MLB Goes All In On NFTs With Lou Gehrig, Now LA Dodgers Art. Why Is This Still A Thing? – Forbes

MLB Goes All In On NFTs With Lou Gehrig, Now LA Dodgers Art. Why Is This Still A Thing? – Forbes

On July 4, the official online NFT auctioneer for Major League Baseball, called Candy Digital, sold a digital copy of a historic speech by baseball legend Lou Gehrig. The July 4, 1939 speech was Gehrig’s formal farewell from baseball after being diagnosed with ALS. It was the League’s first foray into the exciting world of non-fungible tokens, or NFTs. Opening bid was $250. Gemini cryptocurrency exchange co-founder Tyler Winklevoss hyped it on Twitter. Closing bid was around $70,400. Tyler Winklevoss bought it as a donation.

On Monday, NFT fans (and maybe Mookie Betts fans) can bet on a graphic of the LA Dodgers World Series 2020 ring, made by so-called metaverse artists RTFKT Studios in Los Angeles.

NFTs are digital art and audio clippings sold and traded on exchanges like Bitski in cryptocurrencies, usually, but not always,
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