After Major League Baseball (MLB) revealed its partnership with Candy Digital, the Los Angeles Dodgers announced that they would auction a non-fungible token (NFT) World Series championship ring, physical version and VIP first pitching experience. The NFT series will be auctioned online on Monday, July 12, and the net proceeds will be donated to the Los Angeles Dodgers Foundation (LADF).
Los Angeles Dodgers Announce 2020 World Series Ring NFT
Another sports team is selling non-fungible token (NFT) assets because the Los Angeles Dodgers of Major League Baseball revealed that it plans to sell the NFT of the World Series championship ring hosted on the Candy Digital marketplace. The NFT package includes the 2020 Los Angeles Dodgers World Series ring NFT collection and the VIP first pitching experience at Dodger Stadium. At approximately 9 am (Pacific Time), Candy Digital will hold an auction from July 12 to Thursday at 4 pm (Pacific Time).
In addition to the 2020 World Series championship ring NFT, the Los Angeles Dodgers will also sell a public version of the NFT, which showcases the 2020 World Series logo and the Dodgers’ shooting NFT. The proceeds of the low-end NFT will also be donated to LADF, which can be purchased for $20.20. Candy Digital is the brainchild of Fanatics co-founder Michael Rubin and entrepreneurs Mike Novogratz and Gary Vaynerchuk.
The Dodgers Executive Vice President and Chief Marketing Officer Lang Rosen said in a statement to the media: “The Dodgers are delighted to work with MLB and Candy to continue as the first MLB club to obtain an official NFT license. The team’s tradition of innovation.” Rosen further added:
There has never been a chance to own a World Series ring in digital and physical form before, and we hope this is the first of many such as we will continue to develop unique and multifaceted experiences for our fans.
The winner of the World Series Ring NFT auction gets a physical ring with NFT token ID
The news from the Los Angeles Dodgers came after MLB recently announced a partnership with crypto collectibles startup Candy Digital. The first NFT release featured Lou Gehrig, first baseman of the New York Yankees. “MLB and Candy’s first NFT is the 1-of-1 NFT in Gehrig’s iconic “Luckiest Man” speech. This Yankee legend was diagnosed with muscular atrophy on July 4, 1939. He gave a speech at Yankee Stadium after scoring,” Major League Baseball reporter David Adler detailed at the time.
The winner of the Los Angeles Dodgers NFT auction will receive a high-list version (1-of-1) Dodgers 2020 World Series championship ring NFT developed by RTFKT Studios and a physical ring specially made for auction. The physical ring will contain an NFT token ID that can be verified on a public blockchain browser. In addition, the winner will also receive four premium tickets for the Dodgers game and the VIP first pitching experience at the Dodgers Stadium.
“As Major League Baseball continues to find new ways to interact with fans, the Dodgers World Series Ring NFT has launched an innovative product to commemorate the first World Series champion in the new decade.” Noah Garden, the chief revenue officer of the alliance, explained in the announcement.
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Image Source: Shutterstock, Pixabay, Wiki Commons, Los Angeles Dodgers and RTFKT studios,
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