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NFTs Break Into Football Market

F
antastec SWAP and Dapper Labs have partnered to form a new Non-fungible Token (NFT) marketplace for football, advertising collectables from big name clubs like Real Madrid, Borussia Dortmund, and Arsenal.

Fantastec SWAP NFTs will be available on Flow, Dapper Labs next-generation blockchain, for fans to “buy or sell on a peer-to-peer basis.”

Recent collections from Fantastec SWAP include the signature of Dortmund star, Erling Haaland from his first season with the club, and “Gareth Bale’s wonder goal for Real Madrid in the 2018 UEFA Champions League Final.”

Fantastec co-founder and product development partner, Simon Woollard, said the partnership marks an upgrade for the SWAP fan community worldwide.

“Over the last few seasons we have consistently crafted a memorable range of unique NFTs and we are especially proud to have created the first ever women’s football NFT collections with the Arsenal women’s team,” Woollard said.

“There have been so many special players and moments throughout the past three European football seasons – now our SWAP fans have the option to sell these highly prized NFTs via the Flow secondary market.

“It’s an exciting milestone and brings powerful new features to worldwide fans utilising our platform today and in the future,” he said.

Sportico reported over 400 people from 11 different countries have expressed interest in buying an NFT from Necaxa which includes 1% ownership of the Liga MX side.

With a reserve price of $1.3 million, the winning bid would receive ownership benefits, but no voting rights, and have the ability to sell to anyone who meets a base line standard.

However, the Mexican Football Federation has stated league approval is still required for any change to a club’s control.

According to Bloomberg, Necaxa co-owner, Al Tylis, said including an NFT was a way to generate interest.

“We’re adding something unique, and which has never been done before, which is to tie the NFT to actual ownership,” Tylis said.

“You’re not just buying a more traditional NFT that gives you social currency.

“This is a new asset class, where we are creating the first of its kind, and if I’m right and there will be other sports teams {which create] assets that have NFTs, I believe that [this stake], which is the first of its kind ever will have real, tangible, long-term value,” he said.