TL; DR
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The NFL Alumni Association helps veteran players make extra money by helping them launch collectible NFTs.
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By launching NFTs that depict on-field moments of retired players, the NFL Alumni Association can generate revenue for them.
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NFTs allow players to reach/sell to millions of fans, all within a few clicks! While the royalty splits are automatically paid out to the respective parties, after each first and subsequent sale.
Full story
Okay, get this…
The NFL Alumni Association helps veteran players make extra money by helping them launch collectible NFTs.
That sounds strange at first glance… but here’s the thing:
Of course, every NFL player’s name and likeness are valuable to some degree.
But not every retired player has a team of agents and managers working to get their faces on cereal boxes and in TV commercials.
By launching NFTs that depict on-field moments of retired players, the NFL Alumni Association can generate revenue for them.
That is cool! But why NFTs?
Simply put, they have low lift! Nothing needs to be printed, sent or saved.
Once the design of the NFT is determined and uploaded to a marketplace, everything else happens pretty much on autopilot.
This means players can reach/sell to millions of fans, all within a few clicks! While the royalty splits are automatically paid out to the respective parties, after each first and subsequent sale.
Is Web3 technology being used to lower the barrier to entry into a global market?
We’d love to see it!