The Chicago Blackhawks Are Entering the NFT World
The Chicago Blackhawks announced that they have entered into the wild world of NFTs and digital collecting. They revealed an initial batch of 12 8-bit characters up for auction and four 8-bit ticket designs available at a set price. Below are some of the initial designs that the Blackhawks put out:
What are NFTs?
NFTs, or non-fungible tokens, are (at a very basic level) indicators of uniqueness for a piece of digital media. It assigns a serial-type number to the digital asset that gets stored on a blockchain, which is publicly accessible and acts as proof of ownership.
Let me attempt to explain using trading cards as an example. You could have a Honus Wagner T206 in your possession. Your friend goes to Google and prints out their own copy of the Honus Wagner T206. You both own a copy of the same card, but who gets more money for it? An NFT makes it so that even though anyone can download/screenshot the Blackhawks' creations, you can prove that you own the original through blockchain.
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Meet Grant "Champ" Parker, one of the Chicago Blackhawks NFT characters.Photo accessed: blackhawksNFT.com
Worth it for the Blackhawks?
The world is moving closer to a totally digital landscape faster every day. Other sports teams and leagues are entering the NFT space, I think it's a worthwhile endeavor. In researching the Blackhawks' current offerings, it doesn't appear that the NFTs they created will be a continuing source of income. In some NFT exchanges, the original creator gets a percentage of all future sales of the token (typically around 10%). The 'Hawks don't seem to have that in their current strategy. That said, they've now rolled out a new type of digital graphic that I'm quite certain will be monetized by the team in the form of apparel, giveaways, etc.