NFL Veterans Have Found a New Way to Monetize Their Likeness (Hint: It’s With NFTs)
TL;DR
The NFL Alumni Association is helping veteran players earn extra cash, by helping them launch collectible NFTs.
By launching NFTs depicting on-field moments from retired players, the NFL Alumni Association can generate income for them.
Through NFTs, players can reach/sell to millions of fans, all within a few clicks! All while royalty splits are automatically paid out to the respective parties, after each initial and subsequent sale.
Full Story
Alright, get this...
The NFL Alumni Association is helping veteran players earn extra cash, by helping them launch collectible NFTs.
Which sounds weird at first glance...but here's the thing:
Sure, each NFL player's name and likeness is valuable to some degree.
But not every retired player has a team of agents and managers working to get their face plastered on cereal boxes and across TV commercials.
By launching NFTs depicting on-field moments from retired players, the NFL Alumni Association can generate income for them.
Which is cool! But why NFTs?
Simply put: they're low lift! Nothing needs to be printed, shipped, or stored.
In fact, once the NFT's design is decided upon and uploaded to a marketplace, everything else is pretty much on auto-pilot.
Meaning players can reach/sell to millions of fans, all within a few clicks! All while royalty splits are automatically paid out to the respective parties, after each initial and subsequent sale.
Web3 technology being used to lower the barrier to entry to a global market?
We love to see it!