Authenticated NFT producer Ethernity Chain is set to launch a new NFT to celebrate the life and legacy of boxing icon Mohammed Ali.
Ethernity Chain is riding on the wave to launch its own NFT. The platform, which is renowned for producing authentic NFTs, announced that they would release one in honor of boxing legend Mohammed Ali.
It made the announcement via a tweet.
It is launching the NFT to commemorate the 50th anniversary of the epic ‘Fight of the century’ between Ali and Joe Frazier at the Madison square on the 8th of March 1971. The collection is dubbed “The Ali Collection,” is the first-ever licensed NFT of Historical Significance, according to Ethernity Chain.
The NFT is set to be released later this month. Sale proceeds will be donated to The Muhammad Ali Center. It is a non-profit museum and cultural center in his hometown, Louisville, Kentucky.
Growing NFT Interest
NFTs have played a significant role in bridging the gap between celebrities and their fandom. Its application has spanned across sports, music, art, and very recently, social media posts!
The NBA Top Shot is presently the rave of the moment. In January, it displaced CryptoKitties as the highest-selling crypto collectible after crossing $31.8 million in sales. Since then, the numbers have been soaring. According to the data aggregator Crypto Slam, over $267 million has been generated in sales in the last 30 days.
Reports claim that the NFT market value has skyrocketed by over 700% since 2018. It is reportedly worth in the region $338 million. Despite the massive growth, many believe it is still heavily undervalued. The NFT sector is touted to be a framework for future exploits in art, music, sports, and other aspects of life.
BeInCrypto has reached out to company or individual involved in the story to get an official statement about the recent developments, but it has yet to hear back.