Reading the news on the topic of cryptocurrencies, I found an interesting article on the topic. Again, the trend is now fashionable NFT.
World’s First Cricket-Based NFTs Launching Ahead of T20 World Cup World’s First Cricket-Based NFTs Launching Ahead of T20 World Cup
Indian tech startup Rario is set to launch the world’s first cricket-based non-fungible tokens (NFTs) on August 15, well ahead of the Twenty20 World Cup scheduled for October-November.
Subcontinental business website The Economic Times reports that Rario has already secured the Lanka Premier League Twenty20 competition as a partner and is in negotiations with three more major leagues.
Rario claims it has initially signed male and female players from India, South Africa and Bangladesh to offer their digital collectibles to fans. Big names cited include former India fast bowler and official Rario ambassador Zaheer Khan, South African batsmen AB de Villiers and Faf du Plessis, plus Smriti Mandhana, a star of India’s women’s team.......
^^^ Not a fan of the NFTs. I always thought that it is just another way to scam unsuspecting cryptocurrency investors and in this particular case that seems to be precisely what is happening. It would be interesting to know how much of the profits will be going to Rario and how much the players are expected to receive. If the players (or at least the national cricket board) get at least 50% of the proceedings, then I am OK with it. On the other hand if the proceedings mostly go to the corporate and they distribute some crumbs to the players, then this should not be supported.
@Vishnu.Reang you have raised a very important question about revshare, but I feel player’s won’t be complaining much because this is additional income they never had in the first place. Furthermore I doubt the player’s would be getting 50%, my best guest would be around 30% anything more than it would be pure bonus for them.