The non-fungible token (NFT) fad continues to roll along. For those unfamiliar with NFTs; they are pieces of media created on blockchain (like cryptocurrency) to ensure that each piece of digital media created is unique and impossible to edit or copy.
NFT artwork, or ‘CryptoArt’, is collected, traded and sold like baseball cards. Some NFTs have recently sold for tens of millions of dollars. Creating CrypoArt requires enormous banks of computer servers, which consume incredible amounts of energy. Many conservation groups have raised concerns about NFTs and the damage that they do to the environment.
According to TMZ Triller, who burst onto the celebrity boxing scene last year, are selling an NFT that shows Jake Paul’s KO of Nate Robinson from last November, for $10 million. Triller are justifying the price-tag by claiming this NFT will be a 1-of-1 collectible, meaning no other versions of this clip will be turned into an official NFT.
Whoever buys that NFT will also receive a 1-of-1 NFT of the last 30 seconds of Paul’s fight with Ben Askren.
The NFT market is extremely volatile, with prices for CryptoArt soaring and plummeting at a second’s notice. It is thought that, should something spectacular happen to finish the Paul vs. Askren fight, the NFT of that moment could be worth well in excess of $10 million.
Should the fight peter out and go the distance, the NFT buyer shouldn’t expect to make a profit off the token.
Triller are selling this NFT on their Triller NFT Marketplace platform, which is made using the Ethereum blockchain infrastructure.
This isn’t the first time an NFT has made waves in the world of combat sports. Recently it was claimed that Francis Ngannou made more money from an NFT sale than he did from the UFC for his recent title win over Stipe Miocic.
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