Los Angeles (CoinChapter) – NFL legend Tom Brady is the latest high-profile athlete to join the NFT (non-fungible token) craze. The seven-time Super Bowl champion announced he is launching his own NFT platform called Autograph later this year.
Tom Brady and entrepreneur Richard Rosenblatt will serve as co-chairs of Autograph. The company’s advisory team will feature the likes of Apple SVP Eddy Cue and DraftKings co-founders Jason Robins and Paul Liberman. Los Angeles Dodgers and Golden State Warriors co-owner Peter Guber will also be part of the project.
Autograph will produce NFT’s of Brady, which figure to be among the most popular digital collectibles. A physical rookie card of the Tampa Bay Buccaneers quarterback recently sold for a record $2.25 million.
Live auctions to be held on Autograph
Autograph additionally plans to hold live auctions, physical product drops and in-person experiences when the public health situation improves.
“Autograph will bring together some of the world’s most iconic names and brands with best in class digital artists. To ideate, create and launch NFTs and ground-breaking experiences to a community of fans and collectors.” Said co-founder and CEO Dillon Rosenblatt in a statement.
The NFT space has exploded in recent months, with the sports world leading the charge. Dapper Labs’ NBA Top Shot is growing more popular by the day and boasted over 350,000 users at the end of February.
The online marketplace has generated billions of dollars worth of sales, and one collector recently rejected a $1 million offer for a Zion Williamson NFT.
NFT ‘Mars House’ sells for over $500,000
In addition to the professional sports scene, NFTs are now crossing over into real estate. A Toronto buyer recently purchased the NFT home ‘Mars House’ for $512,712 worth of Ether in March.
The house was sold on NFT marketplace SuperRare. The buyer received 3D files and clips of the NFT piece set to music. Those files can then be uploaded to the buyer’s metaverse and used as a home for their avatar.