Fans set to enter Blockchain era

Singapore firm ties up with Abu Dhabi T10 after Lankan, Caribbean leagues

An NFT is a digital asset that represents real-world objects like art, music, ingame items and videos.

The changing landscape of cricket is introducing digital collectibles for the fans in the Blockchain technology — and the Abu Dhabi T10 in November has roped in NFT (non-fungible token) platform Rario as one of it’s official partners.

The Abu Dhabi T10 is the third franchise league after Hero Caribbean Premier League and the Lanka Premier League, which has tied up with the Singapore-based firm which gives them exclusive rights to mint the collectibles which will ‘‘immortalise’’ cricketing feats from these leagues for the fans. These will create revenue streams for the franchises while the fans can see them as investments.

Jaw-dropping moments

Speaking about their latest tie-up, Ankit Wadhwa, Cofounder and CEO of the company, said: “The action intensive nature of the Abu Dhabi T10 has a propensity to create some jaw-dropping moments.

This creates a fantastic space for Rario to come in and immortalise these moments for cricket enthusiasts, who will have a chance for the first time ever to own them as limited edition digital collectibles.’’

Asked how could Rario and their competing brands change the fan engagement landscape in cricket, Wadhwa told Gulf News: ‘‘Rario is guiding the world of cricket into an digital age. With the introduction of our NFT platform, cricket fans will be able to engage with world-renowned players and collect sporting moments that are immortalised and probably rare.

NFTs or non-fungible tokens are units of data recorded on a blockchain. An NFT is a digital asset that represents real-world objects like art, music, in-game items and videos. They are bought and sold online. Each token represents a unique digital asset that cannot be replicated.