HYPE Sports Innovation Launch “NFTs in Sports Series”
The NFT in Sports Series covers all the need-to-know info regarding NFTs from a sports perspective with HYPE sports Innovation president and founder, Amir Raveh alongside International TV Personality Daniel Cohen. Episode 1 – What are NFTs: If I had told you 100 years ago that I bought Mickey Mantle’s baseball card for $5,200,000, you … Continued
The NFT in Sports Series covers all the need-to-know info regarding NFTs from a sports perspective with HYPE sports Innovation president and founder, Amir Raveh alongside International TV Personality Daniel Cohen.
Episode 1 – What are NFTs:
If I had told you 100 years ago that I bought Mickey Mantle’s baseball card for $5,200,000, you would probably say I’m crazy and send me to the doctor for a quick check-up. Today, it’s very common to hear about people’s collectibles by their favorite artists and sports idols.
The big question is, can these collectibles become digital?
With the rise of blockchain technology and cryptocurrencies, many questions arise on what other products the blockchain can provide that will have an immediate impact on our lives. One clear answer has already created a big hype nowadays and they are called NFTs.
NFTs or Non-fungible tokens are basically digital assets that are unique and irreplaceable. A few examples for NFTs could be digital art made by a known artist, a digital highlight of a famous NBA moment, digital soccer cards, virtual real estate, and even the first-ever tweet posted on Twitter that was sold for $2,900,000.
A normal question that people come up with at this stage is “why would someone buy a digital picture or video if he can download a copied version to his computer?
To answer that, let’s dive into a similar question of why would someone want to buy an original painting by Picasso if he can print his own version at home?
Thanks to blockchain technology, we can create NFT’s that are individually unique and have a digital version of the “authenticity certificate” publicly stamped by the creator.
Learn more together with HYPE.
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