Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

AFL’s inaugural NFT project sells out within 12 hours

Published 08/18/2022, 07:20 PM
Updated 08/18/2022, 04:30 PM
AFL’s inaugural NFT project sells out within 12 hours

On Wednesday, the Australian Football League (AFL) released its first set of limited-edition NFTs. The launch received a warm welcome despite the ongoing crypto slumber, selling out in less than 12 hours.

The AFL unveiled “Ripper Skipper 2022” through its AFL mint initiative, granting those on its “allowlist” access to buy one of the 3,800 packs reserved for the drop. The NFTs were priced at 34.39 USDC apiece, raking in over $130,000 in USDC for the AFL.

The Ripper Skipper 2022 NFTs features an audio and video collection of 78 significant moments and highlights from the 2021 Season. Each pack consists of three “moments,” with corresponding tiers in rarity – common, deluxe, and ovation.

In addition to the original NFTs, the AFL is also releasing limited-edition digital content. Participants of the first drop stand a 10% chance of getting an AFL Mint Genesis Ball (NYSE:BALL). Meanwhile, the wider public will have access to another drop on Aug. 24.

The AFL has plans to expand on the initiative and offer game day events, tickets, and opportunities to connect with players in the metaverse. Executive general manager of customer and commercial at AFL, Kylie Rogers (NYSE:ROG), said the association is looking to use the technology to make better fan experiences.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Through our AFL Mint brand, we will launch exciting new moments across our Men’s and Women’s competitions, plus celebrate past greats and other product releases that will bring a unique fan experience we haven't seen before.

The launch of the Ripper Skipper 2022 NFTs puts the AFL in tandem with other international sporting bodies that have entered the Web3 space. The NBA launched its marketplace NBA Top Shot in 2020, while the UFC created UFC Strike this February. Other Australian sporting institutions have also towed a similar path.

Continue reading on BTC Peers

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.