Virender Sehwag Joins NFT: Former Indian opening batsman Virender Sehwag joins hands with the non-fungible token (NFT) bandwagon.
He has signed up with NFT platform Rario — the world’s first officially licensed cricket digital collectibles platform that enables fans to buy and trade NFTs not only of cricketers but also international leagues.
Sehwag joins NFT bangwagon
The partnership gives Rario the exclusive opportunity to leverage Sehwag’s finest cricketing moments in the form of NFTs.
“With this partnership, we will be exclusively launching Virender Sehwag’s NFT videos, cards, and memorabilia – must-haves for his millions of fans and followers,” said Ankit Wadhwa, CEO, and co-founder of Rario.
Speaking about the partnership, Sehwag said, “Until a few years ago, one couldn’t have imagined it would be possible for fans to do more than watch the game from the stands or on television. With NFTs, they can participate and own historical moments in cricket, which is incredible. I believe this is a great step for me to be closer to my fans.”
He also tweeted: “Virupanti in the Rario Cricket Metaverse. I am excited to announce that I have entered into an exclusive partnership with @rariohq. Tell me about your favourite Viru Moment.”
Virupanti in the Rario Cricket Metaverse. I am excited to announce that I have entered into an exclusive partnership with @rariohq. Tell me about your favourite Viru Moment.#SehwagWithRario pic.twitter.com/f12oI8zdFJ
— Virender Sehwag (@virendersehwag) January 10, 2022
It also took the exclusive NFT rights for the Caribbean Premier League, T10, and Lanka Premier League. Signifying the growing popularity of cricket NFTs globally, Rario’s previous pack drops have seen a tremendous fan response, with a Caribbean Premier League pack selling out within two hours from its launch.
What is NFT?
An NFT is a unit of data stored on a digital ledger, called a blockchain, which can be sold and traded. The NFT can be associated with a particular digital or physical asset (such as a file or a physical object) and a license to use the asset for a specified purpose.
An NFT (and the associated license to use, copy or display the underlying asset) can be traded and sold on digital markets. The extralegal nature of NFT trading usually results in an informal exchange of ownership over the asset that has no legal basis for enforcement, often conferring little more than use as a status symbol.