avid sports fans, many parents encourage their children to participate in team sports because they understand the benefits of athletics for young people’s growth. However, the majority of parents are unaware that these advantages continue into adulthood, as there are several social, mental, and physical advantages to participating in sports.
Sports activity typically declines as people get older. Other things come into focus, such as relationships, travel, and studies. It’s a shame that playing sports so frequently gets relegated to the bottom of the list of priorities when doing so can have positive psychological effects. It is crucial to have sports connections and opportunities as adults since sports can have a significant impact on general well-being. It can help you manage stress, lessen anxiety and stress, enhance your cardiovascular health, and increase your physical stamina, to mention a few benefits. There are countless advantages to both physical and mental health that come with practicing sports as an adult that cannot be understated.
But in this new digital age, physical activities are rarely ever prioritized. How is technology making ways to change that?
Sports in the Metaverse
The sports market is a sizable one that is constantly growing. The value of the sports industry is currently estimated to range from $500 billion to more than $1.3 trillion. It encompasses a wide range of activities, from the food served at sporting events to multimillion dollar contracts between leagues and sports stars. This sector is rife with emotion from all angles, and with enthusiasm for sports comes a lot of large money. After all, one of the biggest businesses in the world is the sports industry. On and off the court, there are many important stakeholders in this industry, including athletes, clubs, leagues, federations, sports agencies, investors, and more. The vast industry that sports has developed is made up of all of these individuals and entities.
There is, however, a new frontier in sports that more and more people are taking interest in. As technology keeps expanding, sports have found a way to keep up with the trends. The emergence of new technologies, including the metaverse, has altered how sports fans interact with their favorite teams in recent years.
The metaverse has enormous untapped potential for sports, which is already manifesting itself in impressive ways. Sports Metaverses are now being used to create virtual stadiums where fans can watch matches and interact with each other and learn about their favourite teams and athletes. It can also be used to create a virtual training ground, where players can practice their skills.
How is LootMogul contributing to the Sports Metaverse?
LootMogul is one of the first movers of sports in the Metaverse. We can see how the metaverse can benefit sports and a new generation of athletes. One of the best characteristics that this new frontier may give the general public, as was already said, is how sports in the metaverse are revolutionizing the way athletes and fans can engage. Apart from that, LootMogul believes that the sports metaverse presents a fresh opportunity for athletes to develop their careers outside their respective fields by becoming sports influencers. This opportunity is not just exclusive for new athletes but also those who have hung up their sneakers and cleats. Retired athletes can utilize LootMogul and earn through NFTs.
LootMogul is an influencer-driven sports metaverse gaming platform. We have partnered with more than 180 professional athletes and are currently onboarding 1.5 million more from NBA, NFL, MLB, eSports, ICC, etc., and 1.5M+ high-school and college athletes. Through a play-to-earn paradigm, real-world benefits, experiences, and NFT collections, we hope to grow the Web 3 community by attracting Web 2 gamers and sports fans to the metaverse.
LootMogul is also in collaboration with sports apparel brands and are working together to bring fans unique retail experiences in the metaverse. You know those gift shops you are strategically led to after a ride in Disneyland? That’s something we wanna bring to the metaverse as well by building retail stores. Brands like Hoop Culture and DKS Apparel are building their own virtual stores outside virtual arenas and stadiums in the LootMogul Metaverse so after watching matches, everyone can easily shop merchandise and goods.
We firmly believe that this will revolutionize the sports sector. Sports leagues and teams nowadays are unimaginable without an online presence. Since we are all involved in it in some way, it is only natural that sports will become more prevalent in the metaverse. Fans can create avatars, purchase and wear sports apparel, celebrate sports with other fans, and, most importantly, watch games in LoopMogul’s virtual sports venues.
Where does that leave the athletes now that we’ve discussed how the sports metaverse would alter the experience of fans? LootMogul is granting ownership of the full metaverse commerce in addition to games to its more than 180+ athlete influencers. Arenas and stadiums are being built. Another thing the sports metaverse is redefining is that athletes can own stadiums and build their own training facilities and media hubs. We are accustomed to watching fitness videos at home. There must be at least one person in your life who engages in virtual training, whether it is through free YouTube videos, online fitness on demand, live streamed fitness classes, or virtual trainers. All of these are now also possible in the metaverse.
The Future of Sports Metaverse
The sports metaverse is already having a significant impact on society at large and is expected to continue growing even further. According to reports, the metaverse business is predicted to grow to over $800 billion by 2030. Companies already used this technology to organize virtual conferences and events. The metaverse will also majorly impact the products and services sports can offer. This varies from better viewing experiences, earning opportunities, and more. With blockchain technology and NFTs, there are a multitude of things the sports metaverse can make happen.
The creation of the metaverse will realistically still take several years to reach completion but many believe that it is already here. There are tech giants who have started to offer the playing of sports virtually through AR and VR but the sports metaverse is really more complex than that.
LootMogul is working towards hastening the on boarding of sports into the metaverse. We intend to create more than 200 virtual cities with real-world advantages, brands, and professional athletes on a platform that is truly cross-metaverse and blockchain (multi-chain) compatible across various platforms. Through the use of virtual “sports cities,” we plan to change the metaverse gaming environments and enable fans to interact with athletes, teams, and marketers.
About LootMogul
LootMogul is an athlete-led sports metaverse (web3 platform) where you can create and own your sports metaverse with real-world professional athletes from NBA, WNBA, NFL, MLB, Soccer, etc.
LootMogul is expanding the web3 community by bringing web 2 gamers and sports fanatics to the metaverse with a play-to-earn model, real-world perks, experiences, and NFT collections.
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