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<ul><li>Jump.trade, a <keyword id="12308260" type="General" weightage="50" keywordseo="sports-nft" source="Orion">Sports NFT</keyword> marketplace, organised its first <keyword id="399907" type="General" weightage="50" keywordseo="meta" source="Orion">Meta</keyword> Cricket League tournament finale for cricket fans. </li><li>Play-to-<keyword id="3972398" type="General" weightage="100" keywordseo="earn" source="Orion">earn</keyword> gamers in India can earn $500 per day, more than the average salary of an Indian. </li><li>Players need at least two NFTs to begin playing a Meta cricket game. </li></ul> It's not just the cricket megastars who can win hearts with their memorable shots. Now, even ordinary gamers in India can ‘Hit and Earn’ through cricket, albeit in matches played in the metaverse, with a chance of winning up to $500 per day. That’s ₹7,000 more than the average salary of an Indian in <a href="http://www.salaryexplorer.com/salary-survey.php?loc=100&amp;loctype=1#:~:text=A%20person%20working%20in%20India%20typically%20earns%20around%2031%2C900%20INR,%2C%20transport%2C%20and%20other%20benefits.">2022</a>. Jump.trade, a Sports NFT marketplace by GuardianLink, organized its first Meta Cricket League (<keyword id="6400346" type="General" weightage="80" keywordseo="mcl" source="Orion">MCL</keyword>) tournament finale in August, which was played in the virtual world. MCL is a ‘Play to Earn’ (P2E) blockchain game, where users can create teams of batsmen and bowlers to participate in real-time player-versus-player matches. Users can also form a team and earn rewards. “To begin playing the MCL game, users need to buy a combination of 1 Batsman NFT and at least 1 Bowler NFT from the platform,” explains Kameshwaran Elangovan, co-founder and chief operating officer at GuardianLink. Jump.trade is currently home to over 1,000 users who play MCL games everyday, earning up to $500 a day. Buy NFTs, play cricket Jump.trade sold 55,000 NFTs within nine minutes of going live, contrary to the subdued market interest for cryptos and NFTs this year. The first MCL grand slam finale, organised by GuardianLink and <keyword id="6354742" type="General" weightage="50" keywordseo="flipkart" source="Orion">Flipkart</keyword>, was played on 7th August. A prize pool of $10,000 was created, to be divided among 500 shortlisted players. The winner was awarded $1,000, while the second and third places won $600 and $400 respectively. Rest of the prize money was distributed to the players according to their positions on the MCL leaderboard. Play-to-earn games in India The play-to-earn games are gaining momentum in India. The Indian online gaming market alone is <a href="https://images.assettype.com/afaqs/2021-06/1ef54dc8-61db-410d-893e-957ce23e0103/Beyond_the_tipping_point__A_primer_on_online_casual_gaming_in_India_low_size.pdf">projected </a>to reach 657 million users by 2025. “India has gained the top spot in terms of the adoption of NFT games and play-to-earn games, with 34% of those surveyed reporting they have played P2E games, and an additional 11% willing to play such games in the near future,” said <keyword id="10022012" type="General" weightage="50" keywordseo="parth-chadha" source="Orion">Parth Chadha</keyword>, CEO and co-founder of <keyword id="326118" type="General" weightage="50" keywordseo="stan" source="Orion">STAN</keyword>, a blockchain esports startup in India. An increasing number of companies are showing interest in blockchain gaming in India. For instance, Tezos India announced a grant of over $10,000 to support blockchain gamers in India. STAN, launched in May, has over 100,000 downloads of the app already. E-commerce giant Flipkart is also exploring the blockchain gaming landscape – it sponsored the MCL Grand Slam Tournaments’ finale, where it also publicised its web 3 platform ‘FireDrops’. “Sponsoring the Meta Cricket League Finale was as much about positioning FireDrops among relevant audiences as about learning about the emerging play-to-earn ecosystem,” said Naren Ravula, VP of product strategy and head of Flipkart Labs. FireDrops, a web 3-based feature powered by <keyword id="12461986" type="General" weightage="50" keywordseo="guardian-link" source="Orion">Guardian Link</keyword>, went live on Flipkart on July 22. Customers can buy NFTs on Flipkart that gives them exclusive access to merchandise online and promotional events offline.

Hit and earn: Indian cricket fans can win as much as $500 a day playing cricket in the metaverse

<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

Play-to-earn games gaining rapid popularity across South Asia <ul><li>The <keyword id="2440542" type="General" weightage="20" keywordseo="esports" source="Orion">Esports</keyword> gaming market in India is expected to reach a valuation of $5.7 billion by 2025. </li><li>GuardianLink with gaming partner IndiGG will initially have over 65k users. </li><li>Players have spent $4.9 billion on <keyword id="4668945" type="General" weightage="80" keywordseo="nft" source="Orion">NFT</keyword> games last year. </li><li>Asian leads the adoption of <keyword id="12497705" type="General" weightage="50" keywordseo="metamask" source="Orion">Metamask</keyword>, a <keyword id="7387190" type="General" weightage="20" keywordseo="Cryptocurrency-wallet" source="Orion">cryptocurrency wallet</keyword> used for many Web 3 apps and online gaming.</li><li></li></ul>GuardianLink, has joined forces with gaming hub IndiGG, the Sub-DAO of Yield Guild Games (YGG), to build and promote the Web3 gaming ecosystem in South Asia. Guardian Link has famously been associated with supporting artists like Stan Lee and Amitabh Bacchan by managing their NFT sales. GuardianLink, together with gaming partner IndiGG and its user base of 65,000 online gamers, is on a mission to help gamers monetize their virtual gaming skills. IndiGG has made a significant investment in purchasing NFTs from GuardianLink and will lease them out to its community members to encourage them to play the NFT cricket game, win matches, and stand a chance to earn exciting rewards. "Like <keyword id="14555695" type="General" weightage="20" keywordseo="Youtube-streamers" source="Orion">YouTube streamers</keyword> or TikTok/Instagram influencers, <keyword id="6355684" type="General" weightage="20" keywordseo="blockchain" source="Orion">blockchain</keyword> gaming has all the potential to become a dependable source of earning in the gig-economy era, if not for a full-time career. We strongly believe that NFT has the power to revolutionize the online gaming ecosystem in Asia," said Kameshwaran Elangovan, co-founder and COO of GuardianLink. Kameshwaran also adds, "Cricket is a religion in India, and even though Web2 games lack adoption for the sports genre, I believe Web3 cricket games would attract a lot of non-gamers in India as well. MCL is becoming one of the most popular live online cricket games thanks to its sustainable earnings potential," says Ayush Gupta, growth leader at IndiGG. Play-to-Earn games (P2E) have especially become popular post-pandemic. According to market tracker <a href="https://dappradar.com/blog/2021-dapp-industry-report">DappRadar</a>, gamers spent $$4.5 billion on NFTs last year. The amount one earns depends on the value of the game token which can be in the form of a cryptocurrency made on a blockchain. These blockchain games also provided a respite during the pandemic, where countries like Philippines and Thailand saw millions of users signing up for NFT game Axie Infinity due to rising unemployment. $500 in two hours Asian countries also lead the adoption of Metamask, a cryptocurrency wallet that is used during NFT online gaming. Vietnam, Thailand, India, China, Philippines and Indonesia occupy the <a href="https://consensys.net/blog/press-release/metamask-surpasses-10-million-maus-making-it-the-worlds-leading-non-custodial-crypto-wallet/">top 10</a>. According to a report by <a href="https://www.pwc.com/gx/en/industries/entertainment-media/outlook/downloads/pdf-global-gemo_take-a-tour.pdf">PWC</a>, global virtual gaming alone is projected to grow at 27.81% annually. Since the Indian subcontinent is a cricket fanatic, GuardianLink has also launched a first-of-its-kind NFT-powered play-and-earn cricket gaming app, <keyword id="13701309" type="General" weightage="50" keywordseo="meta-cricket-league" source="Orion">Meta Cricket League</keyword> (MCL), through its latest blockchain marketplace, 'Jump.trade'. MCL allows online game lovers to earn rewards worth $500 dollars in two hours. The esports gaming market in India is predicted to grow to be one of the largest in the world. A <a href="https://assets.kpmg/content/dam/kpmg/in/pdf/2021/06/digital-mobile-casual-gaming-in-india.pdf">KPMG study</a> claims that after five years of steady growth, it is anticipated to triple in value and reach from $1.7 billion in 2021 to $5.7 billion by 2025. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/how-to-find-the-best-smart-projector-for-your-home-a-buying-guide-by-expert/articleshow/93112644.cms">How to find the best smart projector for your home — a buying guide by expert</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/after-food-healthcare-expenses-are-becoming-a-bitter-pill-to-swallow-for-indian-consumers/articleshow/93115725.cms">After food, healthcare expenses are becoming a bitter pill to swallow for Indian consumers</a>

‘Blockchain gamers have the same potential as YouTube streamers, TikTok/Instagram influencers’

<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

<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?

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

Test your crypto and cricket knowledge! Play our weekly quiz to win rewards

<ul><li>Sorare raised $680 million yesterday in a Series B funding round.</li><li>Dapper Labs also raised $250 million, which will be used to expand the NBA Top Shots platform.</li><li>Sorare and Dapper Labs both plan to expand their existing marketplaces using their respective funds.</li></ul> Sports-themed non-fungible tokens (<keyword id="902592" type="General" weightage="20" keywordseo="nfts" source="Orion">NFTs</keyword>) are continuing to rake in the big bucks despite the current slump in the market — not with traders, but with big wig investors. Between Dapper Labs and Sorare, nearly a $1 billion has been raised this week alone. <cmsannotation type="cmsannotation" annotationid="wazirx" comment="wazirx" text="wazirx">wazirx</cmsannotation> Yesterday, French NFT trading card game platform Sorare raised $680 million, alongside popular <keyword id="36237" type="General" weightage="20" keywordseo="basketball" source="Orion">basketball</keyword> collectibles platform Dapper Labs, which raised $250 million. While Sorare and Dapper Labs have obviously made the news, sports-based NFT platforms are coming up elsewhere too. In India, five-month old <keyword id="5868477" type="General" weightage="20" keywordseo="cricket-foundation" source="Orion">Cricket Foundation</keyword> announced a platform called CricketCrazy.io, which is dedicated to NFTs themed on the sport. The platform didn’t reveal investments, but said that blockchain platform Zebi is amongst its investors. Another platform called <keyword id="11906986" type="General" weightage="20" keywordseo="rario" source="Orion">Rario</keyword>, which deals in collectibles in India, had also announced an NFT marketplace dedicated to <keyword id="1521" type="General" weightage="20" keywordseo="cricket" source="Orion">cricket</keyword> last month. The Economic Times <a href="https://economictimes.indiatimes.com/tech/technology/nfts-set-to-crank-up-cricket-digital-collectibles-business/articleshow/84873713.cms?from=mdr">reported</a> that transactions worth over $2.5 billion are expected in the digital collectibles space, at the time, which was before the current slump we’re seeing in the NFT space overall right now. <cmsannotation type="cmsannotation" annotationid="wazirx" comment="wazirx" text="wazirx">wazirx</cmsannotation> <cmsannotation type="cmsannotation" annotationid="Sorare and Dappe Labs expand" comment="subhead" text="Sorare and Dappe Labs expand">Sorare and Dappe Labs expand</cmsannotation> While the Indian platforms are just starting off, Sorare and Dapper Labs are expanding operations. Yesterday’s funding was part of a Series B round for Sorare and it was led by one of the biggest tech funders in the world today — Softbank. Cointelegraph <a href="https://cointelegraph.com/news/sports-nft-gold-rush-as-projects-raise-930-million-in-a-week?utm_source=Telegram&amp;utm_medium=social">reported</a> that Sorare plans to partner with the top 20 professional soccer leagues in the world, and 50 international football associations. NFTs will be minted for both men’s and women’s teams. On the other hand, Dapper Labs said its funding will be used to license NFT projects across sports, music and entertainment. The platform will scale up its NBA Top Shot platform, which has already seen over $10 million worth of transactions, according to Dapper’s website. NBA Top Shots ranks at number 19 in blockchain tracking platform DAppsRadar’s rankings for the top NFT platforms in the world. <cmsannotation type="cmsannotation" annotationid="Issues may arise" comment="subhead" text="Issues may arise">Issues may arise</cmsannotation> But despite these funding rounds, investors may want to take cognizance of the fact that the NFT space still needs regulation, not just from governments but also the platforms themselves. Earlier today, Cointelegraph <a href="https://cointelegraph.com/news/crypto-twitter-cries-foul-after-noticing-nba-star-john-wall-s-nft-has-a-fortnite-background?utm_source=Telegram&amp;utm_medium=social">reported</a> that NBA star John Wall had been accused of ripping off artwork from popular battle royale game Fortnite. As we <a href="https://www.businessinsider.in/cryptocurrency/news/insider-trading-ip-theft-fake-art-and-fake-profiles-scammers-are-taking-advantage-of-nft-platforms-lack-of-regulation/articleshow/86259204.cms">reported</a> earlier, the NFT space has also seen instances of insider trading, frauds and more. On September 15, the world’s largest NFT marketplace OpenSea admitted that one of its senior employees had been involved in a case of insider trading. “This is incredibly disappointing. We want to be clear that this behavior does not represent our values as a team,” OpenSea said in a statement. <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 href="https://www.businessinsider.in/cryptocurrency/news/the-crypto-market-is-climbing-its-way-back-to-2-trillion/slidelist/86447048.cms">The crypto market is climbing its way back to $2 trillion</a> <a href="https://www.businessinsider.in/cryptocurrency/quiz/take-this-quiz-to-find-out-how-well-you-know-your-famous-quotes-about-blockchain-and-bitcoin/articleshow/86427609.cms">Take this quiz to find out how well you know your famous quotes about blockchain and Bitcoin</a> <a href="https://www.businessinsider.in/cryptocurrency/news/south-koreas-crypto-regulations-are-tightening-around-investors-and-exchanges-alike/articleshow/86426452.cms">South Korea’s crypto regulations are tightening around investors and exchanges alike</a>

Sports NFT platforms have racked up nearly $1 billion in funding this week alone, despite market slump

<ul><li><keyword id="11928103" type="General" weightage="20" keywordseo="OpenSea" source="Orion">OpenSea</keyword> is the world’s largest <keyword id="4668945" type="General" weightage="20" keywordseo="nft" source="Orion">NFT</keyword> marketplace.</li><li>The company recorded over 14,000 unique wallet addresses involved in transactions over the past 30 days.</li><li>Total volume on August 23 amounted to over $1.67 billion.</li></ul>Non-fungible tokens, or NFTs, have been the rage over the past year. According to data <a href="https://dappradar.com/ethereum/marketplaces/opensea">from</a> decentralised apps tracker DAppsRadar, 30-day trading volumes for NFTs on OpenSea have topped $1.56 billion. OpenSea is the largest <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 marketplace</a> in the world and recorded a volume increase of 542% over the last month, registering over half of its total lifetime trade volume of $2.423 billion during the period. The growth comes at a time when crypto markets worldwide have been witnessing an upturn after a brief slowdown since April this year. Prices of <keyword id="2420795" type="General" weightage="20" keywordseo="cryptocurrencies" source="Orion">cryptocurrencies</keyword> like <keyword id="6354947" type="General" weightage="20" keywordseo="Bitcoin" source="Orion">Bitcoin</keyword> and Ethereum have appreciated too, with <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">Bitcoin</a> crossing the $50,000 mark for the first time since late April this year. According to DAppsRadar’s data, OpenSea recorded over 181% user growth in the last 30 days, with over 140,000 unique wallet addresses involved in transactions. Over 1.57 million transactions took place with a total volume of around $1.67 billion. <cmsannotation type="cmsannotation" annotationid="Large NFT sales driving the market" comment="subhead" text="Large NFT sales driving the market">Large NFT sales driving the market</cmsannotation> The market has been driven by big sales, not only in terms of value but also because of who is selling these NFTs. The first half of 2021 has seen NFTs being minted by pop star Katy Perry and rapper Jay-Z to the founder of the Internet, Tim Berners Lee. Lee tied up with auctioneers Sotheby’s back in June to sell the source code of the Internet. The auction eventually <a href="https://www.livemint.com/news/world/world-wide-web-source-code-nft-sells-for-over-5-million-11625195177352.html">fetched</a> over $5 million. But popular celebrities aside, NFTs have also gained prominence in sports, something that could drive a lot of new traders and buyers to the industry. Indian NFT platform, Ratio, announced a cricket-based NFT service last week, while billion dollar football clubs from all over the world have also jumped into the space. As has the United States’ National Basketball Association (NBA). In fact, NBA Top Shots follows OpenSea in the fourth spot for top NFT selling platforms in the world right now. The platform was <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#slideid=85302534">launched</a> less than a month ago, on August 4. DAppsRadar reports that the platform has handled $1.728 million in trade volumes over the past 24 hours alone, with seven-day volumes crossing $7 million. OpenSea’s growth is a boon for the industry, which has been fighting to gain credibility in different countries. Experts have <a href="https://markets.businessinsider.com/news/currencies/nft-outlook-challenges-accessibility-storage-interoperability-mainstream-non-fungible-token-2021-8">said</a> that interoperability, scalability, authenticity and storage could be a problem for platforms in future. OpenSea supports the <keyword id="2462624" type="General" weightage="20" keywordseo="polygon" source="Orion">Polygon</keyword> ETH token right now, but doesn’t support the MATIC tokens that also runs on the Polygon platform. The company could use the growing trading volumes and sales to deploy new rules for the marketplace and increase authenticity. <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/cardano-is-hitting-new-high-as-investors-are-confident-about-its-upcoming-smart-contract-system-alonzo/articleshow/85486235.cms">Cardano overtakes Binance Coin to become the third largest cryptocurrency — here’s what’s driving the rally</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/lionel-messis-nft-collection-is-dropping-on-ethernity-tomorrow/articleshow/85480674.cms">Lionel Messi’s NFT crypto art collection ‘Messiverse’ is dropping on Ethernity tomorrow</a>

NFT platform OpenSea tops $1.5 billion in 30-day trading volumes

<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

India captain <keyword id="6354486" type="PERSON" weightage="20" keywordseo="virat-kohli">Virat Kohli</keyword> has moved back into the top five of the International Cricket Council's (<keyword id="6355164" type="UNKNOWN" weightage="20" keywordseo="ICC">ICC</keyword>) T20I rankings for batsmen. Kohli recorded unbeaten knocks of 73 and 77 in the second and third T20Is against England. The performances helped Kohli, who has had lengthy spells as the top ranked batsman in T20Is in the past, rose to fifth on the back of his performances in the second and third T20Is. Meanwhile, <keyword id="982208" type="PERSON" weightage="20" keywordseo="Shreyas-Iyer">Shreyas Iyer</keyword> jumped 32 places to 31st while <keyword id="3142448" type="PERSON" weightage="20" keywordseo="Rishabh-Pant">Rishabh Pant</keyword> gained 30 places to reach 80th in the rankings. All-rounder <keyword id="6354853" type="PERSON" weightage="20" keywordseo="Washington-Sundar">Washington Sundar</keyword> (up two places to 11th) and seam bowlers Shardul Thakur (up 14 places to 27th) and <keyword id="479464" type="PERSON" weightage="20" keywordseo="Bhuvneshwar-Kumar">Bhuvneshwar Kumar</keyword> (up seven places to 45th) have moved up the list for bowlers. England's <keyword id="3678141" type="PERSON" weightage="20" keywordseo="dawid-malan">Dawid Malan</keyword> retains the No.1 rank among batsmen in T20Is while Jos Buttler's match-winning 83 not out in the third match has helped him advance five places to 19th position, just two shy of his career-best 17th position attained in October 2018. Jonny Bairstow, who chipped in with 40 runs and was associated in an unbroken 77-run stand with Buttler in the eight-wicket win on Tuesday, has moved up two slots to 14th position in the list led by his compatriot Dawid Malan. <keyword id="2490284" type="PERSON" weightage="20" keywordseo="Jason-Roy">Jason Roy</keyword> has advanced four slots to 24th with scores of 49 and 46 in the first two matches. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/nazara-technologies-ipo-opens-today-should-you-subscribe/articleshow/81542657.cms">Nazara Technologies will be the first pure-play gaming company to debut on the Indian public markets – analysts are all in for it</a> <a href="https://www.businessinsider.in/stock-market/news/suryoday-small-finance-bank-initial-public-offer-ipo-worth-581-crore-live-should-you-subscribe/articleshow/81543610.cms">Suryoday Small Finance Bank IPO worth ₹581 crore opens today – should you subscribe?</a> <a href="https://www.businessinsider.in/tech/news/elon-musk-turns-down-1-million-for-the-tweet-he-was-selling-as-an-nft/articleshow/81546434.cms">Elon Musk turns down $1 million for the tweet he was selling as an NFT</a> <a href="https://www.businessinsider.in/stock-market/news/how-to-check-easemytrip-ipo-allotment-and-listing-date/articleshow/81548106.cms">EaseMyTrip IPO allotment live – how to check allotment, listing date and more</a>

Virat Kohli moves back into top-five of International Cricket Council T20I rankings for batsmen

The All-India Senior Selection Committee of the Indian cricket board (BCCI), after a discussion with the team management, has added <keyword id="612875" type="General" weightage="80" keywordseo="shardul-thakur" source="Orion">Shardul Thakur</keyword> to the main squad for the ICC T20 <keyword id="22177" type="General" weightage="80" keywordseo="world-cup" source="Orion">World Cup</keyword>, scheduled to begin in the UAE and Oman on October 17. All-rounder Axar Patel, who was part of the 15-member squad, will now be on the list of stand-by players. India's squad for ICC T20 World Cup: <keyword id="6354486" type="General" weightage="20" keywordseo="virat-kohli" source="Orion">Virat Kohli</keyword> (captain), Rohit Sharma (vice-captain), KL Rahul, <keyword id="496245" type="General" weightage="20" keywordseo="suryakumar-yadav" source="Orion">Suryakumar Yadav</keyword>, Rishabh Pant (wicket-keeper), Ishan Kishan, Hardik Pandya, Ravindra Jadeja, Rahul Chahar, Ravichandran Ashwin, Shardul Thakur, <keyword id="7137020" type="General" weightage="20" keywordseo="varun-chakravarthy" source="Orion">Varun Chakravarthy</keyword>, Jasprit Bumrah, Bhuvneshwar Kumar, Mohammad Shami. Stand-by players: <keyword id="982208" type="General" weightage="20" keywordseo="shreyas-iyer" source="Orion">Shreyas Iyer</keyword>, Deepak Chahar, Axar Patel The following cricketers have been asked to join the team bubble in Dubai and assist India in its preparations: Avesh Khan, <keyword id="12166053" type="General" weightage="20" keywordseo="umran-malik" source="Orion">Umran Malik</keyword>, Harshal Patel, Lukman Meriwala, <keyword id="582679" type="General" weightage="20" keywordseo="venkatesh-iyer" source="Orion">Venkatesh Iyer</keyword>, Karn Sharma, Shahbaz Ahmed and K. Gowtham. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/opensea-bug-left-worlds-largest-nft-market-vulnerable-to-hack-theft-and-hijiacking/articleshow/86992979.cms">A bug in the world's largest NFT market could have allowed crypto wallets to be hijacked or stolen</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/mobile/news/realme-gt-neo-2-with-snapdragon-870-soc-launched-in-india-starting-at-31999/articleshow/86992131.cms">Realme GT Neo 2 with Snapdragon 870 SoC launched in India starting at ₹31,999</a>

You Searched For "nft in cricket" and got 12 results

Hit and earn: Indian cricket fans can win as much as $500 a day playing cricket in the metaverse

Eetika Kapoor

Master blaster Sachin Tendulkar joins the NFT party with Rario partnership

Eetika Kapoor

‘Blockchain gamers have the same potential as YouTube streamers, TikTok/Instagram influencers’

Eetika Kapoor

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

BI India Bureau

Have Bollywood NFTs lost their glamour during the cryptocrash?

Eetika Kapoor

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

BI India Bureau

Test your crypto and cricket knowledge! Play our weekly quiz to win rewards

BI India Bureau

Sports NFT platforms have racked up nearly $1 billion in funding this week alone, despite market slump

BI India Bureau

NFT platform OpenSea tops $1.5 billion in 30-day trading volumes

BI India Bureau

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

BI India Bureau

Virat Kohli moves back into top-five of International Cricket Council T20I rankings for batsmen

IANS

Shardul Thakur replaces Axar Patel in India's T20 World Cup squad

IANS

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