World Wrestling Entertainment, Inc. plans Mark William Callaway, popularly known by the ring name Undertaker, is releasing his first non-fungible tokens (NFTs) to showcase great moments from the legendary legendary fighter.
The goal behind launching these NFTs is to celebrate the Undertaker’s legacy and increase fan engagement. Of course, the Undertaker is considered the best WWE Superstar of all time, having won multiple titles during his wrestling career, including three-time heavyweight world champion and the longest unmatched winning streak at WrestleMania with twenty-one wins and zero losses. The Undertaker retired from professional wrestling in November 2020 after 33 years of wrestling activities.
WWE – the company listed on the New York Stock Exchange – has partnered with cryptocurrency wallet provider Bitski to launch the initiative.
WWE will post the NFTs on Bitski’s website today, April 10th, at 10:30 am Eastern Time. The NFTs will be available for auction purchases in two installments between April 10 and April 11. Entrants must have a Bitski account, and winners will receive NFTs in their wallets.
The Undertaker NFTs are offered in four grades – platinum, gold, silver, and bronze. The platinum tier has an opening bid of $ 10,000 while the gold tier has an opening bid of $ 5,000.
Silver and bronze tiers have fixed prices of $ 1,000 and $ 100, respectively, with some limited offers.
The higher bidder for the platinum tier will receive two front row tickets for WrestleMania 38 in 2022 and WrestleMania 39 in 2023, as well as VIP access, hotel accommodation and a personalized video from Undertaker.
More recently, Triple H, a retired wrestler and the current Executive Vice President of WWE, spoke about integrating NFTs into the sport in an interview with battle writer and podcast creator Jeremy Lambert. However, he wasn’t sure when such integration into wrestling would take place.
NFTs That Attract Investor Interest
Non-fungible tokens (NFTs) are digital blockchain tokens that represent ownership of unique items (such as music, art, real estate, or even whiskey barrels), whether physical or digital. They are something with units (value) that can be bought and sold like any other property, but have no tangible form of their own.
NFTs have become the latest trend in the world of digital and crypto assets, and the hype surrounding such tokens has currently resulted in an explosion of digital art being sold through blockchain technology. There is currently a significantly growing interest in these tokens among investors.
For example, Twitter founder Jack Dorsey recently sold his first NFT tweet for $ 2.9 million. A blockchain firm recently purchased a Banksy artwork valued at $ 95,000. Millions of people around the world have seen Beeple’s art sell for $ 69 million, and the image has been copied and shared countless times.
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