College athlete NFTs are in the marketplace, beginning with Illini PlatoBlockchain Data Intelligence. Vertical Search. Ai.

College athlete NFTs are in the marketplace, beginning with Illini

CHAMPAIGN, In poor health. (WCIA) – A brand new firm needs to attach followers with the world of school sports activities – digitally. They’re additionally giving pupil athletes a option to become profitable from their identify, picture and likeness.

If it weren’t for scholarships, school athletes would’ve performed free of charge – till final 12 months.

“Every year, they [athletic programs] make billions of dollars on the talent that makes nothing,” NextName president and co-founder Steven Thayer stated.

However then, Illinois lawmakers modified the sport. They began permitting gamers to become profitable utilizing their identify, picture and likeness.

“We’re in a new world of college sports. And if you want to attract talent to your teams, you’re going to have to support those teams,” he stated.

U of I alum Steven Thayer and his son needed to offer followers a singular option to help their favourite groups and gamers.

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