FINA Announces Innovative NFT Project for the 19th FINA World Championships
FINA, the International Swimming Federation, announced that participants who break individual world records in the upcoming competition in Budapest, Hungary, will get personalized NFTs as well as a $50,000 prize.
The meet will take place from June 18th to July 3rd, and spectators can watch live beginning at 10 a.m. ET on Saturday on CBCSports.ca, the CBC Sports app, and CBC Gem. Weekend coverage will also be expanded on the CBC-TV network. Aside from the NFTs, the competition has a $5.72M prize pool.
The artwork will be created by Krizbo, a Budapest-based digital artist, and will subsequently be minted as NFTs on the blockchain and distributed to the individual World Record breakers on June 25th during the special awards event at the Duna Arena.
FINA President Husain Al Masallam expressed his excitement at being a part of this innovative concept and acknowledged how meaningful it is for an athlete to break a World Record. Those special moments will now be portable and permanent thanks to NFTs and blockchain technology.
FINA's decision to manufacture NFTs for individual World Record breakers is certainly novel, but it's not the only innovative Web3 idea in sports. At NFT Drops Calendar, we've been covering players, sports teams, and leagues investing in NFTs, Web3, and the metaverse, you can check all of those in our Newsletter.
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