While DeFi has been one of the hottest crypto sectors this year, there is another rave that has proven to be profitable, especially for people with amazing creative abilities. This aspect of the digital economy is called Non-Fungible Tokens ( NFTs). Different artists and content creators have made millions of dollars by offering their works on NFT platforms and auctioning them off. Trey Mancini of the Baltimore Orioles is not interested in the potential profits of NFTs. Instead, the MLB standout is focused on launching NFTs and giving back after his epic comeback from colon cancer.
Trey Mancini NFT Developments
For those who may not know, Trey Mancini is the first baseman for the Baltimore Orioles and is releasing his first set of NFTs with UREEQA, a blockchain-based platform that was created to help content creators protect, monetize, and manage their works.
At the time of this article, Trey Mancini just got done participating in the MLB home run derby. He made it to the final round vs Pete Alonso of the New York Mets.
So unbelievably proud.
You just inspired a whole lot of people, @TreyMancini. pic.twitter.com/Wk3hP1ckvs— Baltimore Orioles (@Orioles) July 13, 2021
It is intended that the proceeds from the sale of NFTs will be directed to the Trey Mancini Foundation, where the funds will be used to cater to people going through emotional trauma, and various illnesses. It is important to note that Mancini is one of the greatest stories in sports. Just a year ago, the MLB slugger underwent treatment for colon cancer. The remarkable comeback seems to be fueling his desire to give back.
Trey Mancini NFTs Available During The MLB Home Run Derby
According to UREEQ, the NFTs will be available on the UREEQA platform today. Aside from the areas discussed above, the partnership is being facilitated to raise awareness and the funds necessary for the early detection of colon cancer and to provide support for people with the condition.
Considering that the items being auctioned are baseball memorabilia, it will appeal to a lot of baseball fans and baseball item collectors. Furthermore, it is also an affordable way for some people to hop on the NFT train. There is a system that UREEQA uses to validate and verify the originality of the NFTs. This is called the “Responsible Minting Technology”.
While there are 500 NFTs with fixed prices to be auctioned, there are several other items that will be sold and given as bonuses to participants. There will be a signed bat from Mancini that he used at the Home Run Derby and there will be a batting lesson with Mancini, signed batting gloves, and cleats, among other Mancini memorabilia.
According to Mancini, the cause is dear to his heart based on his personal experiences with cancer. He was careful about venturing into the NFT space before agreeing to partner with UREEQA, considering that UREEQA has a very secure system. This is truly a great development that is leveraging the power of digital asset infrastructure. In the emerging NFT environment, people around the globe are starting to understand the various forms of utility and value. It will be interesting to see if Trey Mancini paves the way for other athletes to enter the NFT space.
Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been obtained from sources we believe to be reliable; however, no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Authors may own the cryptocurrency they discuss. The information and content are subject to change without notice. Visionary Financial and its affiliates do not provide investment, tax, legal, or accounting advice.
This material has been prepared for informational purposes only and is the opinion of the author, and is not intended to provide, and should not be relied on for, investment, tax, legal, accounting advice. You should consult your own investment, tax, legal, and accounting advisors before engaging in any transaction. All content published by Visionary Financial is not an endorsement whatsoever. Visionary Financial was not compensated to submit this article Please also visit our Privacy policy; disclaimer; and terms and conditions page for further information.
