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Case Studies

Metaverse & Sports: How Virtual is Blending with Physical

Sporting passions have always transcended physical barriers. However, in the age of Metaverse platforms and digitization, this transcendence has taken on a new dimension.

Just as technology has reshaped our daily lives, the domain of sports too is experiencing an evolution evoked by this digital renaissance. The Metaverse has opened its virtual doors, signaling to sports franchises, athletes, and brands to explore its vast expanse.

We’ve seen the success of NBA Top Shot and the waves of Sorare. The Metaversal route doesn’t seem to be slowing down. This is supported by recent studies on Minecraft and Fortnite.

However, this is not to say that the younger generation is fully moving into digital. A recent study by Wunderman Thompson suggests that the Gen Alpha favors the perfect balance of both worlds. 

  • They understand the importance of the real world, real friends and relationships. So it would be a mischaracterization to assume the newer generation wants to live in the digital world.

NBA Top Shot | Officially Licensed Digital Collectibles
NBA Top Shot

Games like Fortnite and Call of Duty are capturing significant attention, leading to concerns about the future of traditional sports. On the other hand, history has shown that innovations often lead to the evolution of industries rather than their demise. 

The arrival of fast food chains, initially perceived as a threat to traditional restaurants, eventually steered the latter to elevate their offerings, transforming meals into experiences. Similarly, the Metaverse isn't an end to sports but rather an extension, offering sports a virtual playground to reach and engage with new audiences in new and innovative ways. 

Consider the Metaverse as an opportunity. It’s not just about attending virtual sports events or watching esports. The Metaverse can be a breeding ground for entirely new sports, blending the lines between reality and the digital realm. Though the commercial rewards might not be immediate, the trajectory of social media has shown that early adoption and adaptation to new platforms often lead to long-term gains. The metamorphosis is evident. 

Japanese electronics giant Sony made waves by acquiring Beyond Sports in 2022, aiming to elevate their sports gaming experiences. With this, they're not just enhancing virtual realities but are connecting them with real-world data, making these experiences even more immersive. Their other acquisitions, including Hawk-Eye Innovations and Pulselive, further underscore their ambition to blend sports with the virtual. 

Sony Corporation - Welcoming Beyond Sports Into Sony's Sports Businesses
Sony Beyond Sports

Cryptocurrency platforms aren't far behind. OKX, known for its focus on Web3, DeFi, and NFTs, recently forged a partnership with Manchester City football club. This partnership goes beyond traditional sponsorship and ventures, and creates a sports Metaverse experience, giving fans virtual interactions with stars like Jack Grealish and Alex Greenwood. 

LootMogul and Zetly are also redefining fan engagement. By constructing virtual cities for sports fans and creating a comprehensive platform for sport experiences, these companies are pioneering the blend of sports, blockchain, and the Metaverse. 

Then there's Sports Icon, which, with its digital collectibles and NFTs, is giving fans a tangible piece of the Metaverse.

Companies like Tobii and HeadVantage are leveraging technology to create unique viewing experiences, turning fans into virtual participants of the game. 

EE, the British telecom provider, is adding AR layers to sports, making Wembley Stadium not just a place for live games but also for augmented experiences. 

With every passing day, the boundaries of what's possible are being pushed. Partnerships, such as the one between NReal and Immersiv, showcase the future of sports broadcasting with AR and 5G technologies. 

Moreover, FIFA's collaboration with Algorand to launch NFT collectibles emphasizes that the world's most popular sport recognizes the value of this digital frontier. 

Brands are not falling behind in this transformation either.

Adidas and Nike, the icons of sportswear, are pioneering their own journeys into the Metaverse. Adidas, with its 'Into the Metaverse' NFT collection, offers both digital and physical rewards, blurring the lines between the two realms. 

Nike, on the other hand, has crafted its space in Roblox, named Nikeland. Here, fans can rock virtual Nike apparel, play sports, and even design alongside Nike creators.

Nike teams up with Roblox to create a virtual world called Nikeland
Nikeland in Roblox

And there’s Reebok, which has dipped its toes into the NFT world with its release of limited edition NFTs that represent some of their iconic sneaker designs. Each NFT comes with the possibility of unlocking real-world benefits, once again bridging the digital and physical spaces.

While not as extensively covered as Nike or Adidas, PUMA has also shown interest in the Metaverse. They've teased collaborations with popular NFT projects and are exploring digital fashion and virtual goods. Given the brand's history of innovation, more extensive ventures into the virtual world are expected in the future.

These are just a few examples, but it is evident that the marriage between sports and the Metaverse seems promising. 

Instead of viewing it as a challenge, seeing it as an opportunity can lead to a new, more inclusive era for sports. 

The game is evolving, and perhaps it's time for us, the fans, to dive into this new revolution and cheer both from the stands and through our screens.

Daddy Phill

October 30, 2023

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