Cricketer Rohit Sharma in association with Faze Technologies announced his personal collection of non-fungible (NFT) chips on Friday on the digital collection website FanCraze. The collection will be inspired by memorabilia such as the 2019 ICC World Cup ICC Gold Bat Sharma won, and the ball Sharma used to pick her first IPL hat trick for the Deccan Chargers in 2009 against the Indians of Mumbai.
For those who don’t know, NFTs allow users to own rare digital artifacts through the blockchain network that supports cryptocurrencies. All art forms, tweets, music, GIFs and many other such digital assets can be owned through NFTs. The possibilities for buying and selling digital assets are endless.
Note that FanCraze has already signed a three-year agreement with the International Cricket Council (ICC) for the rights to its catalog of video and audio clips, which dates back to 1975. The company creates thousands of NFTs linked to clips , which cricket fans will be able to purchase in packs and trade in a secondary market, the statement added.
FanCraze CEO Anshum Bhambri said: “We regard renowned athletes as artists who create their best artistic moments on the playing field. We are very happy to partner with Rohit Sharma, a pure genius of cricket, to building the new paradigm of athlete-fan engagement.
“I can’t wait to share some of the best moments of my career with my fans. The FanCraze team is building the next generation of consumer experiences, and I can’t wait to experience the super cool HitMan NFT and 2D / 3D avatars. that they will be released in the coming months, ”added Sharma.
People bid thousands to own these collectibles, and some even sell for millions. A recent report from Cointelegraph found that people have spent over $ 9 billion on NFT sales so far, and total sales are expected to reach $ 17.7 billion by the end of 2021.
Meanwhile, not only collectors or investors but Bollywood stars like Amitabh Bachchan, Salman Khan, Sunny Leone are also jumping on the cryptocurrency bandwagon.
The recently launched NFTs by Amitabh Bachchan, which included his autographed vintage posters, a recital of his father’s famous poem Madhushala, were sold for around Rs 7.18 crore ($ 966,000). And Bollywood fashion designer Manish Malhotra’s NFT series of 5 digital sketches were sold for around Rs 2.8 lakh.