Sports has always been a big part of human society, with sports stars sometimes being catapulted to legendary status. History has a long list of famous sports personalities who have lived their lives as celebrities after putting their countries on the map of various sporting disciplines.
The Philippines is a proud sporting nation, with a rich history of sports personalities who have won many awards on the international stage. It is no surprise, therefore, that some of these stars are linked to the growing crypto movement which has been embraced by the Philippines authorities.
Crypto has become very popular in the Philippines, with online casinos, such as
Bet999 sports betting, which is being played by many of the country’s citizens. As such, sports stars in the country have also started to embrace cryptocurrencies.
Why Cryptocurrency Is Taking Over the Philippines
The cryptocurrency industry in the Philippines has seen a huge revolution in the past few years. It seems that not even the recent crypto crash was enough to dampen the country’s crypto enthusiasm. This has resulted in the Philippines being ranked as one of the world’s fastest-growing crypto nations.
One of the main reasons why crypto seems to be taking over the Philippines is the friendly crypto regulations that the country enjoys. The country’s government was quick to realize how important crypto might be in the future. It gave the industry its full support, making it easier for businesses and ordinary citizens to adopt digital currencies.
How Filipino Sports Stars Can Join the Crypto Industry
Sports stars have a very big role to play when it comes to shaping society and influencing people. Many people around the world would buy a particular brand simply because it has been endorsed by their favorite sports stars.
In this regard, Filipino sports stars have a whole generation of followers who look up to them and wait for their lead before venturing into unknown territory, such as investing in crypto assets.
In the Philippines, there are many different ways that a sports start can be a part of the crypto industry, such as:
- NFTs
Non-fungible tokens (NFTs) are unique digital tokens that are stored on a blockchain and cannot be replicated. These tokens can be anything, from music or art. Many celebrities have taken a keen interest in NFTs because they offer a different way for them to market themselves using the growing crypto market.
- Crypto Trading
One of the simplest ways to join the crypto revolution is through crypto trading on online exchange platforms. Although this requires some essential skills, if sports stars take the time to learn, they can soon be a part of the industry.
- Online Crypto Games
Another popular way of joining crypto is through playing online crypto games like dice or poker. There are many platforms available online, such as Bet999, where players can make a name for themselves while having a lot of fun in the process.
Boxing Legend Manny Pacquiao Leading the Way
One of the most easily recognizable names in the Philippines is that of Manny Pacquiao, the world-famous boxer. The legendary Filipino icon, known for his feats in the boxing ring, is now putting his gloves away and looking to become an investor, with the crypto industry catching his eye.
In December 2022, Pacquiao joined forces with rising NFT firms NFT One and START. This move was intended to bring the NFT experience to his millions of fans worldwide. Such a move is not surprising given that the former boxer loves to diversify, having once been a senator and businessman too.
His interest in NFTs dates back to 2018 when he launched the “PAC Token” NFT through the Singapore-based Global Crypto Offering Exchange (GCOX). Such a move by one of the country’s biggest icons is a huge endorsement for the crypto industry in the Philippines.
Race Driver Bianca Bustamante Joins Crypto
One of the Philippines’ rising sports stars is race driver Bianca Bustamante. The 17-year-old is a hero among many Filipino teenagers thanks to her skills behind the wheel, but she is showing that she has a business head too, thanks to her participation in the crypto industry.
In 2022, Bustamante announced that she would be launching her unique NFT project called The Dark Horse. This NFT is a sign that sports personalities are willing to try different career progression paths, in this case by investing in digital markets.
The Dark Horse was created to help young athletes who are trying to gain recognition on the tough international stage, which shows how useful NFTs can be. It consists of 2,000 NFTs available for minting, with the first 200 being offered at priority pricing.
Ex-NBA Player Renaldo Balkman Includes the Philippines in His NFT Collection
Although not a Filipino, ex-NBA start Renaldo Balkman has a huge following in the Philippines after having spent some time playing basketball in the country. In 2021, he launched his NFT series, which included items that were based on his time in the Philippines.
The tokens were launched on SolSea and OpenSea, both very popular NFT marketplaces. With a total of 46 NFTs up for grabs, Balkman decided to include 11 tokens based on the Philippines. His Balkamania Philippines NFT is one of the most popular, as it gives the owner signed memorabilia from the player, and a chance to meet Balkman in person.
The Future of Crypto Among Filipino Sports Stars
Although the crypto meltdown was a kind of blip in the growth of the crypto industry, with famous personalities, such as Manny Pacquiao getting involved, there is still a lot of potential in this industry.
Even the government of the Philippines has recognized the industry’s value, as can be seen by its unwavering commitment to supporting various crypto-based initiatives.
The Philippines has a long list of celebrated sports stars who could one day decide to be a part of the crypto industry too. As such, if you were considering joining this fascinating industry, now might be a good time to do so.
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