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<ul><li>More cricket teams in India plan to join the world of crypto by launching fan tokens in the coming months.</li><li>Fan tokens give followers access to a number of membership perks, like having a say in club decisions, rewards, merchandise design and so on.</li><li>Teams within the <keyword id="6354831" type="General" weightage="20" keywordseo="indian-premier-league" source="Orion">Indian Premier League</keyword> (IPL) will reportedly be launching these tokens on Polygon, a blockchain solution based out of India backed by billionaire Mark Cuban.</li></ul>After soccer clubs around the world, cricket teams in India are getting ready to take advantage of the internet’s most recent fad — fan tokens. According to a report by <a href="https://economictimes.indiatimes.com/markets/cryptocurrency/cricket-and-crypto-polygon-based-ipl-fan-tokens-soon/articleshow/87189474.cms">Economic Times</a>, the next edition of the Indian Premier League (IPL) could see a flurry of fan tokens from teams participating in the tournament. Fan tokens are a subset of non-fungible tokens (NFTs). Fans can buy these tokens with non-digital money like the rupee or the US dollar to get certain rights or advantages when it comes to their favorite club. Simply put, a fan token lets followers have a say in club decisions -- or at least some level of influence. For clubs, it’s a way to get their hands on more capital, especially after the year of the COVID-19 pandemic where ticket sales were scarce and stadiums lay empty. It is unclear what kind of perks Indian fans will get for investing in their favorite cricket club. In the world of football, fan tokens give voting rights on kit designs, celebratory music, and other minor decisions. Sources said that it’s likely that most of these tokens will be powered by the Indian <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=article-editorial">blockchain</a> platform, Polygon, which has been gaining popularity, not just in India, but amongst NFT platforms worldwide. According to ET’s report, the first of these fan tokens might be available as early as December this year. Polygon’s co-founder, Sandeep Nailwal, also indicated that “interesting announcements” from the Indian sports community are expected to go public soon. <cmsannotation type="cmsannotation" annotationid="Cricket NFTs are not a new thing" comment="subhead" text="Cricket NFTs are not a new thing">Cricket NFTs are not a new thing</cmsannotation> To be clear, while the speculation around <keyword id="12365683" type="General" weightage="20" keywordseo="cricket-fan-tokens" source="Orion">cricket fan tokens</keyword> could be the industry taking advantage of the lull between the recently concluded IPL season and the upcoming World T20 Championship, they are anything but new. IPL teams like Kolkata Knight Riders, Royal Challengers Bangalore and Punjab Kings are <a href="https://www.socios.com/socios-partners/">listed as</a> partners on Socios, one of the leading platforms for sports NFTs worldwide. NFTs from cricketers have also been a burgeoning phenomenon. Collectible platform Rario <a href="https://www.techcircle.in/2021/10/18/rishabh-pant-newest-entrant-into-nft-craze-to-sell-digital-assets-on-rario">partnered with</a> Polygon back in August to launch the first cricket-focused <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite&amp;is_retargeting=false&amp;shortlink=BI&amp;c=site&amp;pid=Business%20Insider&amp;af_click_lookback=7d&amp;af_channel=Business%20Insider&amp;af_adset=article&amp;af_force_deeplink=true">NFT platform</a> in the country. Since then, blockchain platform Zebi <a href="https://www.techcircle.in/2021/09/15/cricket-foundation-launches-nft-marketplace-for-cricketing-collectables">has powered</a> Singapore-based Cricket Foundation, which was backed by cricketers VVS Laxman and Parthiv Patel. Wicketkeeper Rishabh Pant also signed on with Rario earlier this month. Polygon, the proposed destination for these fan tokens, is backed by billionaire and Mavericks owner Mark Cuban. It provides a solution that allows <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=article-editorial">NFT platforms</a> to reduce transaction fees on the Ethereum network, which at times has been <a href="https://www.businessinsider.in/cryptocurrency/news/ethereums-scaling-issues-strike-again-as-time-magazines-nfts-sell-for-30-times-their-price/articleshow/86490791.cms">exorbitantly high</a> when there are too many users.. Polygon has been used by many new platforms in India, like <a href="https://www.businessinsider.in/cryptocurrency/news/a-new-nft-platform-by-an-iit-bombay-graduate-wants-everyone-to-be-able-to-set-up-their-own-shop-online/articleshow/84610361.cms">NFTically</a> and Wall.app, and has also been adopted by global platforms like OpenSea. <cmsannotation type="cmsannotation" annotationid="NFTs gaining steam in India" comment="subhead" text="NFTs gaining steam in India">NFTs gaining steam in India</cmsannotation> The last two or three months have actually been great for NFT platforms in India even as the global hype around the tokens drummed down during the September lull. In August, Bollywood actor <a href="https://www.businessinsider.in/investment/news/coindcx-onboards-amitabh-bachchan-as-brand-ambassador-to-raise-crypto-awareness/articleshow/86773400.cms">Amitabh Bachhan</a> announced that he would be minting NFTs on a platform called BeyondLife.club. Superstar <a href="https://www.businessinsider.in/cryptocurrency/news/after-amitabh-bachchan-salman-khan-also-to-launch-his-nft-collection-with-bollycoin/articleshow/87015734.cms">Salman Khan</a> also joined the craze this month, promoting NFTs on a Bollywood-only platform called BollyCoin and short-video platform Chingari’s new crypto play. Even though regulations remain unclear, Industry experts <a href="https://www.techcircle.in/2021/09/23/from-bollywood-to-cricketers-nfts-catch-celebs-attention-in-india">have said</a> that many more celebrities are expected to join the fray, and conversations are ongoing at the moment. SEE ALSO: <a href="https://www.businessinsider.in/cryptocurrency/news/solana-is-the-bigwig-cryptocurrency-still-in-the-green-as-crypto-markets-correct/slidelist/87198481.cms">Solana is the only bigwig cryptocurrency still in the green as crypto markets correct</a> <a href="https://www.businessinsider.in/cryptocurrency/news/elon-musk-posts-a-raunchy-tweet-about-bitcoin-hitting-69000-and-the-crypto-community-loves-it/articleshow/87185865.cms">Elon Musk posts a raunchy tweet about bitcoin hitting $69,000 - and the crypto community loves it</a>

IPL teams are reportedly launching fan tokens, which will give followers a bigger say in club decisions

Cricket is jumping on the NFT bandwagon — here’s how fans can splurge on digital collectibles in the sporting world

<ul><li>Semi-fungible tokens (SFTs) are the underdogs of the crypto world.</li><li>They start out as fungible tokens and then provide value as a non-fungible token (NFT).</li><li>Minted on the <keyword id="2810876" type="General" weightage="20" keywordseo="ethereum" source="Orion">Ethereum</keyword> blockchain, SFTs are only just beginning to break onto the crypto scene with limited use cases.</li><li>Proponents argue that the flexibility SFTs provide could make them ideal for concert tickets or in-game purchases.</li></ul>There are normal tokens like Bitcoin, which are fungible. This means that one is exactly the same as the other. And, then there are non-fungible tokens (<a href="http://coindcx.com">NFTs</a>) like the Bored Ape collection or Beeple’s digital artwork that was sold for a massive $69 million, that can’t just be switched out for each other. And, then come <a href="https://nonfungible.com/blog/enjin-erc1155-what-have-become-of-you">semi-fungible tokens</a> (SFTs), which traverse between these two worlds. As compared to cryptocurrencies and NFTs, the concept of SFTs is still very nascent. What makes it unique is that the token starts off as a fungible asset and then transforms into an NFT. Imagine this. You bought a pen and put it in your pocket. At this time, it’s fungible. One pen of the same brand can be exchanged for another. However, an hour later you can command it to turn into a feather quill that remembers that used to be a pen and where the pen had originally been bought. That is close to how a semi-fungible token (SFT) behaves today, especially in the blockchain gaming universe. The flexibility in how an SFT behaves has opened new options in how cryptocurrencies can be used. SFTs have limited use cases as of right now but have begun to receive more attention in a world where NFTs are<a href="https://www.businessinsider.in/tech/news/we-talked-to-crypto-art-investors-to-figure-out-whats-driving-people-to-spend-millions-on-nfts-despite-no-guarantee-their-value-will-increase/articleshow/81605087.cms"> earning millions of dollars</a> for creators. <cmsannotation type="cmsannotation" annotationid="What is fungibility — fungibles vs NFTs?" comment="subhead" text="What is fungibility — fungibles vs NFTs?">What is fungibility — fungibles vs NFTs?</cmsannotation> A fungible item is one that can be replaced by another identical item with no practical difference. For example, a couple of ₹10 notes in your wallet, three copies of the same computer file, or ten identical milk packets are all fungible. At the other end are<a href="https://www.businessinsider.in/investment/news/what-is-non-fungible-token-nft-everything-you-need-to-know/articleshow/84754933.cms"> non-fungibles</a>, such as your vehicle or pet dog. They have specific identifiers that allow these items to be one-of-a-kind — memory or behaviour traits that mark them out as unique. In the context of crypto, Bitcoin or Ether currency is fungible, while a token of the<a href="https://www.businessinsider.in/thelife/news/leave-britney-alone-the-creator-behind-the-2007-viral-video-reflects-on-why-people-ignored-them/articleshow/82119826.cms"> “Leave Britney alone,”</a> video is non-fungible. <cmsannotation type="cmsannotation" annotationid="What makes an SFT possible?" comment="subhead" text="What makes an SFT possible?">What makes an SFT possible?</cmsannotation> Standards make it possible to communicate effectively. In the real world, examples include the definition of ‘what is a meter’ or how your browser displays text on this website. In the world of blockchain, each platform has a set of standards for how the tokens that live within the ecosystem will behave. Simply put, it’s the set of rules that define the nature of tokens. When it comes to SFTs, they are currently minted on the Ethereum blockchain and function as per the <a href="https://eips.ethereum.org/EIPS/eip-1155">EIP-1155</a> standardisation. In comparison, the <a href="https://eips.ethereum.org/EIPS/eip-20">EIP-20</a> standard is used for fungible ETH tokens and <a href="https://eips.ethereum.org/EIPS/eip-721">EIP-721</a> for non-fungible tokens. <cmsannotation type="cmsannotation" annotationid="What is an SFT?" comment="subhead" text="What is an SFT?">What is an SFT?</cmsannotation> SFTs are uniquely positioned, in that they begin circulation as a fungible item, and then become non-fungible. To understand this, consider a ticket to the final match of the IPL T20 cricket season. The ticket would be valued at a certain amount, and is interchangeable for any other ticket of the same match, of the same seating class. After the match is over, the ticket can no longer be used for entry to the stadium – but becomes a collector’s item instead, memorable for fans with a different value assigned to it. In other words, using the ticket turns it from being fungible to a<a href="https://www.businessinsider.in/tech/news/what-you-need-to-know-about-nfts-the-collectible-digital-tokens-that-are-selling-for-up-to-millions-online/articleshow/81199814.cms"> non-fungible token</a>. That is how <a href="https://enjin.io/blog/erc-1155-token-standard-ethereum">semi-fungible tokens</a> get their name. However, SFTs do not ‘expire’ in the same manner and switch fungibility based on ‘smart contracts’ pre-programmed into them by the SFT’s developer. <cmsannotation type="cmsannotation" annotationid="How are SFTs created?" comment="subhead" text="How are SFTs created?">How are SFTs created?</cmsannotation> SFTs are created by developers by purchasing Ethereum tokens and transacted by paying ‘gas’ fees, albeit at lower transaction costs than normal Ethereum tokens,<a href="https://docs.openzeppelin.com/contracts/3.x/erc1155"> according to</a> SFT proponents. SFTs are currently being <a href="https://www.gdcvault.com/play/1026193/Blockchain-Game-Development-and-ERC">tried out</a> in <a href="https://www.businessinsider.in/investment/news/the-metaverse-may-change-the-way-you-earn-money-shop-or-even-chill-with-friends-in-the-future/slidelist/86677906.cms">metaverse</a> game environments. Some game environments developed by<a href="https://blog.enjincoin.io/erc-1155-the-final-token-standard-on-ethereum-a83fce9f5714"> Enjin</a>, Horizon Games and<a href="https://sandboxgame.gitbook.io/the-sandbox/assets/what-are-assets/about-erc-1155"> The Sandbox</a> support the use of SFTs.<a href="https://nonfungible.com/blog/enjin-erc1155-what-have-become-of-you"> Games may have both</a>, fungible items like in-game currency — gold bars or game-dollars — as well as non-fungible objects like collectibles and weapons. This way, the SFTs underlying the game let players trade for example, game-dollars for weapons, or vice versa. <cmsannotation type="cmsannotation" annotationid="How SFT usage helps game experience, players and developers" comment="subhead" text="How SFT usage helps game experience, players and developers">How SFT usage helps game experience, players and developers</cmsannotation> As an in-game example, you may see a token that begins life as an NFT that can be harvested to obtain ten game dollars that function as fungible currency. The player may then trade that currency to others or buy a flintlock musket, turning it back into an NFT. As the player advances to level 45, the musket could turn into an assault rifle. These changes aren’t due to external instructions, but dictated by the SFT’s inbuilt ‘smart contract’ as created by the developer. The way a token can morph, lends itself to ‘converting’ old games for an online multiplayer world, with assets/currency trackable by the game developer allowing for more control - as against the <a href="https://www.youtube.com/watch?v=W39TtF14i8I">unbridled inflation seen in older MMO games</a>. Depending on game mechanics, the same token might have a different value to users when traded in currency form or when in rifle form. The SFT mechanics described above lead to a lower cost for both developers and users/players, compared to using the older EIP-721 NFTs type. Consider the free <a href="https://metaversal.banklesshq.com/p/bored-ape-mutation-madness-">‘mutant serum’</a> that was given to some paid holders of the ‘Bored Ape’ NFT. That action worked like a stock buyback - it was an additional cost for the developer, <a href="https://blockonomist.com/article/mutant-ape-yacht-club-a-reward-to-the-ape-holders-with-an-entirely-new-nft-took-bayc-on-the-success-board/470">pushed up the price</a> of the ‘free’ serum and its base NFT, and inflated prices all around. By contrast, SFTs being used for the same purpose could allow for a more stable in-game economy. &lt;does this para help illustrate? Is it too much maybe?&gt; <cmsannotation type="cmsannotation" annotationid="SFT versus NFT" comment="subhead" text="SFT versus NFT">SFT versus NFT</cmsannotation> The biggest positive in favour of semi-fungible tokens, is that they are able to retain their ‘fungibility’, until transition to NFT and vice versa, as explained above. When in NFT form, it can ‘remember’ history or attributes. In a game for example, it could remember that the DJ console you purchased must work as a level 89 item, and used to belong to these three other players. An SFT in NFT form could still provide<a href="https://www.expensivity.com/how-non-fungible-tokens-work/"> advantages of NFTs</a>, of being verifiable, indivisible and indestructible. For<a href="https://docs.mocktailswap.finance/"> app developers</a>, the advantage of bundling tokens, using a single smart contract for a token that is both fungible and NFT, as well as faster transaction times, serve as an argument to give the technology a chance. The flexibility of semi-fungible tokens currently offers a lot of<a href="https://ethereum.stackexchange.com/questions/76793/how-many-projects-are-there-which-implement-erc1155-standard"> opportunities to developers</a>, <a href="https://medium.com/opensea/now-open-erc-1155-marketplace-816257ab0da7">content creators</a> and sponsors of projects. There is a waiting period for regular users and investors however, since publicly accessible marketplaces, DApps and metaverse environments are yet to open the SFT floodgates. SEE ALSO: <a href="https://www.businessinsider.in/investment/news/crypto-fans-can-now-own-land-on-mars-even-though-international-space-laws-would-disagree/articleshow/87188733.cms">This Ethereum-based metaverse is letting crypto fans own land on the Red Planet, even though international space laws would disagree</a> <a href="https://www.businessinsider.in/cryptocurrency/news/most-expensive-bored-ape-nft-sells-for-2-7-million/articleshow/87162740.cms">Bored Ape NFT sells for $2.7 million, making it the most expensive in Yacht Club collection</a> <a href="https://www.businessinsider.in/investment/news/mariah-carey-backs-bitcoin-in-a-new-partnership-with-the-winklevoss-twins-gemini-crypto-exchange/articleshow/87158641.cms">Mariah Carey backs Bitcoin in a new partnership with the Winklevoss twins’ Gemini crypto exchange</a>

Semi-fungible tokens — coins that travel between the worlds of cryptocurrency and NFTs

<ul><li>Rario has raised $120 million in a round led by Dream Capital.</li><li>This strategic alliance will give Rario access to the 140 million user base of <keyword id="3189938" type="General" weightage="20" keywordseo="dream-sports" source="Orion">Dream Sports</keyword>.</li><li>Rario claims to have sold over 50,000 NFTs to sports fans across 20 countries.</li></ul>Dream Capital — the investment and mergers and acquisitions (M&amp;A) arm of Dream Sports — has taken its first step towards the Web 3.0 space with investment in a cricket non-fungible tokens (NFTs) platform Rario. Rario has raised $120 million in a round led by Dream Capital. This strategic alliance will give Rario access to the 140 million user base of Dream Sports and its subsidiaries <keyword id="6214644" type="General" weightage="20" keywordseo="dream11" source="Orion">Dream11</keyword>, DreamSetGo and KheloMore. Alpha Wave Global (previously known as Falcon Edge Capital) participated in the round. Animoca Brands, Presight Capital and Kingsway Capital are also investors in the company. Rario was founded in 2021 by Indian Institute of Technology (IIT), Delhi alumni Ankit Wadhwa and Sunny Bhanot. It claims to have the largest share of <keyword id="12324661" type="General" weightage="20" keywordseo="cricket-nft" source="Orion">cricket NFT</keyword> rights globally through exclusive partnerships with 6 international cricket leagues and a roster of over 900 cricketers. The company recently signed one of the world’s largest cricket NFT deals, a multi-year exclusive partnership with Cricket Australia and the Australian Cricketers’ Association to create an Australian cricket metaverse of collectibles and gaming. NFT is a digital asset that represents internet collectibles like art, music, and games with an authentic certificate created by blockchain technology. Rario claims to have sold over 50,000 NFTs to sports fans across 20 countries with the USA, UK, Australia, and India as its top four markets. “Cricket is the 2nd largest sport in the world with more than 1.5 bn [billion] fans globally. NFTs are creating new forms of engagement allowing fans to own and trade digital collectibles. Rario’s global cricket NFT ecosystem will be further strengthened by the 140M [million] sports fans on Dream Sports,” Ankit Wadhwa, cofounder and chief executive officer (CEO) of Rario, said. SEE ALSO <a class="tout-title-link" href="https://www.businessinsider.in/stock-market/news/tata-steel-tata-elxsi-hcl-tech-nestle-india-and-other-hot-stocks-on-april-21/slidelist/90971002.cms">Tata Steel, Tata Elxsi, HCL Tech, Nestle India and other hot stocks on April 21</a> <a href="https://www.businessinsider.in/sustainability/article/indian-livelihoods-turn-less-green-sharp-decline-in-hiring-green-jobs-over-the-last-five-years-compared-to-the-global-average/articleshow/90971775.cms" data-type="tilCustomLink">Indian livelihoods turn less green! Sharp decline in hiring green workforce over the last five years compared to the global average</a>

Dream11’s parent marks its foray into Web3 by investing in cricket NFTs startup Rario

<ul><li>The partnership will allow Sachin fans to own his digital collectibles with multiple utilities. </li><li>NFTs are a class of digital assets that use blockchain to track asset ownership and transfer. </li><li>Aaron Finch, Faf Du Plessis, Quinton de Kock, Shakib Al Hasan, Rishabh Pant, <keyword id="7567" type="General" weightage="20" keywordseo="Virender-Sehwag" source="Orion">Virender Sehwag</keyword> are already on the platform. </li></ul>Indian cricketing legend <keyword id="6354267" type="General" weightage="20" keywordseo="Sachin-Tendulkar" source="Orion">Sachin Tendulkar</keyword> became the latest cricketer to join the non-fungible token (NFT) bandwagon by partnering with digital cricket collectibles platform <keyword id="11906986" type="General" weightage="20" keywordseo="RARIO" source="Orion">Rario</keyword> on Thursday. This partnership not only involves Sachin as a strategic investor but also allows fans from around the world to own his digital collectibles exclusively on Rario.com, the company said in a statement. NFTs are a class of digital assets that use blockchain to track asset ownership and transfer. The partnership allows fans from around the world to own his digital collectibles with multiple utilities exclusively on Rario. “Fans are an integral part of any sport. While the on-field action happens for a few hours, fans carry the memories forward and immortalise those moments forever. It is exciting to see NFT technology bringing fans closer to sports, giving them an opportunity to treasure their favourite moments”, Tendulkar said. Many cricketers are already on the Rario platform including Aaron Finch, Faf Du Plessis, Quinton de Kock, Shakib Al Hasan, Rishabh Pant, Virender Sehwag, Zaheer Khan, Smriti Mandhana, Arshdeep Singh and Axar Patel. Founded in 2021 by IIT alumni Ankit Wadhwa and Sunny Bhanot, Rario claims it is the world’s first officially licensed digital collectibles platform for cricket fans. Since the inception of NFTs, the craze has spread to include all forms of art, media, fashion, and sports and have grown to a market value of $40 billion, Rario said. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/netflix-to-roll-out-password-sharing-crackdown-globally-next-year/articleshow/94985398.cms">Netflix to roll out password-sharing crackdown globally next year</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/adani-transmission-bags-project-from-best-to-install-over-1-million-smart-meters-in-mumbai/articleshow/94982223.cms">Adani Transmission bags project from BEST to install over 1 million smart meters in Mumbai</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/sports/news/how-india-and-pakistan-have-performed-in-all-their-t20-matches-against-each-other-check-out-here/slidelist/94981319.cms">Here’s how India has performed in their 11 T20 matches against Pakistan</a>

Master blaster Sachin Tendulkar joins the NFT party with Rario partnership

<ul><li>Sam Bankman-Fried’s <keyword id="2966084" type="General" weightage="100" keywordseo="ftx" source="Orion">FTX</keyword> is reportedly looking to invest in gaming startup Mobile Premier <keyword id="1910" type="General" weightage="80" keywordseo="league" source="Orion">League</keyword> (<keyword id="1953612" type="General" weightage="80" keywordseo="mpl" source="Orion">MPL</keyword>). </li><li>This will mark FTX's first foray into the Indian startup ecosystem as well as the world of cricket. </li><li>MPL is planning to step into the world of web3 with the help of FTX.</li></ul>Crypto exchange FTX made splashy headlines last year as it sponsored everything from baseball to football to soccer to <keyword id="6537501" type="General" weightage="50" keywordseo="formula" source="Orion">Formula</keyword> One (F1) racing. Now, it’s reportedly looking to dip its toe both into the world of cricket and the Indian startup ecosystem by investing in gaming unicorn Mobile Premier League (MPL). MPL has a wide range of games on its platform but is most well-known for its fantasy cricket league. Sources told <a href="https://techcrunch.com/2022/04/03/ftx-in-talks-to-invest-in-indian-gaming-startup-mpl-sources-say/">TechCrunch</a> that the gaming company is now looking to foray into web3, which is where the investment from FTX comes in. A win-win for MPL and FTX A report by <a href="https://assets.morningconsult.com/wp-uploads/2021/09/21143601/2109065_crosstabs_MC_SPORTS_CRYPTO_SPORTS_Adults_v2_CC.pdf">Morning Consult</a> indicates that there’s a significant overlap between the crypto-curious and sports. According to the data, sports fans are about twice as likely as non-sports fans to say that they are familiar with crypto, like Bitcoin and Ethereum. FTX, <a href="https://www.businessinsider.in/cryptocurrency/news/ftx-has-just-completed-another-funding-round-that-values-it-at-a-whopping-32-billion-and-ceo-sam-bankman-fried-says-he-expects-no-long-term-crypto-winter/articleshow/89255508.cms">valued at $32 billion</a> after its latest funding round in January earlier this year, has been touted as the entity that brought crypto and sports under one umbrella. An investment into MPL would mark the crypto enterprise’s entry into the Indian startup space as well as into the world of cricket. For MPL, FTX’s crypto expertise and how that marries the world of sports would be an added benefit. FTX is the crypto’s MVP of sports partnerships FTX started on its sports journey last year when it signed a $135 million deal with National Basketball Association’s (NBA) Miami HEAT to have the crypto exchange’s name plastered on the home arena for 19 years. A couple of months later, FTX partnered with Major League Baseball to become the first cryptocurrency exchange sponsor in professional sports. As a result, the FTX branding was seen as a feature on every umpire uniform. Then came the Mercedes F1 partnership, NFT partnerships with NBA and NHL teams, direct deals with sports stars like <keyword id="28008" type="General" weightage="50" keywordseo="tom-brady" source="Orion">Tom Brady</keyword>, <keyword id="2874703" type="General" weightage="50" keywordseo="steph-curry" source="Orion">Steph Curry</keyword> and David Ortiz, and, of course, the Super Bowl. MPL isn’t the only gaming platform in India going web3 MPL, which already has Sequoia Capital India and RTP Global as investors, has been talking to FTX to raise the new investment as an extension to its Series E round of funding at a valuation of $2.5 billion. The investment terms are still in flux and subject to change, sources told TechCrunch. And, it’s not alone in its endeavour to go web3. Dream11, touted as MPL’s primary contender, is looking to funnel a $100 million investment in NFT startup Rario. Rush Gaming Universe by Hike is also <a href="https://www.businessinsider.in/cryptocurrency/news/kavin-bharti-mittal-dives-into-what-hikes-version-of-the-metaverse-is-going-to-look-like/articleshow/89109609.cms">expected</a> to launch its whitepaper sometime this month after unveiling non-fungible tokens (NFTs) in March. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/investment/news/runaway-turkish-crypto-ceo-may-face-40000-year-jail-sentence/articleshow/90640378.cms">Runaway Turkish crypto CEO may face 40,000-year jail sentence</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/indonesia-plans-to-tax-crypto-from-may-government-to-levy-vat-and-0-1-tax-on-income-from-crypto-trade/articleshow/90640005.cms">Indonesia plans to tax crypto from May – government to levy VAT and 0.1% tax on income from crypto trade</a>

FTX is reportedly looking to enter India by investing in fantasy cricket league platform MPL

<ul><li><keyword id="12700735" type="General" weightage="80" keywordseo="sportzchain" source="Orion">Sportzchain</keyword> is one of <keyword id="3658" type="General" weightage="50" keywordseo="india" source="Orion">India</keyword>'s first blockchain-based sports fan engagement platforms.</li><li>Fans can impact a team's sporting decisions like clothes, training, schedules etc.</li><li>The native token of the platform $SPN will be minted in August 2022.</li></ul>Sportzchain, India's blockchain-based fan engagement platform, has launched the alpha phase of its decentralised fan tokens platform. Fans now have the power to make their opinions count, be it on deciding jerseys for the team's training sessions or other elements. The users can vote on binding/non-binding polls for two Kabaddi and one Cricket team, to express approval or disapproval on team decisions. The native token of the platform $SPN will be minted in August 2022, whose possession will be necessary to gain access to the Sportzchain fan tokens. "This is the first time in the India arena that a platform is enabling fans to impact a team's sporting decisions like training, jersey design, playing schedules, etc. At present, we are planning to induct three polls. Soon, we will launch fan tokens so that they can join this tokenized membership of their favourite team’s sporting decision and also partake in financial gains,” said <keyword id="1651062" type="General" weightage="80" keywordseo="siddharth-jaiswal" source="Orion">Siddharth Jaiswal</keyword>, founder and CEO of Sportzchain. Sportzchain, founded in March, will provide fans with an implementable poll platform that ensures their involvement in a team's growth journey. Different from a Twitter poll Fan tokens and the blockchain-powered fan engagement platform differ significantly from Twitter polls. Twitter polls can impact non-team decisions. In contrast, blockchain-powered fan engagement platforms allow sports fans to get involved and influence team decisions directly, with the blockchain element providing authenticity and accountability. Sportzchain currently has the Kabbadi teams of Dabbang Delhi and <keyword id="14578198" type="General" weightage="20" keywordseo="tamil-thailaivas" source="Orion">Tamil Thailaivas</keyword> and <keyword id="6494125" type="General" weightage="80" keywordseo="iceland-cricket" source="Orion">Iceland Cricket</keyword> team under their binding poll belt. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/gta-6-may-get-a-female-protagonist-launch-date-and-everything-we-know-so-far/articleshow/93182862.cms">GTA 6 may get a female protagonist – launch date and everything we know so far</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/enterprise/news/decoding-the-future-of-it-operating-models/articleshow/93181224.cms">Decoding the future of IT operating models</a>

Indian sports buffs can now vote for their favourite team’s jersey using blockchain

<ul class="summary-list"><li><keyword id="6354629" type="UNKNOWN" weightage="60" keywordseo="beauty">Beauty</keyword> YouTuber <keyword id="9884638" type="UNKNOWN" weightage="60" keywordseo="jaclyn-hill">Jaclyn Hill</keyword> apologized for a tweet that seemed targeted at <keyword id="9257250" type="UNKNOWN" weightage="60" keywordseo="drama-channels">drama channels</keyword> who covered her disastrous lipstick launch in 2019.</li><li>Hill wrote that she was dragged over her lipsticks, but now that she's "unproblematic" her critics are silent.</li><li>In a follow-up tweet, Hill said she meant her "fellow influencers," not drama channels.</li><li>YouTuber <keyword id="9313623" type="UNKNOWN" weightage="60" keywordseo="jackie-aina">Jackie Aina</keyword> addressed the since-deleted tweet to say Hill hasn't supported her in return.</li></ul>Top beauty YouTuber Jaclyn Hill backed down after posting a series of tweets calling out her "fellow influencers" for not mentioning her except for when she's having a scandal. Hill, whose 2019 Jaclyn Hill Cosmetics lipstick launch unraveled after <a href="https://www.insider.com/people-say-had-reactions-to-jaclyn-cosmetics-lipstick-2019-6">customers received broken, contaminated products</a>, tweeted "Damn people really dragged me to filth when I had a scandal with my lipsticks. But are no where to be found when I'm 'unproblematic' and doing well. I hope they enjoyed that paycheck they got from the views though!"Since the 30-year-old beauty YouTuber's tweet specifically referred to people cashing in on video views concerning her disastrous lipstick launch, many drama channels who cover YouTuber scandals for a living assumed Hill's comment was about them. The response to Hill's first tweet was largely negative, since most drama, tea, and commentary channels only cover <keyword id="860150" type="PERSON" weightage="60" keywordseo="YouTubers">YouTubers</keyword> when there's news to discuss, not to praise a creator who's doing well.Some, including Nick Snider, responded <a href="https://twitter.com/defnoodles/status/1301717968737296395/photo/1">with comments like</a>, "Because you aren't having drama around you. People are actually happy for you," while others, like Here For The Tea, said, "hope you've enjoyed ALL of the pay checks you've earned by lying, taking advantage of your subscribers and selling subpar/contaminated products."Then, in a since-deleted tweet, Hill clarified that she was talking about her "fellow influencers," not drama channels. "I'm not talking about the 'haters' or the gossip channels," Hill wrote in response to a fan wondering why she seemed to be asking for "negative energy." "Im referring to my piers [sic]. My fellow influencers. Those whom I support &amp; ried [sic] for. Im referring to this industry &amp; im reflecting on my ups &amp; downs."Here For The Tea posted that tweet to her Instagram page, where Hill's fellow beauty YouTuber Jackie Aina commented with a scorching response. "I'm not sure which peers she's referring to here but she sure has hell paid ALL my collaborations dust chile," Aina wrote. "I've supported every single thing that she's launched, and yet crickets for years....very hurtful NGL. Either way, I still admire her work ethic and her ability to continue doing what she does because it isn't easy!"Aina's response seemed to provoke Hill's apology. She wrote that she "was very emotional &amp; should have put my phone down instead of reacting childish." Hill also said she wasn't referring to fans, drama channels, or "certain influencers that have now been brought into this.""I was upset because of stuff going on behind the scenes &amp; should have kept my mouth 100% shut. Because now it's turning into something that I didn't even see coming cause I reacted so quickly without thinking," Hill wrote. "I'm sorry for jumping on Twitter instead of dealing with it privately."<ul class="read-more-links"><li>Read more:</li><li><a href="https://www.insider.com/jeffree-star-new-boyfriend-andre-marhold-relationship-drama-ex-girlfriend-2020-8">Jeffree Star's rumored boyfriend came out of nowhere and is already causing drama. Here's his story and how the relationship unfolded.</a></li><li><a href="https://www.insider.com/lohanthony-gay-christian-celibacy-conversion-therapy-what-happened-anthony-quintal-2020-8">YouTuber Lohanthony was once an openly gay internet star. Now, he's an advocate for Christian celibacy, an ideological cousin of conversion therapy.</a></li><li><a href="https://www.insider.com/racist-jokes-microaggressions-and-tokenism-in-the-influencer-world-2020-8">Stories of racist jokes, microaggressions, and tokenism from YouTubers highlight a widespread problem within the influencer industry</a></li><li><a href="https://www.insider.com/james-charles-lauren-conrad-apologized-beauty-pr-box-empty-packaging-2020-8">James Charles apologized to Lauren Conrad after he blasted her beauty line for sending him empty packaging in a PR box</a></li></ul>

Jaclyn Hill apologized for tweets about fellow influencers not supporting her after she was called out by fans and YouTubers

Many refer to him as the god of cricket. <keyword id="819777" type="ORGANIZATION" weightage="40" keywordseo="no-doubt">No doubt</keyword> he has had an ecstatic career in the world of cricket. As a token of appreciation for his efforts that have helped the Indian cricket team win several matches (and for his fans), <keyword id="161767" type="COMPANY" weightage="80" keywordseo="eBay-India">eBay India</keyword> has made a special micro-site (<a href="http://www.ebay.in/master">www.ebay.in/master</a>) for people who would want to purchase the master blasters memorabilia. 
 
Commenting on the launch of this microsite, Ms Deepa Thomas, eCommerce Evangelist, eBay India said, “Sachin Tendulkar is an <keyword id="213976" type="POSITION" weightage="40" keywordseo="iconic-cricketer">iconic cricketer</keyword> with fans from every nook and corner of the country. To celebrate his contribution to India’s most favourite sport, we have curated special <keyword id="106984" type="UNKNOWN" weightage="40" keywordseo="edition">edition</keyword> merchandise from eBay India entrepreneurs for his fans around the country.” 
 On this micro-site one can purchase everything from special edition Sachin silver coins to posters to mugs. In fact one can also get Sachin mobile phone covers and wallets. However, eBay has not added the stuff that was actually used by <keyword id="6354267" type="PERSON" weightage="40" keywordseo="Sachin-Tendulkar">Sachin Tendulkar</keyword>. Many would want to purchase the actual equipment that Sachin used to win matches. Hopefully, after his final test match we will see some of his personal cricket gear on sale as well.

To Salute The Legend Ebay India Makes Special Space For Sachin Tendulkar Merchandise On
Their Website

<ul><li>NFT transaction activity has <a href="https://go.chainalysis.com/rs/503-FAP-074/images/state-of-web3.pdf">declined</a> from $3.9 billion in February 2022 to less than $1 billion in March 2022.</li><li>Amitabh Bacchan’s BeyondLife.Club, Salman Khan’s Chill Bull NFTs and Vishal Malhotra’s NFT funded film Ilm made headlines in 2022.</li><li>Blue Chip celebrity NFTs are more viable for investment than star NFTs which provide a one-time use case.</li></ul>We have come a long way from when Bollywood actors seemed like the real stars, inaccessible and in a galaxy that was out of reach of the laity. Thanks to social media and digital technologies, we now may have a ‘problem of plenty’. With NFTs, blockchain-based digital collectibles, fans now have access to digital avatars of Bollywood celebrities and can even attend their film premieres. Last year, many Indian celebrities launched their NFTs or Non-Fungible-Tokens, a unique way of selling their art online. It could be a poem, a song, a movie dialogue or even a movie premiere. However, NFTs have seen a steep drop in interest <a href="https://trends.google.com/trends/explore?q=NFTs">since last year</a>. NFT transaction activity <a href="https://go.chainalysis.com/rs/503-FAP-074/images/state-of-web3.pdf">crashed</a> by three-quarters to less than $1 billion in March from $3.9 billion in February. How have Bollywood NFTs fared after this crash? Fiat vs crypto NFTs can be bought either with fiat money – regular money such as INR – or with cryptocurrency. NFTs that were bought using fiat money have been less affected by the market crash. For instance, Guardian Link, a platform which manages Amitabh Bachchan’s <keyword id="11050714" type="General" weightage="20" keywordseo="nft-platform" source="Orion">NFT platform</keyword> BeyondLife.Club was one of the first to offer NFTs in fiat money. Amitabh NFTs were sold for $1 million in 2021. “Over 12,000 NFTs were sold within 45 seconds of going live. Guardian Link also provides credibility checks for these celebrity NFTs so that they can neither be replicated nor sold anywhere else,” said Arjun Reddy, chief technology officer at Guardian Link. For NFTs that were bought via digital currencies, the story gets a little complicated. Utility &amp; engagement drive NFT value How well NFTs have fared is dependent on multiple factors – utility of NFTs, star power, star engagement and credibility of the platform. If the NFTs do not provide lasting use cases for customers, they are unlikely to be popular. ‘83’ – a film that starred Ranveer Singh – in January sold all its digital collectibles within an hour of launch on ‘Social Swag,’ a platform for customers to learn directly from celebrities and not an NFT platform. Actor Salman Khan released ‘Chill Bull NFT collection’ in July – based on his 2019 movie ‘Dabbang 3’ – through <a href="https://www.bollycoin.com">Bollycoin</a>, the star’s NFT platform. However the utilities of these NFTs remain nil with no reference to them on the official <a href="https://market.bollycoin.com/assets/0xF298fEA19b400F20c61194e95aEB2421B3C12796/102">website</a>. Business Insider had not heard back from Bollycoin at the time of publishing. “Art should always be backed by lasting utility. Often celebrities launch their NFTs and go radio silent. But if an NFT buyer wants to sell the NFT of a Bollywood digital avatar, would they be able to do so? They should have an active NFT community,” said Sandesh Suvarna, vice president, WazirX NFT marketplace. Vishal Malhotra, creator of Asia’s first NFT-funded film ‘Ilm,’ meaning knowledge; and also the first actor to launch his NFT in India, did just that. “Ilm-the world’s first NFT-funded film has been certified by the Censor Board of India. Even during the bear market, over 50% of the film NFT passes have been sold. The bear market allows NFTs to go mainstream, bringing down their price. A Sholay film NFT has classic value for a Bollywood fan and will always have incremental resale value,” Malhotra said. Fans who own the ‘Ilm’ NFT passes will have a lifetime access for all his future film premieres, Malhotra added. Of blue chips &amp; star power The ‘Blue Chip NFTs’ – those NFTs that have the backing of big names, venture capitalists and big organizations – would still make for good buys is the general consensus. <a href="https://www.rario.com">Rario</a>, a blue chip NFT platform has over 20,000 users worldwide. They have partnered with cricketers like Rishabh Pant, Ruturaj Gaikwad and Dinesh Karthik, and are backed by top global cricket leagues. “Esports is growing rapidly. Cricket fans want to be associated with their favourite players. At Rario, you can gain access to their tournaments, merchandise and even host your own virtual tournaments. We have partnered with world’s cricket mega celebrities,” said Ankit Wadhwa, CEO of Rario. The star power of a mega celebrity like Amitabh Bachchan, coupled with the backing of a well-known decentralised exchange like Guardian Link seems to be the winning combination for owning a lucrative NFT. Amitabh Bachchan’s NFT ‘<a href="https://marketplace.beyondlife.club/order/details/l4bwBKRxFnDm2DoP/9YEpmRnhnjymzQ87">BigB Punks #1633</a>’ that sold at $10 a piece last November, is currently priced at $1500/piece. Celebrity engagement One of the most important factors that determine the value and demand of celebrity NFTs is the extent of engagement by the celebrity. Dhruv Saxena, chief strategy officer of Singapore-based NFT celebrity platform <a href="https://www.fantico.io">Fantico</a>, deals with NFTs of Indian movie stars such as Kamal Hassan, Madhavan, and lyricist Javed Akhtar. He believes investor overlap between crypto and NFTs does exist, hence buyers are more cautious. “This is very typical after any ‘bull run’ days. Value can only be created by creators or their fans. While fans will continue to like whatever it is they do, creators (artists, influencers, actors, musicians, or athletes) will use this new medium to create more supply,” added Saxena.

Have Bollywood NFTs lost their glamour during the cryptocrash?

<ul><li>Messi had also received part of his welcome package at his new club in cryptocurrency.</li><li>Messi’s NFTs are being minted on <keyword id="8921397" type="General" weightage="20" keywordseo="ethernity" source="Orion">Ethernity</keyword>, by artist BossLogic.</li><li>BossLogic has also worked with Hollywood studios for NFTs around their movies.</li></ul>Argentine footballer <keyword id="704" type="General" weightage="20" keywordseo="lionel-messi" source="Orion">Lionel Messi</keyword>, who ended his 20 plus year stint at Spanish football club Barcelona recently, has launched his own <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite&amp;is_retargeting=false&amp;shortlink=BI&amp;c=site&amp;pid=Business%20Insider&amp;af_click_lookback=7d&amp;af_channel=Business%20Insider&amp;af_adset=article&amp;af_force_deeplink=true">NFT</a> collection. The footballer has partnered with Australia-based digital artist BossLogic for the non-fungible token that will include special images of the footballer, who is often regarded as the best in the world. While the NFTs officially drop tomorrow, the artist had announced the association on August 5 via an Instagram post. The <a href="https://www.instagram.com/bosslogic/?utm_source=ig_embed&amp;ig_rid=49632f1f-c639-4340-91f6-d61cc9e5ffce">post</a> included a digital image of Messi, along with the caption, “Been in the works for awhile, beyond honoured to work with @ethernity and with the legend @leomessi on his first official drop!” Which also confirmed that the NFTs, titled the <keyword id="11901077" type="General" weightage="20" keywordseo="messiverse" source="Orion">Messiverse</keyword>, will be auctioned via the Ethernity platform. The platform is accepting registrations for the auction right now. <div type="INSTAGRAMURL" thumbUrl="https://scontent.cdninstagram.com/v/t51.2885-15/sh0.08/e35/p640x640/238942781_298745935384487_6038795131371866834_n.jpg?_nc_ht=scontent.cdninstagram.com&amp;_nc_cat=111&amp;_nc_ohc=HFLDEBbO43AAX9X6rId&amp;edm=AMO9-JQAAAAA&amp;ccb=7-4&amp;oh=e9165afe9f67de93d6c57b1efa57a393&amp;oe=612156F0&amp;_nc_sid=b9f2ee" caption="Caption not available." user="bosslogic" cmsId="1629442366327"><url><![CDATA[https://www.instagram.com/p/CSwsexppA-E/?utm_source=ig_web_copy_link]]></url><permalink><![CDATA[https://www.instagram.com/p/CSwsexppA-E/?utm_source=ig_embed&amp;utm_campaign=loading]]></permalink><payload><![CDATA[]]></payload></div> The images in question are of Lionel Messi, portrayed as a superhero, a Greek hero and more, in his new number 30 PSG jersey. The pieces are titled Man from the Future, Worth the Weight, The King Piece and more. BossLogic is no stranger to NFTs. The artist has worked with Marvel Studios in the past and had also launched the <a href="https://decrypt.co/63544/godzilla-vs-kong-nft-first-hollywood-bosslogic">Godzilla vs Kong NFT</a> in April this year, which was billed as the first <keyword id="4668945" type="General" weightage="20" keywordseo="nft" source="Orion">NFT</keyword> ever to drop alongside a major motion picture. Further, Messi himself is no stranger to NFTs and <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite&amp;is_retargeting=false&amp;shortlink=BI&amp;c=site&amp;pid=Business%20Insider&amp;af_click_lookback=7d&amp;af_channel=Business%20Insider&amp;af_adset=article&amp;af_force_deeplink=true">cryptocurrencies</a> either. The football star received his new club’s fan token as part of his welcome package to Paris-Saint Germain, the French club where Messi is expected to play out the rest of his career. The club had said that a “significant” amount of fan tokens were given to Messi, though the exact amount wasn’t disclosed. The value of the PSG fan token had also swelled ahead of Messi’s arrival at the club. Messi’s NFT drop is yet another instance of cryptocurrencies making in-roads into the sports ecosystem. While PSG is one of the leading clubs to have launched its own tokens, other large football clubs like Manchester United, Arsenal and many more have done so too. On the other hand, Indian platform Rario had <a href="https://www.businessinsider.in/cryptocurrency/news/cricket-is-jumping-on-the-nft-bandwagon-heres-how-fans-can-splurge-on-digital-collectibles-in-the-sporting-world/slidelist/85302503.cms">announced</a> that an NFT-platform meant specifically for cricket on August 15. <a href="https://forum.businessinsider.in/">For a more in-depth discussion, come on over to Business Insider Cryptosphere</a> — a forum where users can deep dive into all things crypto, engage in interesting discussions and stay ahead of the curve. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/coinbase-is-looking-to-expand-and-has-a-4-billion-war-chest-to-hedge-against-a-possible-crypto-winter/articleshow/85453936.cms">Coinbase is looking to expand and has a $4 billion war chest to hedge against a possible ‘crypto winter’</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/the-poly-network-hacker-behind-the-biggest-heist-in-crypto-is-now-refusing-to-return-the-remaining-funds/articleshow/85452300.cms">The hacker behind the biggest heist in crypto is now refusing to return the remaining funds</a>

Lionel Messi’s NFT crypto art collection ‘Messiverse’ is dropping on Ethernity tomorrow

<ul><li>The Captain America stash includes star Steve Rogers, John F. Walker, Sam Wilson, Bucky Barnes, and the Red Skull. </li><li>These collectables are a broader part of the initiative to celebrate ‘<keyword id="11871695" type="UNKNOWN" weightage="20" keywordseo="marvel-month">Marvel Month</keyword>’ on the VeVe non-fungible token (NFT) platform.</li><li>Within 24 hours of launching the Spiderman NFTs on August 7, all 60,500 digital statues sold out — showcasing the strong interest and desire for these digital collectables.</li><li>Captain America is the second Marvel superhero from within the Avengers franchise to be featured in the NFT hype, with others likely on the way as well.</li></ul> Marvel entered the <a href="https://coindcx.com/">blockchain</a> world with five different Spider-Man collectables floated as a non-fungible token (NFT) last week. And now, the iconic American film and television studio subsidiary of Walt Disney Studios intends to take it up to the next level with the <a href="https://www.marvel.com/articles/gear/captain-america-first-series-marvel-mightys-digital-collectibles-veve?linkId=127565314">launch</a> of new collectables from other franchises such as Captain Marvel and Sam Wilson. The launch of the Captain America series is a complementary succession to the <keyword id="11871692" type="UNKNOWN" weightage="20" keywordseo="spider-man-nft">Spider Man NFT</keyword> collection launched earlier. According to the studio, these collectables are a broader part of the initiative to celebrate 'Marvel Month' on the VeVe App, the digital partner. <div type="image" title="cap america" msid="85390012" hostid="261" caption="&amp;lt;p&amp;gt;Marvel Mightys, Season 1 NFTs featuring Steve Rogers (C), Sam Wilson (L) and Red Skull (R)&amp;lt;/p&amp;gt;"></div> All the Marvel digital collectables will be floated on the blockchain and be available for users to buy and sell to others on VeVe's secondary marketplace with the in-app token Gems ($GEM). The Captain American lineup includes star Steve Rogers, the first Captain America, John F. Walker, Sam Wilson, Bucky Barnes, and the Red Skull. Marvel Mightys, Season 1 of the Captain America series will feature the following NFTs: <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Name </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Price </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Quantity </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Rarity </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Steve Rogers </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$13 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">28,888 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Common </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Sam Wilson </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$13 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">28,888 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Common </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">John F. Walker </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$13 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">18,888 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Uncommon </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bucky Barnes </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$13 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">11,888 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Rare </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Red Skull </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$13 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">4,888 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ultra-Rare </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table>Source: <a href="https://www.marvel.com/articles/gear/captain-america-first-series-marvel-mightys-digital-collectibles-veve?linkId=127565314">Marvel</a> <cmsannotation type="cmsannotation" annotationid="Red Skull will be the rarest of them all" comment="subhead" text="Red Skull will be the rarest of them all">Red Skull will be the rarest of them all</cmsannotation> Since the collectables are in extremely limited supply, they inherit value automatically, and with age, it's bound to keep increasing — embodying the underlying function of NFTs. Red Skull shall be most rare, followed by Bucky Barnes. "We hope to expand the limits of what Marvel fandom can be, starting with personal and interactive digital collectables that, through NFTs, fans can truly collect, share, and enjoy in a way that they have not been able to do before," said Marvel's VP of business development and strategy, Daniel Fink. Acquiring an NFT from the VeVe marketplace is significantly easy. All you need is a credit card to purchase the virtual tokens of the app. The platform also hosts other digital collectables from DC Comics, Star Trek, and other franchises. Marvel will sell NFT digital collectables, 3D statues, and digital comic books through Veve's "mixed reality" app as part of the partnership. Marvel’s Spiderman NFTs were sold out within 24 hours of launch and consisted of 60,500 digital statues. Reaffirming how in-demand the NFT segment currently is. <cmsannotation type="cmsannotation" annotationid="NFTs are transforming how art and creators can make money" comment="subhead" text="NFTs are transforming how art and creators can make money">NFTs are transforming how art and creators can make money</cmsannotation> NFTs are <a href="https://markets.businessinsider.com/news/currencies/nft-sales-soaring-crypto-market-growth-rarible-alex-salnikov-2021-8">redefining how art is traded</a>, and it has opened up a whole new monetisation for artists and creators. While Marvel didn't immediately participate in the NFT craze that took place in the first half of 2021, it is now looking to capitalise on the technology. In addition, a host of major brands have entered the market with a diverse array of companies, including the NBA, Breitling watches, LVMH, Nike, <a href="https://www.businessinsider.in/cryptocurrency/news/formula-one-strikes-a-100-million-sponsorship-deal-with-a-crypto-exchange-for-five-years/articleshow/84013515.cms">Formula One</a>, and <a href="https://www.businessinsider.com/epl-cryptocurrency-blockchain-nft-arsenal-city-villa-everton-leeds-socios-2021-8?IR=T">Real Madrid</a>, among the big names launching NFT projects. The market for NFTs <a href="https://www.reuters.com/technology/nft-sales-volume-surges-25-bln-2021-first-half-2021-07-05/">surged</a> to new highs in the second quarter, with $2.5 billion in sales so far this year. Buyers have mostly totalled 10,000 to 20,000 per week since March, outnumbering sellers, according to <a href="https://nonfungible.com/market/history">NonFungible.com</a>, which aggregates NFT transactions on the Ethereum blockchain. In March, a digital image sold for a record $69.3 million at <a href="https://www.theverge.com/2021/3/11/22325054/beeple-christies-nft-sale-cost-everydays-69-million">Christie's</a> as an NFT, a record that still stands strong. SEE ALSO: <a href="https://www.businessinsider.in/cryptocurrency/news/cricket-is-jumping-on-the-nft-bandwagon-heres-how-fans-can-splurge-on-digital-collectibles-in-the-sporting-world/slidelist/85302503.cms">Cricket is jumping on the NFT bandwagon — here’s how fans can splurge on digital collectibles in the sporting world</a> <a href="https://www.businessinsider.in/cryptocurrency/news/bitcoin-has-surged-more-than-35-in-the-last-month-and-the-race-to-50000-is-being-fueled-by-institutional-interest/articleshow/85371125.cms">Bitcoin has surged more than 35% in the last month and the race to $50,000 is being fueled by institutional interest</a> <a href="https://www.businessinsider.in/cryptocurrency/news/one-third-of-indians-hold-cryptocurrencies-and-youngsters-are-leading-the-charge/articleshow/85364856.cms">India among top five countries where people own cryptocurrencies</a>

You Searched For "cricket fan tokens" and got 12 results

IPL teams are reportedly launching fan tokens, which will give followers a bigger say in club decisions

BI India Bureau

Cricket is jumping on the NFT bandwagon — here’s how fans can splurge on digital collectibles in the sporting world

BI India Bureau

Semi-fungible tokens — coins that travel between the worlds of cryptocurrency and NFTs

Madana Prathap

Dream11’s parent marks its foray into Web3 by investing in cricket NFTs startup Rario

Kritti Bhalla

Master blaster Sachin Tendulkar joins the NFT party with Rario partnership

Eetika Kapoor

FTX is reportedly looking to enter India by investing in fantasy cricket league platform MPL

BI India Bureau

Indian sports buffs can now vote for their favourite team’s jersey using blockchain

Eetika Kapoor

Jaclyn Hill apologized for tweets about fellow influencers not supporting her after she was called out by fans and YouTubers

Kat Tenbarge

To Salute The Legend Ebay India Makes Special Space For Sachin Tendulkar Merchandise On Their Website

Sulabh Puri

Have Bollywood NFTs lost their glamour during the cryptocrash?

Eetika Kapoor

Lionel Messi’s NFT crypto art collection ‘Messiverse’ is dropping on Ethernity tomorrow

BI India Bureau

Marvel’s Captain America NFTs to hit the stands after Spiderman’s success

Shivam Vahia

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