Tom Brady, the football star, and Naomi Osaka, the Japanese tennis star, have launched a new NFT Platform called ‘Autograph’.

This incident sheds light on the highly demanded NFT market that’s also growing in millions of trading volume per day. The tokens, which are called NFTs, are far behind Bitcoin and Ethereum. This platform will facilitate digital ownership of sports memorabilia by sports fans. It will make use of the rapidly growing NFT market for the same.

After showing his initial interest in crypto, Brady has become a pioneer when it comes to athletes participating in the NFTmarket. 

Autograph:

The platform is co-chaired by Brady and Richard Rosenblatt, the internet entrepreneur. They have decided to sell digital sports memorabilia from Osaka, Brady, the hockey star Wayne Gretzky, and the skateboarder Tony Hawk.

Osaka has decided to be on the advisory board of the company. However, this is not Brady’s first attempt in the field of crypto. He and his wife, Gisele Bundchen, had taken an equity stake in FTX trading limited, and they are supposed to receive crypto in this partnership.

According to Brady, Autograph is specifically for sports fans and followers to have their own iconic moments through official digital collectables.  According to the website autograph.io, it makes one-of-a-kind individually signed items available to buy for them, along with some exclusive content and experiences. 

NFTs:

NFTs are abbreviated for the Non-fungible token. NFTs can represent any type of digital file and are a unit of data stored on the blockchain. It certifies digital assets to be unique and non-interchangeable. NFTs have now taken the world by storm by rejuvenating the blockchain movement. It has a substantial influence to transition the world into a more digital and secure one.

Rushali Das

CBW - External Analyst

INDIA