Mumbai Indians, a well-known cricket team, enter the world of digital collectibles called “Non-Fungible Tokens”. On January 2nd, 2023, India win Sports Private Limited (ISPL), the franchise’s parent company, announced the release of the Request for Proposal (RFP). Additionally, MI, a five-time IPL champion, is the first IPL team to become an NFT in an effort to increase its brand value globally.
Mumbai Indians prioritize their fans by providing their squad with fresh and creative ways to support their preferred team. The RFP, in accordance with the team, aids organizations in designing and marketing NFTs based on their current intellectual property (IP). Due to the franchise’s extensive global reach, this will encourage international platforms to collaborate and build a strong Indian consumer base.
Also Read: Impact Of NFTs In Sports Industry
The Mumbai Indians have led the way in the web3 era by utilizing technology, creativity, and artistry to communicate with their devoted fan base. Many famous brands frequently choose MI to support their launches and spread their ideas throughout the world.
However, until January 1, interested parties will be able to purchase the request for proposals. Around $1207.49 (INR 1 Lakh) of the cost is non-refundable. Following the application deadline, the qualified bidders will be narrowed down. Furthermore, ISPL retains the right to end or alter the bidding process whenever it sees fit, for any reason.
Former MI captain, Sachin Tendulkar, has partnered with digital collectibles platform Rario to foray into the world of NFTs. Now only Rario.com will have access to iconic moments in Tendulkar’s life and career in the form of official NFTs.
After securing exclusive partnerships with other well-known cricket players like Rishabh Pant, Virender Sehwag, and Zaheer Khan. Sachin Tendulkar is Rario’s biggest catch.
Also Read: Top 5 Indian Web3 Companies To Look Out For In 2023
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