American Olympic gymnast Simone Biles is the latest superstar athlete to partner with Autograph, an NFT platform cofounded by Tom Brady, to release a range of digital collectibles powered by blockchain technology -- i.e., non-fungible tokens. In addition, Biles will become a member of Autograph's advisory board, joining other prominent athletes, including Tony Hawk, Naomi Osaka, Tiger Woods, and Derek Jeter.
According to Biles, the collection will consist of over 10,000 one-of-a-kind NFTs, with a starting price of $12 US. The new digital content will only be available on Autograph.io and DraftKings Marketplace, another newly launched sports-specific NFT platform.
“As I look ahead in my career, I’m really interested in diversifying my creative skills and connecting with my fans in a new way,” said Biles, about her decision to embark on producing a digital-only collection of NFTs.
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Key Themes Behind This Trend
- Athlete NFT Collections
- The rise of athlete NFT collections presents an opportunity to disrupt traditional sports merchandise and memorabilia industries.
- Blockchain-powered Digital Collectibles
- The use of blockchain-powered technology for digital collectibles opens new possibilities in ownership and authenticity verification.
- NFT Advisory Boards
- The creation of NFT advisory boards, such as Autograph's board of prominent athletes, provides an opportunity for industry leaders to shape the future of digital collectibles.
Where This Applies
- Sports Memorabilia Industry
- The sports memorabilia industry can be disrupted by the use of blockchain and NFT technology for collectibles.
- Digital Art Market
- The rise of NFTs for sports collectibles presents an opportunity to expand the digital art market.
- Online Marketplace Platforms
- Online marketplace platforms, such as Autograph.io and DraftKings Marketplace, can benefit from the rising popularity of blockchain-powered digital collectibles.
