Simplifying Cricket NFTs: why the innovation should be welcomed
You watch an incredible moment on the cricket field from a packed crowd. You absorb the moment, live in the moment and then years later it becomes a distant memory, unless of course you stumble across it on social media or go on and search for it. But what's your association with the moment? That you watched it? So did several others. Maybe the ones that watched it on TV remember it better than you. But what if you could own that moment and call it your very own? Like literally own a piece of cricketing history. A red carpet welcome for NFTs or Non-Fungible Tokens.
It's not as complicated as you think it is
NFT are digital tokens which gives the owner a right to whatever it is that the NFT represents. It has taken the cricketing world by storm because now, you get to preserve that slice of history you only had in your head as a vague memory. Cricket NFTs could be cricket artifacts, a moment in the field or a simple player card.
If you want to own one of those incredible catches, a mesmerising run out or a mind-blowing six, you get to do it through NFT via digital collective platforms. How do they work though? To explain that, we need to get into how NFTs, that took the investment world by storm, became as popular as they are in cricket.
Who started the NFT revolution in cricket?
Cricket NFT platform Rario began the NFT revolution in cricket, being the first officially licensed platform for sale, trade and exchange of cricket NFTs. A digital collectible platform, Rario has a marketplace where you get to buy or sell a cricketing moment that's available on the platform.
Although most digital photos or video recordings can be reproduced in one way or the other, an NFT is unique in that it has a digital signature, making each NFT you own a one of a kind.
Wondering how that can be useful? Here's a hypothetical scenario of creating an online cricket museum
of your own using all moments you have collected. A player might have 15 Player of the Match awards to showcase to the world after retirement. Similarly, you would have a collection of various moments out together to make your own memorabilia.
What is Rario and why is it big
Rario is not just the first Cricket NFT platform, but also the most popular in the world of Cricket NFTs. Virender Sehwag, Zaheer Khan, Faf du Plessis, Aaron Finch, Jason Holder, Rashid Khan, Rishabh Pant, Mohammed Siraj, and Ruturaj Gaikwad are amomg the big stars to be roped in by Rario. Smriti Mandhana, a rage amomg women cricketers, is another.
Recently, Rario signed a historic deal with Cricket Australia and the Australian Cricketers' Association to celebrate the rich history of Australian cricket through NFTs, preserving moments from the past through NFT packs that can be purchased through the platform. Rario will engage the Australian cricket fan by creating an exclusive Australian cricket metaverse of collectibles.
Rario is also boosted by a funding of $120 Million by Dream Capital recently, making them the largest players in the Cricket NFT market. With the investment, Rario would also get access to the 140 Million users under Dream Sports.
Sign up on the Rario platform and you get your first NFT now!