NFTs and Kenya’s Sports Industry
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
NFTs and Kenya’s Sports Industry: A New Era of Fan Engagement
In recent years, Non-Fungible Tokens (NFTs) have taken the art world by storm, with digital art selling for millions of dollars at auctions. However, NFTs have the potential to revolutionize other industries as well, including the sports industry in Kenya. NFTs offer a new era of fan engagement by creating a new level of interaction between fans and athletes.
NFTs are digital assets that represent ownership of unique items such as art, music, and now, sports memorabilia. Unlike traditional physical memorabilia, NFTs are stored on a blockchain, making them secure and unalterable. This means that fans can prove their ownership of a specific digital asset, such as a video clip of a specific play or a photo of an athlete in action.
The sports industry in Kenya is known for its passionate fans, and NFTs offer a new way for fans to interact with their favorite athletes and teams. For example, an NFT could represent ownership of a specific moment in a game, such as a game-winning goal or a record-breaking performance. Fans could then trade these NFTs with other fans or even use them to gain exclusive access to events or merchandise.
In addition, NFTs offer a way for athletes and teams to monetize their digital assets. For example, a team could release limited-edition NFTs of a memorable game or season, with a portion of the proceeds going to charity or the team’s development programs. Athletes could also release their own NFTs, allowing fans to own a piece of their journey and even participate in their success.
Furthermore, NFTs could help solve the problem of counterfeit memorabilia in the sports industry. With traditional physical memorabilia, it can be challenging to verify its authenticity, leading to a market flooded with fake merchandise. However, NFTs are unique and cannot be duplicated or altered, making it easy to verify their authenticity.
However, there are also potential challenges to the adoption of NFTs in the sports industry in Kenya. For example, there is currently a lack of understanding of how NFTs work and how they can be used in the sports industry. This means that education and awareness campaigns will be needed to help fans and athletes understand the benefits of NFTs.
Another challenge is the issue of accessibility. NFTs require a digital wallet and knowledge of blockchain technology, which may not be accessible to everyone in Kenya. However, this could be overcome by partnering with mobile network operators to create simple and user-friendly mobile wallets that make it easy for fans to participate in the NFT market.
In conclusion, NFTs offer a new era of fan engagement in the sports industry in Kenya. By creating a new level of interaction between fans and athletes, NFTs offer a way to monetize digital assets, provide proof of ownership, and even solve the problem of counterfeit memorabilia. While there are challenges to the adoption of NFTs, the potential benefits make it worth exploring further.
NFTs and Kenya’s Sports Industry
RUBRIC
QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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