In the end, the talk is all about the money and the assets one holds. As time changes, the method of storing and buying assets is transforming. With the advent of NFTs, digitalized currency is not just popular but also a safe and sound alternative.
With several companies investing in it, the Premier League announces its involvement and license with the NFT. With other Leagues in the competition, the winner will settle at no less than 264 million Euros at a minimum. At the end of four years, it can grab up to 520 million Euro.
NFT can be anything in the world of the internet. It can include the player’s assets, art, music, and more. Changing the rulebook of the investments in hand, the Football leagues are giving tough competitions to other sports brackets surrounding the world of NFTs.
NFTs of Premier League comprises the players and their valuables, including the shirts, game balls, and everything that encompasses the game of football. The price of the assets varies with time and may or may not increase for a resell.
Last year Cristiano Ronaldo’s NFT went out to an individual at Euro 3,60,000. His shirt went to the buyer at 242,500 euros for the best. These assets do not stay with an individual. It also changes hands with time. Erling Haaland NFT, selling again at Euro 6,00,000, made the personal best from the past sale.
The net worth of the deal comes from the contracting party and the weight of the brand and name. It does not always depend upon the buyer and the investment ratio.
The craze for the sport calls in several potential buyers to whom the tokens mean a lot. It does not just benefit the Leagues with the funds. It also helps the buyer have an asset that can further liquidize as per the need.
The Premier League is already in talk with some of the potential contractors. It includes the French company Sorare and four more for the best shot. Regardless of the initial discussions, the League is sure to go with the provider that offers the maximum. They do not just look out for the League but also its buyers.
With tough competition, Premier League Football is one of the most popular games and a choice of several. As it ascends down the market of the NFTs, it is opening a new fund gate that will come with assets like no other!
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