Non-fungible tokens are unique representations of real-world assets made ownable and tradeable using blockchain technology. Like other sports, cricket has entered the digital world of non-fungible tokens (NFTs). It has led to skeptics of the digital asset, which has grown in popularity around the world.
What exactly is a cricket NFT?
A cricket NFT is a gaming NFT collectible that may be purchased from a specific marketplace (online), exactly like a tangible object. To put it simply, purchasing a cricket NFT is similar to purchasing a product from an auction or exhibition. For example, exclusively owning this picture of MS Dhoni hitting the six to Nuwan Kulasekara in the 2011 World Cup final Like other NFTs, a cricket NFT also contains digital assets related to cricketing events and personalities.
How do NFTs help cricket?
There are some very interesting prospects for cricket fans to take advantage of if we look at what other sports are doing in the NFT area. In collaboration with Sony, Manchester City FC is building a virtual stadium where NFT owners may gather and watch live games from the stands. Imagine being able to watch the Ashes from the comfort of your home while enjoying the stadium’s atmosphere remotely. What about an NFT that gives you the opportunity to vote on the batting order for the team you support? These fantasies might soon come true thanks to the authentication provided by NFTs.
Conclusion
In closing, this digital technology is hoping to capitalize on the multi-billion dollar idea of bringing together cricket and NFTs. The MCL ushers in a new era for cricket fans who are interested in investing in NFTs.
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