Manchester United Gifts First-Ever NFTs to Fans As It Plans Web 3.0 Entry on Tezos (XTZ)

Manchester United Opens Official Discord

With the inaugural NFT collection set to drop “soon”, the partnership is not the Red Devils’ first agreement with Tezos, as the two signed a $20 million training kit sponsorship back in February. In preparation for the release event, the English soccer powerhouse has invited fans to its newly launched, official Discord channel. According to a press release, “members of this global community will be able to engage with the Club, players, legends and thousands of other like-minded fans.”

The initiative is being led by the Tezos blockchain, which currently ranks 46th on the global crypto charts by market capitalization. Tezos’ native cryptocurrency, Tezos (XTZ), has enjoyed a slight price increase of 1.4% in the last 24 hours, and is priced at $1.04 at the time of writing, according to CoinGecko. However, the Tezos (XTZ) Altcoin, along with much of the broader crypto market, has been unable to evade the brutal bears of the crypto winter, with losses of 24.2% for the last 7 days.

Ultimately, with the crypto market still bleeding, the timing of the deal has drawn scrutiny from soccer fans on Twitter. However, F.C. Manchester United executives, along with the team behind Tezos (XTZ), insist that it’s all about adoption and utility—and Web 3.0 is sure to be the go-to place for sports fans around the globe to connect and collect rare memorabilia.

Sports memorabilia is expected to grow ten times by 2032, when the market cap of sports collectibles is estimated to be at $227 billion, of which sports NFTs represent a significant chunk.

Sourced from

Written by
by Tadas Klimasevskis on 2022-11-15 17:30:11.

Leave a Reply
Previous Post

Decentralized KYC Platform Astra Protocol’s Token ASTR Going Public

Next Post

Former Huobi-linked entity says it has $18.1 million stuck on FTX

Related Posts