fbpx
QQQ
+ 2.15
345.59
+ 0.62%
DIA
+ 3.22
335.56
+ 0.95%
SPY
+ 2.53
420.07
+ 0.6%
TLT
+ 0.23
143.04
+ 0.16%
GLD
-0.11
166.25
-0.07%

Boxing Star Floyd Mayweather Launches NFTs This Month

May 11, 2021 4:45 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
Boxing Star Floyd Mayweather Launches NFTs This Month

World-famous boxer Floyd Mayweather will release his blockchain non-fungible tokens (NFTs) later this month.

What Happened: Mayweather is releasing his NFTs on May 26, partnering with digital asset companies IronBend, Reality Gaming Group, and Zytara Labs.

The tokens will be released ahead of Mayweather's fight with YouTuber-turned-boxer Logan Paul on June 6.

Mayweather's NFTs will feature animations, artwork, and memorabilia involving his life and career, as well as memorabilia from his personal keepsakes.

It will be a collection of 5 NFTs as well as a rare one-of-a-kind token. 

Why It Matters: Mayweather is not new to the cryptocurrency space, considering that he promoted numerous initial coin offerings (the crypto equivalent of an IPO) during their highest craze in 2017.

Multiple people involved in the offerings promoted by him were indicted and even sentenced to years in prison for their fraudulent schemes.

See also: Best NFT Related Stocks

NFTs are different from most tokens or Bitcoin (CRYPTO: BTC) because there are no two that are the same, making them a great way to ensure scarcity of digital collectibles or digitized representations of physical goods.

Image: rcelis via WikiCommons

For the latest in financial news, exclusive stories, memes follow Benzinga on Twitter, Facebook & Instagram. For the best interviews, stock market talk & videos, subscribe to our YouTube channel.


Related Articles

Jay-Z's Record Label Sues Co-Founder For Trying To Sell First Album As NFT

Roc-A-Fella Records (RAF), co-founded by American rapper Jay-Z and music producer Damon Dash, is now suing the latter for attempting to sell Jay-Z’s debut album as an NFT. read more

Crypto Bank Nexo Lists Polkadot, Lets Users Earn 8% APY

Crypto bank Next integrated Polkadot (CRYPTO: DOT), with support for buying, selling, earning interest, or borrowing against the coin. What Happened: According to an announcement shared with Benzinga, Nexo customers will be able to earn up to 8% interest and borrow against DOT at just 6.9% APR within the platform. read more

GDA Capital And Leading Organizations Host Next Top Blockchain Startup Competition

As the blockchain and cryptocurrency industry continues its accelerated growth over the next few years, established platforms have started encouraging new development teams. The expertise, network, and funds needed for an entrepreneurial endeavor are not easy to come by. read more

South Korean Giant's Token Rallies 50% Following Binance Partnership News

Klaytn (CRYPTO: KLAY), the cryptocurrency of South Korean internet giant Kakao Corp. (KRX: 035720), rallied over 50% after the news of a partnership with the world's top crypto exchange Binance. read more