Mark Noble sold for Crypto

Mark Noble has become the first West Ham player to be sold as a new form of digital art called a Non-fungible token of NFT for short.

A non-fungible token is a special type of cryptographic token which represents something unique. NFTs are called non-fungible because they are not mutually interchangeable since they contain unique information, although it is possible to mint any number of NFTs representing the same object.

In this case, it was a work of art and small animation of Mr West Ham himself, Mark Noble, as token number 001.

The first West Ham NFT sold within the first twenty-four hours over the weekend for 0.1 Ethereum  Crypro currently which around £127 at the time of writing.

Once purchased using blockchain technology you complete a smart contract to take ownership, they can be traded in a market place such as Opensea.io but there are charges to use the blockchain network to buy or transfer called gas fees which change at different times of the day depending on demand.

The purchasing of NFT’s have become big news in recent days with the Kings of Leon launching tokens and Twitter founder Jack Dorsey selling his first Tweet as digital art for $2.5m.

Football and the Premier League are probably a natural place for these new Crypto collectables for supporters and you are likely to hear more and more about NFT’s in the months to come.

You can see some of Canning Town Len’s newly minted NFT’s at https://opensea.io/assets?search[query]=Canning%20Town%20Len

If you want to understand more about NFT’s drop me a comment or an Email.