Australian Cricket Team To Launch NFTs

The team launches digital collectibles that feature some of the most memorable moments in Australian cricket.

NFT wins for Australian Cricket

Non-fungible tokens, also known as NFTs, are digital collectibles that keep ownership details in a secure online ledger. These digital collectibles have been recognized by many sporting teams and individuals as a way to enhance the customer experience for their brands. NFT is now available to the Australian cricket team. Cricket Australia (CA), and the Australian Cricketers Association(ACA) announced this news earlier today. Two organizations signed a multiyear licensing agreement with BlockTrust, a Singapore-based NFT trading platform and NFT platform Rario. The collection will be available on the Polygon platform. It is designed to promote eco-friendliness as well as sustainability.

NFT options for cricket fans

The NFTs will allow fans of Australian cricket to trade and own them. Digital NFTs offer a greater fan experience than traditional collectibles. They often include multiple modes of information, such as audio files, documentation, images and video clips. Global cricket fans were thrilled to learn about Cricketcrazy.io’s launch in September 2021. This marketplace is the first of its kind worldwide. Cricket Foundation, a Singapore-based company, also managed this initiative. The platform, which is blockchain-based, announced that it had partnered over 120 industry leaders, including VVS Laxman, Wasim Akaram, and Lance Klusener to launch the NFT marketplace.

CA Announces NFT Launch

Cricket Australia used Twitter to announce its upcoming NFT collection.

“Collectibles that tell the story of cricket, games where collectors play against one another, and trading card sets that act as visual coaching tools for young cricket fans are all options for engagement. The historic collaboration between Cricket Australia (ACA) will help the game grow and support past and current players by featuring their achievements as NFTs.

This announcement clarifies that the NFTs are not only tools for information about key moments in Australian cricket. They will also be able to trade cards and play off each other. Owners can also unlock an entire world of cricketing apps with the Rario Club by purchasing tokens. Although the distribution percentages of the NFT sales have not yet been disclosed, players will share the revenue. Marnus Labuschagne and Aaron Finch are two of the most well-known names in Australian cricket.

Disclaimer: This article is intended for informational purposes only. This article is not intended to be used for legal, tax, investment or financial advice.

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https://cryptodaily.co.uk/2022/04/australian-cricket-team-to-launch-nfts