The non-fungible tokens space or NFTs is the latest bustling trend in the crypto-town. In the latest development, an NFT, depicting the iconic moment of Tennis Star Andy Murray’s Wimbledon win back in 2013, has been sold at an auction for a whopping $177,777.
This comes weeks after the popular digital artist Mike Winklemann, a.ka. Beeple, co-founded a non-fungible token venture, dubbed WENEW. The main objective of the initiative was to leverage blockchain to identify classic moments in history. The minting of Andy Murray’s win at Wimbledon in 2013 was the venture’s first NFT plan to celebrate the Scottish tennis player
Beeple had been fueling the growth of non-fungible tokens. While speaking about the rapid successes and massive forat of capital into space, the animator had earlier said that NFTs depict a new paradigm, “not just in how people can invest their money but in how we conceive of our shared experience and how we celebrate remarkable achievements.” He also asserted,
“They give people a way to meaningfully engage with the memories and moments that matter to them — maybe even inspired them or shaped who they are in some way. WENEW exists to facilitate and make concrete these once-abstract connections.”
WENEW had also announced entering into a partnership with TIME, Universal Music Group, Warner Music Group, Wasserman, and Endeavor. Endeavor’s IMG negotiated the rights to mint the first NFT on the platform. Besides, TIME acted as the curation partner that assisted in WENEW’s hunt for iconic moments to release on the platform.
Murray was quoted saying,
“I’m still learning about NFTs but it feels like an exciting area and one I’m sure more athletes and content creators will be getting involved in.”
Growth of NFT
The non-fungible token market has taken the world by storm and has been quite successful in capturing the imagination of many skeptics. The COVID pandemic has further triggered a massive surge to the sector as masses opted for the virtual and digital route. According to Reuters’ latest report, the sector has appreciated new highs in Q2 2021 with $2.5 billion in sales so far this year.