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NFTs have grown in popularity in recent months, with the WWE appearing to be the most recent member to get on board. The WWE has revealed the development of the company’s first-ever NFT, which will feature classic moments from legendary wrestler The Undertaker’s career. The NFT is being sold in advance of the iconic pay-per-view event Wrestlemania.
According to the press release, WWE’s NFTs will be available for order from April 10 to April 11 in collaboration with Bitski. The tokens will be sold in four categories, and the auctions will last 37 hours, closing on April 11 at 11:30 a.m. EST. The platinum tier token will have an opening bid of $10,000, gold will have a bid of $5000, silver will have a bid of $1000, and bronze will have a bid of $100.
WWE President & Chief Revenue Officer Nick Khan elaborated on the NFT announcement, saying,
“WWE’s first-ever NFT collection presents an opportunity to own a digital piece of history featuring The Undertaker, one of the most iconic Superstars in sports entertainment,” and went to on add that, ” “This will also allow WWE to deepen our connection with the WWE Universe during our biggest event, WrestleMania.”
The year 2021 has seen a huge increase in demand in NFTs, and digital art has recently been able to fetch up to $69 million in price, as shown by the recent Beeple art auction. Although digital art can still be replicated and duplicated, NFT purchasers receive a “token” that proves they own the original piece. Along with Beeple, Twitter creator Jack Dorsey sponsored an NFT of the first-ever post, which sold for more than $2.9 million a few weeks ago.