NFT has been the hottest topic of the last year. Big brands such as, Nike, Tiffany & Co. Gucci engage in token sales for their fans. For example, Nike total revenue on its collection is more than $180M DEX metrics 📊 Today we will focus on how NFT tokens (and all technology) will be used on the Zetly platform. How will clubs and federations be able to issue their tokens? And how will sports fans can start collecting NFTs?
Zetly NFT Creator
Zetly NFT Creator is a module designed specifically for clubs. With it, all kinds of sports organizations can bring the engagement of their fans to a whole new level by issuing their own NFT tokens. NFT Creator will be a simple solution that will provide the ability to issue NFT tokens quickly, easily. In the same way that content creators & marketers today can create a landing page using drag-and-drop generators, the exact mechanism will work on the Zetly platform. This will allow sports clubs to transfer to the blockchain any file (mp3, mp4, png/jpg), representing, for example, a selected sports moment that arouses excitement among fans. The NFT Creator will also have control over each collection’s supply and rarity, so the value of unique collections on the secondary market can reach high valuations. It is worth adding here that files can be transferred to the blockchain and turned into NFT. The possibilities of the non-fungible technology itself are unlimited, so the application of a NFT depends only on the creativity of the clubs and federation and their partners.
What is the process of issuing an NFT?
After completing all the formalities related to the visual aspect of the collection, the process of minting (creating a token on the blockchain} will take a few minutes and is very intuitive. All that is required for the collection’s creator is to pay a small transaction fee (Zetly will use a technology stack of fast and low-cost blockchains). That’s it. The tokens issued on Zetly can be freely distributed on the market — the creator can withdraw them from Zetly and transfer to an external exchange or wallet. Still, the creator can also entrust the sale of his collection to the Zetly platform, which supports its partners with marketing facilities and valuable know-how.
NFT as the proof of ownership
It is worth mentioning that tokens do not have to represent only sports moments but can also be proof of ownership of a physical gadget. Does it matter? Of course! A massive problem in the market is posed by counterfeit sports jerseys or fan gadgets that are not sold directly by the club in question. Such a phenomenon causes the need to be diluted and the original makers of gadgets to lose financially in the ever-faster growing market for fake products. Our goal is that a certificate of ownership in the form of an NFT can confirm the originality of an item, while eliminating the market for counterfeit products. If it is clear from the official information published by the club in what quantity and when a particular collection of shirts was issued, fake fan gadgets will be out of the question.
Bottom Line
Thank you for your time! If you are interested in exploring the possibilities that NFT technology brings to the Zetly platform, read our Whitepaper and learn how the platform will ultimately function.
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