Manchester United, one of the world’s most powerful soccer clubs, has published its first set of non-fungible tokens backed by the proof-of-stake blockchain Tezos. Fans must sign in with their Tezos wallets in order to receive NFTs. Digital collectibles are stored in a wallet and may be tracked via the blockchain. The club’s first digital collectable is a key that unlocks a slew of freebies for supporters. Keys are classified into three classes based on their rarity (Classic Key, Rare Key and Ultra Rare). They will be distributed at random to club supporters. When United unveiled the NFT initiative in the middle of November, they described it as a present to supporters.
The English Premier League football team also announced the creation of a virtual environment that would be linked to its official Discord server. Access to various tournaments and private Discord channels are among the incentives advertised by the group. Key holders will also get access to the club’s NFTs, which have not yet been issued but will be shortly. Users who obtained the rarest keys will be able to obtain the rarest gifts. Tezos, according to Man United, is one of the world’s most sophisticated and long-lasting blockchains.
XTZ surged in February when The Athletic reported that the blockchain business has partnered with Manchester United. Soon after the first rumor, a sponsorship contract for training equipment worth £20 million per year was verified.
