World Wrestling Entertainment (WWE) is going to launch its first non-fungible tokens in history. The NFTs will represent the most exciting minutes of retired wrestling star William Calaway otherwise known as The Undertaker.
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WWE revealed the news on Twitter on April 9 ahead of the major annual event of WrestleMania.A once in a lifetime opportunity! ⚡️ @Undertaker NFTs drop this Saturday ahead of #WrestleMania on https://t.co/6vCaEYoL9I! pic.twitter.com/duLbsXX6hf
— WWE (@WWE) April 9, 2021
The sale of collectibles will begin on digital wallet Bitski's platform on April 10 at 10:30 a.m. ET. The purchase will end on April 11 at 11:30 p.m. ET.
There will be 4 tiers of NFTs: bronze, silver, platinum, and gold. The first two hold fixed prices: bronze $100 and silver $1000.
As for gold and platinum, they will be traded through initial bids, the set amount of which are $5.000 and $10.000 respectively.
Depending on the tier, the NFT acquirers will get unique opportunities from having a limited edition NFT presenting The Undertaker to WrestleMania tickets and an individual WWE Championship Title Belt with the winner’s name inscribed.
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NFTs represent unique tokens that don't have their equivalents. Their use cases have been growing. NFTs can be in the form of images, gifs, tracks, and even replace wedding rings.
Recently a couple from the USA exchanged these blockchain-based units while getting married.