The Football Association (FA) says its NFTs might be primarily based on the Three Lions and Lionesses groups.
England’s nationwide soccer governing physique, the FA (Football Association) has introduced plans to launch a non-fungible token (NFT) platform. The England soccer governance physique is at present searching for a possible associate to assist realise the NFT objective, in accordance to particulars posted on its web site.
The RFP and the tender course of is a part of a long run NFT technique set to concentrate on fan engagement, the FA added within the launch.
“We have today launched a Request for Proposal [RFP] tender process to appoint a partner to build a long-term Non-Fungible Token [NFT] based platform, focused on the England Senior Men’s and Women’s teams,” the FA wrote within the press launch.
Fan engagement and new income stream
According to the FA, tapping into the blockchain-based expertise will supply followers new methods to have interaction with the nationwide groups. NFTs may also enable the organisation to leverage new income streams, with the revenue flowing again into the sport.
Navin Singh, FA Commercial Director, added in a remark:
“NFTs present a unique and innovative opportunity to engage with our fans through the imagery of The FA and the England Senior Men’s and Women’s teams. Any revenue generated will be for the benefit of the game, whilst importantly offering flexibility for fans to express their fandom in this new exciting medium.”
The FA has launched key Intellectual Property [IP] for its use as a part of the RFP effort, together with names of present nationwide crew gamers, match footage, and the Three Lions and Lionesses logos amongst different imagery.
The FA’s plans come a couple of months after the UK authorities signaled it could be minting its own NFT, with this seen as one step in direction of enhancing the nation’s place as a frontrunner within the crypto house.