NHL and Sweet Partner to Provide Digital Collectibles and NFTs
- Fans will be able to engage with one another in the marketplace, which will include Gamified aspects.
- The NHL’s move follows the adoption of NFTs by other major league sports organizations, such as the NBA, MLB, and NFL.
The NHL has partnered with Sweet to offer digital collectibles and NFTs. This is the latest in a string of sports associations embracing NFTs. This agreement, which will offer videos and other collectibles, is the first time the National Hockey League (NHL), the National Hockey League Players’ Association (NHLPA), and the NHL Alumni Association (NHLAA) have worked together.
NFTs have been gaining in popularity in recent months as they offer a unique and novel way to collect and trade digital assets. The NHL is the latest organization to enter the space, and it is sure to be a major player given its large fan base and stature within the sports world.
This move will no doubt help legitimize NFTs even further as more mainstream organizations continue to adopt them. It will be interesting to see how this new partnership unfolds and what kinds of collectibles and NFTs the NHL will make available to fans.
NHL is no stranger to new business ventures and partnerships. In 2018, the league partnered with certain companies to allow legal sports betting in several states. The NHL has also made deals with Fanduel and other online sportsbooks. These moves show that the NHL is always willing to try something new to grow the game of hockey.
The release of NFTs featuring never-before-issued video moments is the latest example of this willingness to experiment. Sweet will become NHL’s official digital collectible marketplace, allowing fans to trade and collect NFTs. This is an excellent way for fans to interact with each other and the league itself. It also provides another revenue stream for the NHL.
Acceptance of NFTs
This move could have a big impact on the future of digital collectibles. If successful, it could lead other leagues and organizations to release their own NFTs. This would provide even more opportunities for fans to collect and trade these items. It would also help legitimize the entire industry, which is still relatively new and unknown to many.
Digital collectibles are a new and exciting way for fans to interact with their favorite players and teams. By collecting these moments, fans can relive their favorite moments from the past or catch up on what they may have missed. These collectibles also provide a great way for fans to connect with other like-minded fans and show their support for their team.
Barry Pene is a stern blockchain research/copywriter. Barry has been trading cryptos since 2017 and has been invested in issues that would put the blockchain industry on the right pedestal. Barry's research expertise cuts across blockchain as a disruptive technology, DeFis, NFTs, Web3, and reduction of energy consumption levels of cryptocurrency mining.
