Bayern becomes first EuroLeague team to launch NFT Collectibles

MUNICH, GERMANY - APRIL 01: Team FC Bayern Munich celebrates during the Turkish Airlines EuroLeague Regular Season Round 33 match between FC Bayern Munich and Crvena Zvezda mts Belgrade at Audi Dome on April 01, 2022 in Munich, Germany. (Photo by Christina Pahnke/Euroleague Basketball via Getty Images)

By Antigoni Zachari / info@eurohoops.net

FC Bayern Munich advanced to the EuroLeague playoffs for the second consecutive season and celebrates this feat with the launch of their first NFT Collectibles. The German club paves the way as the first EuroLeague club to do so and their collection is set to drop Thursday, April 7 at 18:00 CET.

NFTs (non-fungible tokens – digital records that can represent any physical or intangible item), have been introduced by EuroLeague for the 2021 Final Four in Cologne, a first for European basketball. This form of collectibles blew up in the NFT market with the creation of the NBA Top Shot, which allows fans to buy, sell, and exchange officially licensed video highlights.

The Golden State Warriors were the first NBA team to release their own NFT collection in April 2021, while reigning champions Milwaukee Bucks announced their own collection last week.

With NTFs becoming more popular across the globe, Bayern has embarked on the wagon in cooperation with Berlin start-up FANZONE, offering all new users a free pack right away, per their official statement.  The first player collection will include 43 motifs of the current squad in various versions and with increasing exclusivity and value. There will be four levels of rarity for the digital trading cards – Common (3,000), Rare (1,000), Epic (500), and Legendary (100). The cards are divided into three different card packs containing five to nine cards with different levels of rarity.

“With my close ties to the NBA and my friends who still play there, I know how great NFTs can be for fans and I’m very happy that my club is now starting its own NFT project”, tells Bayern forward and NFT-savvy Paul Zipser.

 

Photo credit: EuroLeague

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