The fast-rising market for non-fungible tokens is so hot that TrillerNet launched NFT Marketplace last week as an open, interoperable and global, digital goods, collectibles and currencies exchange for the sale and distribution of NFTs. To make an industry splash as per their corporate culture, the online auction is happening in stages. The NFT Token of Jake Paul knocking out Nate Robinson in November of 2020, will be combined with the NFT Token of the winning 30-second Jake Paul vs. Ben Askren fight clip from this Saturday, April 17, from here in Atlanta. This innovative offering is believed to be the first-ever merger of a current and a future token, purchasable through a $10 million, Buy-It-Now site option for serious to beginner – collectors, hobbyists, investors, artists, friends, family, and fans, that want to invest and own the digital property right now. The Sports Techie community blog, like many of our followers and readers, are just learning about NFTs. The uniqueness of each piece is what makes it valuable. The wild wild West of NFTs is certainly here based on the amount of items for sale or licensing in just the past few weeks by the likes of Wooden Award winner, Luka Garza. The distractors are also not impressed with attaching content to blockchain because it may not have any real value, nor the concept that they are environmentally unfriendly. Yet, timing is so important for any technology to gain traction and get high user adoption rates no matter the sustainability, meaning Triller is on to the next, secure online auction, thrill ride with NFT Marketplace. “One thing is certain, if there’s another knockout, the winning bidder will literally own a piece of 2020 and 2021’s most important entertainment culture moments,” said Mike Lu, CEO of Triller.
NFT Marketplace
Sport and culture are constantly evolving. Tik Tok, Reels and AI-powered short-video app Triller, are Internet 3.0 ready businesses that concentrate on capturing those moments for short attention spans. TrillerNet is leveraging their first of its kind company that combines technology and content platforms that pair with the culture of music and sports, fashion, entertainment or influencers, using a 360-degree view of fast, viral and monotonized content and technologies, into Marketplace. More than 300 million current musicians, celebrities, athletes, and culture masters use the Triller application paving the way for NFT Marketplace, put together based on peer-review, audited Ethereum blockchain infrastructure.
The need to diversify TrillerNet and capture the newest, cutting edge, digital business opportunities led to the development of the marketplace together with global consumer engagement platform partner, Amplify.ai. They also power Triller app’s AI tech used to distribute video and increase further engagement of content inside their platform environment. Some of Amplify’s team of engineers assisted with foundational work across the worldwide web and cryptosecurity involving framework (PKI) for SSL internet security.
“We are thrilled to launch Triller NFT Marketplace, which will set a new standard for how fans, celebrities, influencers and collectors around the world can connect and transact important moments across sports, entertainment, fashion and pop culture,” said Bobby Sarnevesht and Ryan Kavanaugh, co-controlling stakeholders of TrillerNet, in making the announcement. “Triller NFT Marketplace will provide for an unmatched level of interoperability across all kinds of tokens and currencies, on a platform that is secure and audited to ensure the safe exchange of this exciting new form of collectibles.”
They continued, “And of course, because we’re Triller, we’re launching our marketplace in the only way we know how, by doing it in the most memorable way possible. Our first Triller NFT offering, representing two great sports and culture moments of 2020, will soon belong to one lucky and smart bidder.”
Fight Night Phases
Phase one of the cunning activation plan is to begin with one auction made up of two individual NFT tokens. The first Triller Fight Club event ever was held at STAPLES Center in L.A. featuring headliner’s Mike Tyson and Roy Jones Jr. in an exhibition match. TFC is co-owned by Snoop Dogg and Kavanaugh. The undercard stole the show because of a resulting 30-second video capture of YouTube star-turned-boxer Jake Paul throwing a haymaker knockout blow to Robinson shocking the sport and entertainment world, making this perhaps the most stunning sporting event of the pandemic year. The KO earned tens of millions of views, becoming the Twitter’s #2 trending topic event day.
As a side note, I saw Nate play high school basketball at Rainier Beach, then play football at the University of Washington, followed by seeing him play in the NBA. At a Dunk Contest held at Bellevue Community College, I witnessed all 5 ft 9 in of Robinson do his own version of the Superman slam creating an effect like he was literally flying to the basket horizontally with his whole body before slamming it down and then doing his signature rim hang and swing. His Dad, Jaque, played football for the UW when I was a teen. Nate was born to excel at any sport he wanted to play, boxing included, adding to the lore of Paul’s athletic prowess because of the surprisingly quick KO.
The highest bid also buys the rights to the second NFT token from Triller Fight Club’s fight and entertainment PPV: the winning 30 seconds—and any knockout or TKO of Saturday’s match between Paul and MMA champion and Olympian Ben Askren.
NFT Marketplace’s next phase is to offer influencers and other culture-setters the ability to be in the Triller network to make, sell and market their own NFT tokens. The last phase enables qualified NFT Marketplace users the option to create and trade personal tokens in a resale-friendly secure and audited environment.
This fight has a pay-per-view cost of $49.99, and just 100 tickets were given to the public to attend the live event.
The novel sport biz idea of a two-for-one video is thought to be the first-ever combined current and ‘future’ NFT token made available for the public. The novelty continues with the instantaneous Buy-It-Now, $10 million option. If you are interested in bidding, the window ends 30 seconds after the last punch between Paul-Askren bout.
NFTs Explosion Across Sports
According to Yahoo Sports, Paul has 20 million YouTube subscribers and surprisingly or not, is also launching his very own NFT collection timing with this event. Jake’s brother Logan is said to have sold $5 million worth of NFTS last Feb.
Sportico is reporting, SeatGeek has developed a NFT prototype technology with aims of launching before the 2021 NFL season and/or 2021-2022 NBA season.
Garza represents another hot business topic – name, image and likeness, rights, and how they pertain to specifically, NCAA collegiate athletes. Having just finished off a storied career at Iowa after the March Madness tournament end of the Hawkeyes, Garza gained the right to became eligible to profit off of his NIL. Once he understood all the moving pieces, he created his own NFT. A portion of the proceeds from Garza’s auction is to be donated to the University of Iowa Stead Family Children’s Hospital. The NFT OpenSea auction sold for $41,141.
The NFL Marketplace storefront is located at https://nft.triller.co.
Sports Techie, the current bid is $11,003 USD. Will anyone pay the Buy It Now $10 million option, then turn around and then sell it in two weeks for $15 million?
It all depends of the fight this Saturday’s match, imo. If Paul can win again in grand fashion, the spark will be lit for a big buy.
The rapper, Justin Bieber, Major Lazer and others will perform on Saturday’s fight night. “This event is more like making a tentpole movie than a boxing match,” Kavanaugh said in a statement.
Hollar NFTs!
See you later sportstechie in Seattle, Atlanta and around the world!
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