The Near Protocol announced a partnership between the NEAR Foundation and the International Cricket Council (ICC) on Friday. This collaboration raises concerns about the increasing involvement of blockchain technology in traditional industries, particularly in sports. As the market continues to face regulatory challenges and uncertainty, the integration of blockchain technology into mainstream industries may lead to further scrutiny and potential setbacks for the industry.

The partnership between the NEAR Foundation and the ICC could potentially expose the cricket governing body to the volatile nature of the cryptocurrency market. This may result in negative consequences for the sport and its stakeholders, as the industry struggles to establish a stable footing amidst the ongoing global regulatory crackdown on cryptocurrencies.

In conclusion, while the partnership between the NEAR Foundation and the ICC may seem like a positive step for blockchain adoption, it is essential to consider the potential risks and challenges that the industry faces. The integration of blockchain technology into traditional industries, such as sports, may lead to increased scrutiny and potential setbacks for the market, as regulators continue to grapple with the implications of this emerging technology.