When crypto met football
Tech Life
BBC
4.3 • 227 Ratings
🗓️ 10 December 2021
⏱️ 25 minutes
🧾️ Download transcript
Summary
Joe Tidy and Sarah Mulkerrins investigate the growing presence of cryptocurrency technology in the world of football. Some of the biggest clubs in the world are selling NFTs and their own cryptocurrencies, making hundreds of millions of dollars. But what's in it for fans? We speak to the millionaire collector who's buying up official Manchester City NFTs, and to the football fans investing in digital player cards changing hands for tens of thousands of dollars. Plus the company that’s signed up dozens of major clubs across the world to sell fan tokens. Buying them is supposed to make you feel more connected to your club, but are they putting fans at risk in the unpredictable crypto market?
Photo: Premier league champions Manchester City are one of the big clubs investing in the crypto world. Credit: Getty Images)
Transcript
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| 0:00.0 | On Radio 4, the more you listen, the more you see. |
| 0:04.7 | Hello, I'm Brian Cox. |
| 0:05.6 | And I'm Robin Ince, and this is The Infinite Monkey Cage. |
| 0:08.3 | In this series, we're going to have a planet off. |
| 0:10.8 | I feel like Jupiter wins. |
| 0:12.8 | And after all of that, we're just going to chill out a bit. |
| 0:15.9 | We're talking about your bog standard. |
| 0:17.8 | Ice, not the fancy one. |
| 0:20.1 | Science with funny bits. |
| 0:21.9 | The new series of The Infinite Monkey Cage. |
| 0:24.1 | Listen on Radio 4 and BBC Sounds. |
| 0:31.7 | Hello, this is TechTent from the BBC World Service. |
| 0:34.6 | I'm Joe Tidy from the BBC Technology Team. |
| 0:36.7 | And I'm Sarah Mulcahans from |
| 0:37.9 | BBC Sport and in this special edition of the show, we have teamed up to investigate the rise |
| 0:42.8 | of cryptocurrencies and NFTs in the world of football. That's right. The rise of crypto |
| 0:47.2 | products in football seems to be unstoppable. So we've been investigating the impact of this new |
| 0:52.1 | form of fandom. We are going to be finding out why they're doing it. |
| 0:56.1 | Who is really behind these products and whether or not this really is the future of football? |
| 1:00.5 | Here's the taste of what's coming up. |
| 1:02.0 | Everything you do is tracked and everything you do will have a rewards benefit to show that, hey, I'm a fan and I'm engaged. |
| 1:07.7 | My knowledge of Bitcoin, the crypto market is sketchy to say the least. |
... |
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