Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

Draftkings Marketplace Debuts Gamified NFT Collection in NFL

Published 12/08/2021, 04:58 AM
Draftkings Marketplace Debuts Gamified NFT Collection in NFL

DraftKings (NASDAQ:DKNG) has teamed up with the National Football League Players Association (NFLPA) to offer gamified National Football League player NFTs as part of its marketplace. The NFLPA announced the debut of a gamified nonfungible token, or NFT, collection on DraftKings Marketplace during the 2022–2023 NFL season, in conjunction with sports betting operator DraftKings Inc. According to the corporation, fans can play NFT-based games featuring their favorite NFL players beginning next year.

OneTeam, the NFLPA's official media business partner, aided in the agreement with DraftKings, providing them with the essential license rights to utilize active NFL players' names, images, and likeness. "The future of fandom is unfolding in front of us," Beth Beiriger, senior vice president of product operations for DraftKings Marketplace, said in a statement on the company's website. "Few organizations outside of DraftKings are as equipped to capitalize on the increasing intersection between sports and NFTs that will be cornerstones of engagement and entertainment within Web 3.0."

Also Read: Gravity Sport, a leading-edge NFT marketplace, becomes a second partner of Parma Calcio 1913

The DraftKings Marketplace launched its debut Tom Brady NFT collection in August, collaborating with Autograph, the NFT platform co-founded by Brady. Aside from NFTs, Brady showed his support for cryptocurrency by awarding a fan 1 BTC for his 600th touchdown pass. According to the statement, customers will be able to buy and sell items over the Polygon network and utilize them in games against other players.

According to Sean C. Sansiveri, general attorney and head of commercial affairs at NFL Players Inc., the NFLPA's marketing and licensing arm, the purpose of the DraftKings NFT experience are to "establish true connections for devoted fans." Recently, The NFL also announced a partnership with Ticketmaster to link NFT items to specific game tickets when they are purchased, highlighting the pro sports league's widespread usage of blockchain technology.

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

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.