The PGA Golf Tour is stepping into the NFT world in a move that opens up more revenue streams for players.
This creative move comes as the metaverse expands and many leagues and companies consider how to join the space. The PGA Tour is finalising several deals to enable this investment.
PGA Tour stepping into NFT space with Sorare and Autograph
Golf.com first released the Golf NFT news. The golfers first learned of the NFT investment in December, and the tour has been making preparations since.
It should be noted that players must “choose” to make the most of the new NFT economy. In deed, the NFT investments cannot occur unless a certain number of tour players agree to participate.
Until now, we know that the PGA Tour finalising deals with two famous NFT platforms, Sorare and Autograph. Sorare is a very well-known NFT card fantasy football game that currently works with several leagues. Presently, it will use the same system for Golf.
In addition, PGA Tour will collaborate with Autograph for the NFT series. Created by Tom Brady, Autograph lets you use Tour-licensed highlights and data to develop exclusive NFTs.
This interesting new investment for Golf and the NFT economy will bring new fans to the sport. Payments will be based on FedEx cup ranking, and they will get NFT royalties.
Majorly, the NFT series guarantees income of those PGA Tour players who will join and present their name, photo and resemblance.
PGA Golf Tour NFT Collection Will Have Real Rewards
The PGA Golf Tour is entering the NFT space in a move that will open up additional revenue streams for players.
This innovative move comes as the metaverse expands and numerous sports leagues and companies explore how to join the space. The PGA Tour is finalising multiple deals to make this venture possible.