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Tom Brady Explores NFTs 🏈

After beating the Kansas City Chiefs in the Super Bowl to win his 7th ring, legendary NFL quarterback Tom Brady is taking on a new business venture. The GOAT already has a line of fitness apparel, supplements, food, and workout gear — now he’s diving into the emerging world of NFTs, launching his own NFT company.

Brady is joining in on the hype as NFTs continue to rise in popularity, producing colossal sales and attracting interest from athletes, entertainers, and business leaders.

The NFT platform is called Autograph and Dillon Rosenblatt, CEO, and co-founder of Autograph, said the company “will bring together some of the world’s most iconic names and brands with the best-in-class digital artists to create and launch NFTs.”

NFTs, or non-fungible tokens, are cryptographic assets stored on the blockchain, the digital system laying the foundation for cryptocurrencies like Bitcoin and Ethereum. While cryptocurrencies are fungible, meaning you can trade one coin for another identical coin, each NFT is unique and non-fungible.

Brady will serve as the co-chair of Autograph, and of course, the company will also produce NFT’s featuring the 7-time champ himself.

If you’re curious how much an NFT of the best football player of all time would sell for, just look at what happened over the weekend. The most valuable trading card in football history, a Tom Brady rookie card, sold for $2.25 million, breaking Fitbit CEO and co-founder James Park’s record purchase of $1.32 million last month.

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Originally published at https://invstr.com on April 9, 2021.

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Financial insights and news to helping educate investors. We deliver content from market leaders, academics, investors and more who are keen to share their intelligence on the latest business developments.

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