Blockchain-based cricket platform launches world’s first cricket exclusive NFT Marketplace
Singapore headquartered crypto cricket platform named ‘Cricket Foundation’ has gained about 120 partners from the world of cricket including legends like VVS Laxman, Wasim Akram and Lance Klusener. The development comes after the platform launched the first NFT marketplace of its kind called “CricketCrazy.io”.
Cryptocurrency and blockchain technology has been gaining immense popularity in the western market and is now set to enter the cricketing world. Even before its launch, “Cricket Foundation’ claims to have over 50,000 users and boasts over 60,000 followers on social media.
The medium of transactions on the platform for all of its applications is the Cricket Token (CRIC). Apart from its use for the platform’s governance, it is the core of the security and integrity of the Cricket Foundation platform. In the last week, CRIC Token was successfully listed on Indian and international crypto exchanges, with a market cap of over $200 million.
The world’s first cricket exclusive NFT marketplace (Take a look at Basketball NFT news), CricketCrazy.io, was launched by Cricket Foundation on September 15. On the first day, the cricket blockchain platform has over 50 unique moments from cricket history worth more than $200,000. Additionally, it will add 5 Non-Fungible Tokens (NFTs) of iconic moments daily. The platform has more than 20,000 cricket media assets in the library to choose from, contributed by its several partners.
The founding partners include V.V.S. Laxman, Wasim Akram, Parthiv Patel, Lance Klusener, Shaun Tait, Saqlain Mushtaq, Michael Vaughan, Piyush Chawla, RP Singh, Deep Dasgupta, Pragyan Ojha, Veda Krishnamurthy, Rikki Clarke, Imad Wasim, Boria Majumdar, and Marron Media among many others.
Former India Test cricketer and Co-Founder of Cricket Foundation, Parthiv Patel, spoke at the virtual launch of ‘CricketCrazy.io’, the world’s first NFT (non-fungible token) marketplace exclusive for cricket. He said, “It is a novel way for us to engage with our fans, CricketCrazy presents a unique digital offering to cricketers and franchisees to enhance their reach as well as the relationship with fans by giving them a sense of belonging, involving them in community decisions, and keeping them engaged with the game. For the fans, NFTs are the only way to provably own digital sports assets and collectibles.”
Parthiv also feels that cricketers also need to take care of their finances post-retirement. “You talk about say 35-36 (years of age), not many players actually go on to play till 40. So, you have to manage your finances as well,” he added. “Once you are retired, it is very difficult to get going with that same flow, so platforms like this (Cricket Foundation), if you can explore it, then you can sustain it throughout the life. So finance thing is a very very big part of any cricketers’ life now.”