The Australian Open is expected to be the very first Grand Slam to integrate Non-Fungible Tokens (NFTs) with on-pitch activity, resulting in a unique version of the work of art.
The Australian Open makes history
As part of a series of blockchain-related announcements made on Thursday, January 6, the Australian Open is making history, according to Gizmodo.
In addition to a collection of 6,776 NFTs nicknamed ” Art Ball NFTs », There will be small plots on the surface of the tournament field. The NFTs will be associated with each winning shot in the 600 games of the tournament, and owners will receive, among other things, a airdrop including a recording of the point, wearables virtual and Australian Open merchandise.
If the winning point occurs during a championship game and lands on a piece of the field, the real ball will be returned to the owner of the NFT in a case with a custom engraving. The location of the field for each NFT will be chosen during the minting from the collection, which takes place on January 13 for 0.067 ETH (around $ 350) per coin.
“The plot linked to the NFT will be randomly allocated and revealed during themintingballs, which means that a buyer cannot choose a specific position on the court», Revealed Adam De Cata.
Metaverse compatibility
In addition, the historic tournament also organizes a virtual competition on the Decentraland metaverse platform. In fact, while the tournament, which begins on January 17, is underway, fans can participate in an AO Decentraland World Night, a 3D virtual reality platform allowing tennis fans to explore the Australian Open. .
Due to the coronavirus pandemic preventing many people from attending in-person gatherings, virtual events such as the Australian Open could become more and more frequent.
“Thanks to this new wave of technology, tennis fans around the world will have the opportunity to participate in the 2022 Australian Open in a way that has never been available before.Said Craig Tiley, Australian Open tournament director.
Notably, the founder and director of the Trends Research Institute, Gerald Celente, recently revealed, during a discussion with the author of the book on personal finances Rich Dad Poor Dad, Robert Kiyosaki, whether we’re heading towards the metaverse trend, like it or not. He said:
“We are now entering one of our new trends, the metaverse. Love it or hate it, it’s virtual reality. You are going to see more and more people working from home.“
Finally, Celente argued that the metaverse would be the next big deal since commercial real estate has been overbuilt and is 60% unoccupied in the majority of US cities.
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Source: Finbold
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Clement Dubois
I like cryptocurrency. I’ve been studying it for several years now, but also investing in it and working in this field. In addition, I do articles on the subject where I try to be crisp!
