How NFT technology is used in the world game

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NFT
Image credit: Deemerwha studio via Shutterstock

With the digital era growing rapidly, crypto continues to be a popular currency which has seen the likes of non-fungible tokens (NFT) rise. They feature distinctive identification codes that cement its entire purpose to signify ownership of a virtual asset.

Being bought and traded online using cryptocurrencies, NFT games and collectibles have emerged into the world of sport and become increasingly popular for fans around the globe.

Polarys

Polarys enables athletes and clubs to launch tradable digital memberships powered by NFT technology to engage with the new generation of fans across the globe.

The platform is for athletes and sports clubs to create digital memberships which allow them to engage with their fans and give back to their community with exclusive rewards. Members can buy, use and trade their membership without any coding or web knowledge needed.

Polarys statement: Everything happens on our platform. Creators (athletes & clubs) can create digital memberships in a few clicks, without any coding or Web experience or expertise needed. Users on the platform can buy (or claim if free) memberships and unlock exclusive rewards (e.g. tickets to games, meet and greets, Q&A sessions, coaching sessions, voting for player of the game or season, tour of the stadium, give the kick-off of a game). The benefit for owners (creators) is to monetise your community in a new and engaging way, moving away from the monopole of often toxic social media.

The platform provides endless opportunities for athletes and clubs to engage with their community, especially with the new generation of fans that is online most of the time and is looking at alternatives to social media to engage with smaller communities.

This is a beneficial provider for clubs as digital presence and fan engagement is extremely important nowadays in sport. The more a club can sell themselves using their online presence the more revenue they can generate which is the ultimate goal of using an organisation such as Polarys to develop digital packages.

NFT Businesses

One of the most successful NFT companies recently is ‘Sorare’. Sorare produces and markets legally authorised player tokens or ‘cards’ that may be sold or used in online games in collaboration with major sports teams. Although a single Cristiano Ronaldo card sold for almost $100,000, most cards only cost a few dollars, and Sorare’s games provide weekly prize money in cryptocurrency.

Up until the end of 2019, Sorare was invite-only, but as soon as it became accessible to everyone, its user base immediately surged. In the first six months, sales totalled $350,000 and 70 football teams, including European powerhouse Juventus, signed on.

EA Sports, the company behind the FIFA video game franchise and Madden NFL, is the industry leader in digital sports games. With sales of almost $6 billion and a profit of $800 million

Compared to EA’s fanbase, which has 25 million players of FIFA 22 alone, Sorare’s price doesn’t seem outlandish considering its considerably quicker growth.

EA’s FIFA ultimate team or (FUT) can be seen as the original NFT, consumers buying and trading virtual cards which may have led to the inspiration of modern day NFT collectibles companies such as Sorare and Polarys produce.

Implementing NFT in our backyard

With the growth and success of this technology, the A-league could look to implement NFT’s in a bid to grow the game in Australia. A-league Fantasy Football exists, however the popularity of the game never took off compared to the likes of Premier League Fantasy and others. Introducing a set of A-league NFT collectibles may be an option which increases the online interaction between consumers and the league.

Ultimately, the downfall of NFT’s won’t happen anytime soon. With football organisations benefiting from new technology and progressing their club virtually, it seems as though this will stay a relevant as a part of the games off-field advancement.

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Referees to improve consistency with new UEFA guidelines

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Image credit: UEFA

In a meeting between Chief Refereeing Officers within UEFA and its 55 national associations, enhancing consistency and clarity underpinned the principle goals for the upcoming season.

Improving officiating

Referees – and particularly the usage of VAR – are often at the centre of post-match debates.

As the introduction of new technology into match officiating increases year-on-year, referees are in the spotlight more than ever before. The expectation was that more technology would decrease errors and controversy, but the opposite has proven to be the case.

Which is why the agreement and alignment between European nations marks a key step in the future of match officiating; the meeting between UEFA, its national associations and a representative of the International Football Association Board (IFAB) displays intention and commitment to ensuring future in-game decisions are clear, not controversial.

Meeting chair and UEFA Director for Refereeing, Roberto Rosetti, outlined why the agreement will have a vital impact on the future of European football, both domestically and internationally.

“The fact that all 55 national associations and UEFA have agreed on guidelines towards a more consistent approach to the application of the Laws of the Game marks a significant milestone,” Rosetti said.

“It will help improve the understanding of refereeing decisions among players, clubs and supporters and all stakeholders in the game.”

“For the popularity of football it is essential to remove all doubt from the game and ensure that the laws are applied with clarity.”

 

Limiting technology use

A widespread criticism of match officiating in recent years is the regularity with which VAR intervenes and interrupts match tempo.

The issue, however, is not that VAR can review decisions – in fact, this summer’s FIFA World Cup displayed an effective use of VAR during a case of mistaken identity, in which a player received a yellow card offence for a foul committed by an opposition player. In this regard, VAR was a vital part of ensuring a simulation offence did not go unpunished.

Frustration, however, grows when the use of VAR goes beyond checking “clear and obvious” errors. Lengthy replays, a multitude of angle-checking clips and the disruption of game flow all contribute to feelings of frustration among fans.

But recent amdendments aim to limit this in the upcoming season. VAR is an essential part of fair officiating, but responsibility must lie with the referee.

The new rules introduced by the IFAB are available here, with further initiatives to follow from UEFA in the coming weeks.

FIFA sparks widespread backlash with private investment proposal

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Image credit: BBC Sport

In a shock announcement made on Tuesday this week, FIFA revealed plans to create a subsidiary known as FIFA Forward Enterprise (FFE) to manage commercial and event operations for major competitions, including the World Cup. FIFA promises to reinvest all benefits back into the game, but the plan is receiving widespread criticism from governing bodies and governments around the world.

 

“Unleashing” football’s commercial power

Following the huge financial success of this summer’s FIFA World Cup, FIFA President Gianni Infantino indicated plans to “unleash the commercial potential and opportunity” at FIFA’s disposal.

Indeed, it appears Infantino is wasting no time in capitalising on the tournament’s success, which generated AUD 21 billion (USD 15 billion) for FIFA.

An eye-watering number. A tournament record. And, apparently, still not enough.

Tuesday’s announcement made clear the intention to bring commercial rights under a new subsidiary, FIFA Forward Enterprise (FFE). This, according to FIFA, could generate AUD 6 billion (USD 4.2 billion) of initial capital with all net benefits going back into grassroots and infrastructure development for Member Associations (MA) through the FIFA Forward programme.

The money would be raised by selling minority stakes in FFE to private third-party investors, although FIFA has outlined that it will retain “sole control of FFE”.

The venture has a reported valuation of AUD 29 billion (USD 20 billion), prompting questions and backlash from around the world over who will actually benefit from the finances – and whether anyone should benefit at all.

 

What are critics saying?

On the surface, the principle of generating more money for MAs and investing into grassroots, coaching, women’s and youth football is a worthwhile ambition.

Currently, each MA receives AUD 11.5 million (USD 8 million) per year from FIFA Forward. FIFA affirms that, should the proposal go through, this funding would increase to AUD 29 million (USD 20 million) between 2027-2030.

However, several governing bodies, including UEFA, Concacaf and the English FA, are adamantly fighting the plans.

“This crosses a line that football’s governing institutions should never cross,” UEFA said via an official statement on social media.

“The soul and governance of football are not assets to trade especially with zero transparency as to who gains financially,” UEFA continued.

“None of us are the owners of football. It is not FIFA’s to sell.”

Concacaf also expressed deep concern over the reports, citing a distinct lack of warning and due process from FIFA prior to the announcement.

“We share the disappointment of many within our region and the game that this level of detail has been designed and shared publicly before any discussion with the relevant governance bodies and stakeholders has taken place,” Concacaf said via official statement.

“As leaders within football, we are custodians of the game. Collectively, FIFA, the Confederations and every Member Association have a responsibility to always act in the best interests of the sport.”

Further concerns also centre around the company set to lead the proposed investor group – Thrive Eternal. Founded by Joshua Kushner, the brother of US President Donald Trump’s son-in-law, Jared Kushner, Thrive Eternal’s role in the venture opens the door to potential conflicts of interests – and emboldens criticisms that Infantino’s relationship with the US President is compromising his leading role in football’s international governing body.

 

Football was never about the money

Investing into the game is vital to football’s sustained future, especially for nations without the financial power to fund it independent of football’s governing body.

Nobody will argue that supporting the entire football pyramid – from grassroots to professional, men’s and women’s, youth and para, playing and coaching – should benefit from the financial might of the sport’s elite.

And FIFA is promising such benefits for all – arriving in the form of tens of millions of dollars – and stemming from third-party investors intrigued by the commercial value of the beautiful game.

But this is exactly where the venture’s flaws start to appear.

Rhetoric about increasing football’s commercial power following the 2026 World Cup leads the governing body down a slippery slope to a sport which prioritises money over integrity, due process and the fans who uphold it week-in week-out.

Football – from its very first beginnings as a working class sport – was never about the money.

Although modern commercialisation has turned clubs into businesses and players into tradable assets, everyone within the pyramid is a custodian of the game.

The game is not a product to sell – especially by those entrusted to uphold its integrity.

 

What happens now?

FIFA stated its intentions to only proceed with the venture if it receives support from the majority of MAs. While many are already uniting in opposition to the proposal, there are national governing bodies who have vocalised their support, including the Czech FA.

UEFA, on the other hand, is set to hold an emergency meeting with its 55 members to discuss a potential boycott of future tournaments.

But with a deadline of September 19 for MAs to accept the proposal, and the promise of a payment worth AUD 57.5 million (USD 40 million) if they do, the next eight weeks will reveal the future of the game and the nature of its global governance.

FIFA’s plan, although laced with promises of investment, development and growth for all, has instead kicked off a contest to save the game’s soul – or change it forever.

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