The Nashville Predators are the latest pro sports team to enter the Non-Fungible Tokens industry. The NHL franchise announced Tuesday that it would be partnering with NFT producer Fanaply to release a limited run of 25 digital collectibles.
NFTs are digital trading cards that are rare and valuable due to them being made out of Ethereum blockchain technology. All of the trading cards are one-of-ones and cannot replicated due to individualized serial numbers and lack of resources to create more.
Fanaply has been producing NFTs since 2019, originally starting with collectibles for music festivals and events before eventually entering the sports space. The Predators started working with them in May.
“We saw Fanaply as a rising star in the NFT space, primarily because of their eco-friendly approach and flexibility to process transactions via credit/debit card, in addition to cryptocurrency,” Predators’ director of communication Kevin Wilson said in an email to The Tennessean.
The Predators are planning on auctioning a No. 1 of 1 “Gold Saber Skull Genesis Edition” in addition to selling the 24 other individually numbered “Gold Saber Skulls” as part of their opening round of NFTs known as “The Origin Series.” The winner of the auction, which goes through July 30, will also receive two Lexus Lounge tickets to any event at Bridgestone arena that they want.
For every collectible purchased, there will be $35 donation in the buyer’s name to the 365 Pediatric Cancer Fund in honor of goaltender Pekka Rinne, who retired last week. The Predators have worked with the organization since 2013-14 to help raise money and awareness for cancer research at Monroe Carell Jr. Children Hospital at Vanderbilt.
Wilson said the main reason that the Predators decided to enter the NFT realm was to fulfill the wishes of fans.
“Based on their feedback, we created this initial launch and look forward to working with them to create the next round of NFTs,” said Wilson.