The Future of Sports: How Web3 Technology Can Revolutionize the Sports Industry
10 min readFeb 23, 2023
Introduction:
Gavin Wood, a co-founder of Ethereum, coined the term “Web3” in 2014 [1]. Beyond its buzzword status [2], Web3 generally refers to an online ecosystem based on blockchain technology. It aims to enhance data security, scalability, and privacy for users and reduce the power of large tech companies.