Why All Athletes Should Sell Their Own NFT
Non-fungible tokens or NFTs are some of the most powerful blockchain products available online right now. These digital assets offer a great way for creators to interact with fans and make money along the way. NFTs in sports are also a fantastic way to help athletes cash in on their fandom.
It’s pretty cool to see the entire sports industry begin to embrace futuristic technology such as Web 3.0 and NFT’s.
As an athlete, this is a once-in-a-lifetime opportunity.
We are at the beginning of the next wave of technology. Facebook didn’t just change its name to Meta for no reason.
Now is the time to learn about the future and figure out ways to capitalize (especially as an athlete).
You’ll regret it if you don’t.
1. Fan Engagement
As an athlete you have a built in fanbase. It starts in high school, grows immensely in college, and continues in to the pros.
You’d be surprised how many young kids look up to you and the amount of random people that follow your journey. Some of your biggest fans are behind-the-scenes.
Thanks to NFTs and Sportcash One you can now take advantage of this.
By selling an NFT you’ll be able to provide your fans with a more personalized experience and make them feel special.
2. NFTs Help With Personal Brands
NFTs are essential for personal branding as these tokens promote their name and what they can do. With every token sold, this is a way to interact with fans, much like trading cards. This connects the athlete to their fans and helps give joy to those who are loyal to the athlete’s brand.
Sports NFTs can improve fan engagement and let fans keep something about the athlete they like. Athletes need to remember that sports fans are some of the most loyal and rabid fandoms in the world. Many stay lifelong fans and even pass this love to the next generation.
NFT helps you capitalize on the hype around your name. No matter how big or small your fandom is, it’s important to capitalize on them if you’re looking for more fan interaction.
3. Passive Income
Every time your NFT is resold you are entitled to a percentage of the profits.
This equates to passive income.
The idea of purchasing digital items is still so new that the power of a secondary market is not yet realized. In 5 years, people will understand this much better — but it will be too late by then to capitalize on it.
4. NFTs Offer Fantastic Monetization
Much like with any merchandise, athletes who are looking for good monetization can make the most out of any NFT. As most NIL rights are left with the athletes, they can get total value from the tokens they are looking to sell. This makes non-fungible tokens a fantastic way to make money, especially for less-known athletes.
In almost every turn, there are people who are looking to profit off an athlete’s likeness and other intellectual property. However, as NFTs are a different mode of exchange, most contracts don’t cover these products just yet, which means athletes can get the most out of every token paid.