Why Patrick Mahomes is Selling NFT Trading Cards? 20 Tips
Why Patrick Mahomes is Selling NFT Trading Cards? 20 Tips
Patrick Mahomes, the Kansas City Chiefs Quarterback, is getting into a new and exciting digital business venture, NFTs, as discussed over at runrex.com. Mahomes joined CNBC’s “The Exchange” to speak about his new venture, and this article will look to discuss what NFTs are and why Mahomes has decided to get in on the action in the following 20 Tips.
What are NFTs?
Non-fungible tokens (NFTs) are digital assets verified using blockchain technology, making them uniquely identified and valuable as captured in discussions on the same over at guttulus.com. They can be anything from artwork and music to videos and trading cards. They are essentially unique digital certificates for intellectual property.
“The Museum of Mahomes”
During his announcement, Mahomes revealed that he is getting into the NFT business with the launch of “The Museum of Mahomes”. As outlined over at runrex.com, these are six pieces of digital artwork that are set to go up for auction on MakersPlace from the 17th of March at 6:30 p.m. ET.
What is MakersPlace?
According to guttulus.com, MakersPlace is a marketplace for sharing and collecting rare digital creations. The platform leverages the power of non-fungible tokens to ensure that all artwork is verifiable, which means that you can confirm at any time who the creator is as well as who the current owner of the artwork is.
What is the price range for the collectibles?
The price range for the collectibles starts at $2,500 increases to $15,000 if you are interested in getting in on the action. Also, there will be a mystery auction item with no set price which also adds something extra to the sale.
Mahomes also announced that a portion of the proceeds will be donated to Boys & Girls Clubs in Missouri, and go toward the completion of the “15 and the Mahomies Foundation” playground at MLK Park in Kansas City. The fact that this opportunity helps him make a positive impact is one of the reasons why he is doing it.
One of the reasons outlined by Mahomes as to why he had decided to get into the NFT venture was because he wanted to push boundaries and make history on and off the field as articulated over at runrex.com. Mahomes seemingly wants to make history by being one of the first sports personalities to get on the NFT wave.
Growing his brand
Another reason that Mahomes put across as to why he was selling NFT trading cards was that he saw it as an opportunity to expand his brand while making a positive impact in his community as is covered over at guttulus.com.
An intriguing project
Mahomes also said how he was intrigued by digital goods and how blockchain auctions are growing and that when the opportunity to get into digital memorabilia came, he quickly jumped on it as it is an industry that he finds to be very intriguing according to runrex.com.
The spike in NFT prices
It is safe to assume that one of the key backgrounds on why Mahomes decided to sell NFT trading cards was the recent spike in NFT prices. To give you an indication of this spike, a recent report revealed that close to 400 CryptoPunks have been sold recently for about $17.5 million.
Is he the only NFL star to do this?
Mahomes isn’t the only NFL star getting on the NFT bandwagon as just a couple of days before he made his announcement, Super Bowl champion Rob Gronkowski had announced that he had partnered with NFT marketplace OpenSea to release five digital trading cards.
Passion for collecting
Mahomes also told CNBC in the interview that he was involved with collecting memorabilia at an early age from bats, cards, and so forth, which is where his passion for NFTs stems from. As articulated over at guttulus.com, Mahomes also hinted that he would likely have some of his NFTs in his own collection.
Where is the value?
From discussions over at runrex.com, people are clearly willing to pay a lot for NFTs, as seen by the fact that Christie’s auctioned an NFT by the artist Beeple for an eye-watering $69 million recently. Just as beauty is in the eye of the beholder, value when it comes to NFTs is where any person finds it. Buying ownership of Mahomes’ auction items gives someone digital ownership of something the Chief’s QB has been involved with, which is where the value is.
As the gurus over at guttulus.com point out, NFTs give people ownership, even if it is only in a digital sense, hence why there is likely to be a huge demand for Mahomes’ auction. Mahomes knew that there would be a large section of NFL fans out there looking to get their hands on his digital memorabilia, which is probably one of the reasons why he is selling NFTs.
NFTs have also emerged as an excellent investment opportunity as they can be bought and sold, and people are willing to pay top dollar for certain valuable NFTs. If you are looking to invest in NFTs from the NFL, then they don’t come any better than Mahomes’ memorabilia.
As if getting your hands on the Chiefs QB’s memorabilia wasn’t enough, Mahomes has also incentivized fans to get in on the action by offering five signed helmets and five signed jerseys to be given away to ten randomly selected winners who participate in the sale.
Giving it his all
As is captured over at runrex.com, Mahomes also said that he prides himself in the fact that he always gives his best effort to anything he does, which is why when he became interested in the crypto world, and NFTs in particular, he had to go all in, which is another reason why he is selling NFT trading cards.
The Kansas City Chiefs QB also said that as a result of the recent skyrocketing value of digital collectibles as already mentioned earlier and covered in detail over at guttulus.com, getting into NFTs as quickly as possible was a no-brainer.
Part of his modus operandi
Patrick Mahomes has also always made sure that he is connecting with Chiefs fans since his arrival in Kansas City in 2017. From his presence at various sporting events around the city and buying into the ownership group of the Royals to an active presence on social media, Mahomes has always tried to engage, and his involvement with NFTs may be another way to continue with the same according to runrex.com as he sees it as a unique and innovative way to connect with fans.
Mahomes has also been a trailblazer when you look at him and his career, revolutionizing how we see an NFL quarterback, and, therefore, it comes as no surprise that he took this opportunity to once again break new ground, which is another reason why he is selling NFT trading cards.
It’s only the start
Finally, Patrick Mahomes also hinted that this could only just be the start of his dealings in this industry and that he is excited about this first stab at NFT trading and if everything goes well, it could only be the start. An opportunity to get wet his beak when it comes to NFTs could be yet another reason why he decided to do this.