What the heck is an NFT? That is a valid question. NFT is a non-fungible token. Was that helpful at all?
Here are the very basics of NFTs, according to CNN Business.
Non-fungible tokens, or NFTs, are the latest cryptocurrency phenomenon to go mainstream…In the simplest terms, NFTs transform digital works of art and other collectibles into one-of-a-kind, verifiable assets that are easy to trade on the blockchain.
Does that help? It is basically like a digital trading card that has value because of the artwork and uniqueness. They can only be bought and sold in certain places online, which is covered by CNN Business in the article linked above.
Surprise, surprise! An NFT of Patrick Mahomes is for sale right now, and the bidding is over $82,000 with more than a day left on the auction on MakersPlace.
Players like Patrick Mahomes could spark even more interest in NFTs
Patrick Mahomes is quickly becoming the face of the NFL. Even with a blowout loss to the Buccaneers in the Super Bowl, it is hard to imagine Mahome himself did much to tarnish his image as a superstar.
All Chiefs fans know Mahomes was running for his life for most of that game and received little help from his receivers.
In the case of this NFT, Mahomes is listed as the creator, and this is a unique image. Of course, not everyone has eighty grand laying around, or whatever the final sale price will be to spend on digital artwork!
Mahomes is so popular, and he warrants his own “museum” on MakersPlace.
Who knows if this is just a trendy fad or if this kind of artwork will retain its value long-term. Regardless, these digital pieces of art are pretty cool, and there have been dumber, albeit less expensive, fads over the years. Too bad most of us would have to win the lottery to grab one of these.
Now the Chiefs have to figure out how to protect their star. Signing quality offensive linemen is a priority, and Kansas City is already working on that.