Skip to content Skip to sidebar Skip to footer

Key Takeaways

It’s World Cup time.
Unquestionably the biggest sporting competition on the planet, the World Cup is a truly global event. While this edition may be marred by human rights abuses and the corrupt nature in which it was awarded, 32 nations have nonetheless come together to decide who will reign supreme for the next four years.
Even within the world of cryptocurrency, the World Cup has an impact. There was Cristiano Ronaldo launching an NFT collection on Binance. While this would have been otherwise notable, it was buried in the news because it came amid Binance CEO Changpeng Zhao arguing with Sam Bankman-Fried on Twitter, which ultimately led to the scandalous collapse of FTX.
First Lionel Messi stealing Ronaldo’s limelight (what a goal that was against Mexico), and then Sam Bankman-Fried. The guy can’t catch a break.
Elsewhere within NFTs, OKX has launched an OKX Football Cup, a competition which allows players to mint NFTs and compete for prizes. While I have been critical of the NFT market for its lack of value as part of the flailing metaverse, I do love my football. 
And so, despite my current apprehension towards NFTs, with the option to mint free NFTs for three different teams, I decided to have a fun look and see which teams were best placed to win the World Cup.  Although, I should caveat, that these NFTs with OKX are not strictly free. Customers are still required to pay gas fees, which on Ethereum can be rather steep – and in fact put me off minting one myself. 
But as long as you mint before the group stage ends on December 3rd, you will be able to enter the competition, and the gas fee will be the only charge.
In deciding who are the best teams to mint, I first charted the odds of each team winning the tournament. For this, I pulled the bookmaker odds, as of Tuesday 29th November (this is before the resolution of the England/US group this evening).
At 27.4%, Brazil are deemed the most likely team to win the tournament. Personally, I’d love to see them do it. The national team of Brazil is nothing short of iconic, and having not held the trophy aloft since 2002, it would be nice to see them do it.
In fact, European teams have won the last four World Cups since Brazil beat Germany 2-0 in Yokohama, Japan in 2002. Italy were victors four years later in 2006 (courtesy of a Zinedine Zidane mental breakdown), Spain triumphed in 2010 as part of their utter dominance of international football, Germany beat Argentina in 2014 and France topped a plucky Croatian outfit in 2018.  
In truth, the answer to who to mint here is easy. It’s the top three favourites: Brazil, France and Spain. With their chances of winning numbered at 27.4%, 14.7% and 12.2% respectively, there is a 53% chance that one of the trio lifts the trophy aloft.
But where is the fun in picking the favourites?
My heart says Argentina, as it would be a joy to watch the little maestro, Lionel Messi, walk off into the sunset with the biggest prize of all under his arm. But having watched the Argentinians struggle mightily so far, their 10% odds of winning seem generous.
For me, in the absence of my own country from the tournament (Ireland) I’m cheering on the two South American nations. As a European, it’s nice seeing Spain, France and the likes playing well, but I’m ready to see the South Americans take back their crown. 
Deep down, I think Spain or France may do it, though. I don’t know why I don’t trust Brazil, as talented as their squad is. A knock to Neymar won’t help either.
But hey, who knows. That’s why we watch the games, I guess.  
Keep updated with our round the clock and in-depth cryptocurrency news
Please be aware that some of the links on this site will direct you to the websites of third parties, some of whom are marketing affiliates and/or business partners of this site and/or its owners, operators and affiliates. We may receive financial compensation from these third parties. Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services.
Risk Warning: Investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products (e.g. contracts for difference (“CFDs”) is speculative and carries a high level of risk. Each investment is unique and involves unique risks.
CFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money.
Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Past performance does not guarantee future results. Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Your capital is at risk.
When trading in stocks your capital is at risk.
Past performance is not an indication of future results. Trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Prices may go down as well as up, prices can fluctuate widely, you may be exposed to currency exchange rate fluctuations and you may lose all of or more than the amount you invest. Investing is not suitable for everyone; ensure that you have fully understood the risks and legalities involved. If you are unsure, seek independent financial, legal, tax and/or accounting advice. This website does not provide investment, financial, legal, tax or accounting advice. Some links are affiliate links. For more information please read our full risk warning and disclaimer.


Leave a comment