Ex-Cricketer Shoaib Akhtar Launches World’s First Cricket NFT Marketplace

Godfrey Benjamin
June 22, 2021
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Shoaib Akhtar, a former Pakistani cricketer, and one of the greatest players ever to play the game has announced the plans to launch his own Non-Fungible Token (NFT) platform. The iconic cricketer, who once bowled a delivery at 161.3 km/h, is partnering with the blockchain startup, TenupNation. Through the partnership, the duo is set to unveil the marketplace while serving its customers the entirety of its offering.

The cryptocurrency ecosystem has seen a tremendous application of blockchain technology in the form of NFTs. These are digital arts or collectibles whose ownership identity is stored on the blockchain. This way, the authenticity of the stored assets is secured, easily accessible, and verifiable to collectors. The advent of NFTs has made it more visible, how collectors are willing to pay humongous sums for genuine works of art. Beeple’s sale of “Everydays, the First 5,000 Days” for $63 million is a testament to this.

NFT marketplaces have helped recognize the inherent economy that can be generated from these NFT marketplaces, and have created the system for this. The Shoaib Akhtar-owned NFT marketplace is not designed to be an exception. Shoaib noted that the platform will offer an opportunity to both creators and collectors, transforming everyone into a real celebrity.

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The Need for More NFT Marketplaces

Just as there are numerous cryptocurrency exchanges serving users in the crypto ecosystem, there is a growing need for NFT marketplaces. While trading cryptocurrencies comes off as technical, a lot of crypto-savvy users still nurse the idea that dealing with NFTs can be complicated.

The presence of more marketplaces beyond existing competitors particularly OpenSea will help expedite the move towards mainstream adoption. With the NBA Top Shots catering to the needs of basketball lovers, the Shoaib Akhtar platform will extend the sports engagements through blockchain technology.

Beyond the duplication of NFT marketplaces, superior innovations and collaborations are essential. While the growth of NFTs has slowed, in tandem with the broader market plunge, many proponents believe the true potential of the technology is yet to be uncovered. 

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.