IOI
Virender Sehwag, a former Indian opening batsman, is the latest player to join the non-fungible token (NFT) bandwagon. He’s joined Rario, the world’s first fully sanctioned cricket digital collectibles platform, which allows fans to buy and exchange NFTs of cricketers as well as international leagues.
Rario will have the sole opportunity to use Sehwag’s best cricketing moments in the form of NFTs as a result of the agreement. “Through this agreement, we will be the first to offer Virender Sehwag’s NFT videos, cards, and memorabilia – must-haves for his millions of fans and followers,” said Ankit Wadhwa, Rario’s CEO and co-founder.
When asked about the collaboration, Sehwag remarked, “Until a few years ago, no one could have dreamed that fans would be able to do more than sit in the stands or watch the game on television. They may take part in and own historical moments in cricket because to NFTs, which is wonderful. This, I believe, is an excellent step toward bringing me closer to my followers.”
He also tweeted: “Virupanti in the Rario Cricket Metaverse. I am excited to announce that I have entered into an exclusive partnership with @rariohq. Tell me about your favourite Viru Moment.”
Zaheer Khan, Rishabh Pant, Smriti Mandhana, Shafali Verma, AB De Villiers, Shakib Al Hassan, and Faf du Plessis were all signed by Rario in 2021. The Caribbean Premier League, T10, and Lanka Premier League were also given exclusive NFT rights. Rario’s past pack drops have received a phenomenal fan response, with a Caribbean Premier League pack selling out within two hours of its launch, demonstrating the growing popularity of cricket NFTs around the world.
What exactly are NFTs?
NFTs are digital assets that reflect real-world artefacts like art, music, films, in-game items, and so on. It is usually purchased and sold online using bitcoins. It’s usually encoded using the same blockchain software as many other cryptos. NFTs are tracked on the blockchain to offer proof of ownership to the buyer. When an NFT is sold, the inventor receives a payment in cryptocurrency.
While cryptocurrencies can be traded and/or transferred, NFTs are one-of-a-kind and cannot be exchanged for anything else. The buyer can possess an original item through NFT. It has built-in authentication that acts as proof of ownership. As a result, they’re extremely valuable.
