Future Hall of Famer Tom Brady, along with Japanese tennis superstar, Naomi Osaka launched their own non-fungible token platform called Autograph. The NFT platform launched mid-August on the DraftKings Marketplace.
Though, NFTs can be anything digital like music, drawings or even your brain downloaded and turned into an AI. Currently, the hot ticket is digital art. For Autograph, they are looking to sell digital sports memorabilia from athletes. Tom Brady will co-chair with internet entrepreneur Richard Rosenblatt and sell memorabilia from athletes like himself and Naomi Osaka. In addition, they have hockey legend Wayne Gretzky, Derek Jeter, Tiger Woods, and Tony Hawk working with them.
Tom Brady and Other Athletes Jumping Into Crypto
Tom Brady is a trailblazer when it comes to the cross-section of athletes and the NFT market. He initially showed great interest in cryptocurrency and currently owns an equity investment in FTX Trading Limited with his wife. They will receive cryptocurrency as part of the agreement.
Image Via PR Newswire
Naomi Osaka is no stranger to crypto either. In addition to joining the company’s board of advisors with Jeter and Woods, Naomi Osaka has a line of signed collectibles on Autograph. Back in April, Osaka also released a collection with her sister called “The Colors of Naomi Osaka.” It featured six pieces of art and raised almost $600,000 for Naomi’s foundation, The Play Academy.
What are NFTs
NFTs are not like anything else on the crypto market. They are actually not a currency at all. The “non-fungible” in NFT basically means that it is unique. There is nothing out in the market with the exact value. Whereas one bitcoin can be traded for another and the values are still the same. This makes bitcoin fungible. However, just like other cryptocurrencies, each NFT is part of a blockchain. These are to prove authenticity to an NFT. If someone buys it from the originator, the originator would be selling their part of a blockchain that holds the authenticity of an NFT.