WWE partner with Blockchain Creative Labs to Create Eco-Friendly NFT Marketplace. WWE signed a multi-year partnership with Blockchain Creative Labs to create an NFT marketplace consisting of historic moments and iconic superstars.
The American entertainment company, primarily known for professional wrestling – WWE – joined forces with Blockchain Creative Labs to launch a non-fungible token marketplace. The digital collectibles will capture iconic moments from grand events like Wrestlemania and SummerSlam and can have an eco-friendly focus.
Regardless of retracing a bit from the report trading volumes in August, the NFT craze is still a tempting industry in which many companies want to dip their toes. The newest instance got here from World Wrestling Entertainment.
Apart from the iconic digital collection of The Rock (arguably one of WWE’s most influential superstars of all times), the NFTs will embrace many different prominent wrestlers.
A report reads that the initiative will become live after a collaboration between the wrestling group and the non-fungible token business and creative studio Blockchain Creative Labs. The previous may also depict the perfect moments of SummerSlam and Wrestlemania throughout the years – WWE’s prime occasions. Scott Zanghellini – Senior Vice President of the entertainment firm – commented:
“Blockchain Creative Labs has rapidly turn into a leader within the area with an incredible executive team that understands the NFT arena and its potential.”
Eluvio blockchain technology may also play a role in the move as it is going to generate the digital collection. Curiously, it’s an eco-friendly blockchain protocol, meaning that the NFTs shouldn’t be an object of environmental concerns.
The upcoming market will function as a hub for followers to trade, purchase, sell, and store digital tokens. Nonetheless, its official launch date has not been announced yet.
Are NFTs a Hustle?
Whereas some consider non-fungible tokens as a singular technique to enter the digital asset business, others like Joe Rogan should not completely conscious of what precisely their idea is. The sports activities commentator, comic, and widespread podcast host lately mentioned he finds them difficult to understand and even referred to as them a cryptocurrency “hustle.”
Rogan argued that there isn’t any level in spending a substantial amount of money on a digital artwork when people can obtain it for free:
“Here’s my problem, I can have that photo and I can have it on my phone.”
Alternatively, the sports commentator will not be in opposition to the cryptocurrency sector, admitting that he’s a digital asset hodler. Nonetheless, he didn’t disclose which tokens he has exposure to.