The World Wrestling Entertainment announced today it will create the corporation’s first-ever non-fungible tokens (NFTs) representing legendary moments from the career of one of the most iconic fighters – The Undertaker. The four-tier drop will be launched ahead of the company’s biggest event this Saturday, April 10th – WrestleMania.
The Deadman as an NFT
WWE announced it will release non-fungible tokens featuring Mark William Calaway, better know by his ring name, The Undertaker. The legendary ex-superstar NFTs, who retired from professional wrestling last year, will be one of the spotlights of this year’s Wrestlemania.
The auction will open this Saturday at 10:30 AM ET. The drop is supposed to be met with significant interest and will last for 37 hours. The end will be on Sunday, April 11th, at 11:30 PM ET.
The Undertaker NFTs will be offered in four tiers – Platinum, Gold, Silver, and Bronze. The Platinum and Gold will have minimum open bids of respectively $10,000 and $5,000, while the other two will have fixed prices – $1,000 for the Silver and $100 for the Bronze.
The top option would also provide VIP access, hotel accommodations, a personalized video message from the superstar, as well as a unique WWE Championship Title Belt.
The Gold one – would get the winner two front-row-seat tickets at a Monday Night Raw or Friday Night SmackDown of their choice in 2021 or 2022, a personalized video message, and a signed Title Belt.
The Silver and Bronze tiers would provide more limited benefits to the winners.
World Wrestling Entertainment has partnered with Bitski for the project. With this being announced, it means participants will need to have a Bitski account, and winners will receive NFTs in their wallets.
The Expansion of NFT
Non-fungible tokens have been a hot topic recently as they have enjoyed mass acceptance and adoption from various celebrities and industries.
As CryptoPotato recently reported, the US Major League Baseball team Toronto Blue Jays explored options to take advantage of non-fungible tokens. The team’s President and CEO confirmed the move by indicating that it should enhance fan interest in the sport.
Another fresh example of the increased popularity of NFT is Lindsay Lohan’s plan to release an exclusive NFT collection. The famous American actress reaffirmed her support for non-fungible tokens by partnering with TRON to launch personalized digital art products.
In his turn, the founder of TRON and the CEO of BitTorrent, Justin Sun, went even further. Recently, he bought a painting by Picasso for $20 million, and he intended to tokenize it through the JUST NFT Fund.
Featured Image Courtesy of Wrestling Edge