Home
News
- Oleksandra Oliynykova, a well-known tennis player has auctioned a part of her right arm as NFT
- This particular usage of NFTs is very much common in the arena of sport like the NBA and NFL
- The highest bidder of Oleksandra’s arm will have the ability to get her arm tattooed; so as to name it visible to the audience while she plays in a tournament
In recent weeks the take of NFTs have grown extensively, they have primarily taken over the worlds token exchanging procedures. These have given an open opportunity to musicians, artists, players, etc to convert and use their works in the tokenized forms. They also get an opportunity to make use of it by making it a unique cryptological blockchain.
20-year-old Oleksandra Oliynykova is not a musician or a digital artist. She was in no way known in the domain of crypto. She is a well-known professionally playing Tennis player.
Oleksandra happened to have made her first and last minting of NFT this Wednesday. She has an ITF ranking of 30, in the World Tour and WTA (Women’s Tennis Association) ranking at 649. She has a buyer to have a lifetime right to the parts of her right arm. The more specific detailing of this offer includes the portion above the elbow area of her arm.
The procedure of the bidding
Every unfamiliar man would feel this being similar to real estating with the inclusion of sports merchandising domain. But coming to the thinking procedures in the world of tennis, this particular part of the arm is something whose value is the same as that of a Time Squares billboard, which is a huge thing.
Whoever happens to win in the bidding process will have the power to resell it, fund tattooing of the arm, or leave it blank. Whoever happens to win the bidding of her arm, can propose for the drawing of a tattoo which would be visible whenever she plays in Wimbledon, US Open or French Open. She participates in nearly 20 tournaments over the year, wherein this would be visible to the audiences. This would set a new trend in the world of sports globally.
Usage of NFTs across the sports arena
The usage of NFTs is not something new in the arena of sports. NBA (National Basketball League) has launched some of the most positive and successful NFTs. Site collector named as NBA Top Shot does this. Until today there has been an investment of around $330 million by these collectors made on second game clips. Recently in the past week, Rob Gronkowski, a star of the National Football League has taken to minting a Super Bowl NFT collection.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
