What is NFT & how does it work?

In many NFT sales, what the buyer gets is simply the unique entry in the blockchain database that identifies them as the owner of the digital good — the token, rather than the thing the token represents.

Why are boxers launching NFTS on the blockchain?

Legendary and new boxers started launching NFTs on the blockchain for their fans. Examples of boxers with NFTs are Mike Tyson, Floyd Mayweather, Tyson Fury, Muhammad Ali, Olexander Usyk, and Jake Paul. Boxers are taking advantage of their star power and business savviness when monetizing on their most meaningful moments in the ring.

What is NFT (non fungible token)?

NFT stands for non-fungible token. It’s generally built using the same kind of programming as cryptocurrency, like Bitcoin or Ethereum, but that’s where the similarity ends. Physical money and cryptocurrencies are “fungible,” meaning they can be traded or exchanged for one another.

What are some examples of NFTS in boxing?

Examples of boxers with NFTs are Mike Tyson, Floyd Mayweather, Tyson Fury, Muhammad Ali, Olexander Usyk, and Jake Paul. Boxers are taking advantage of their star power and business savviness when monetizing on their most meaningful moments in the ring. As a result, every knockout of their opponent could become an NFT that lives forever.