Patrick Mahomes Looking to Cash in On NFT Boom

Patrick Mahomes Looking to Cash in On NFT Boom

April 12, 2021 0 By Stephen Callahan

Kansas City Chiefs quarterback Patrick Mahomes is jumping in on the current trend of non-fungible tokens. Patrick Mahomes is now going to sell collectible non-fungible tokens. Next week, he will be selling NFT tokens in a display called the “Museum of Mahomes”. This sale will take place on the Makersplace Digital Art Platform.

For Mahomes, there was no question that he was going to get in on the NFT trend due to the rapid increase in value of collectibles that are digital.

There will be an auction of three pieces of digital art that representative memorable instances in Patrick Mahomes’ career. The auction will take place next Wednesday at 6:30pm. Starting prices for the digital art that is being sold will be as low as twenty-five hundred dollars and as high as fifteen thousand dollars.

Part of the proceeds from the auction will go towards completing of a playground for a foundation that was established by Patrick Mahomes. It is called the 15 and the Mahomies Foundation. The playground would be located at a Kansas City-based park named MLK Park. Other part of the proceeds from the auction will go towards a Boys & Girls Club in Missouri.

The non-fungible tokens trend really picked up steam this past week. For instance, there was a piece of digital art that sold for 4,200 ethereum tokens. At the time of the sale, this was equivalent to over 7 million dollars. Specifically, it was an avatar of an alien with a hat and sunglasses on while smoking a pipe.

In addition, there was a tremendous increase in Cryptopunk digital art sales last week. Nearly 400 Cryptopunks were sold in the several days. The total that was made from those sales totaled nearly 37.5 million dollars. Another platform by the end of NBA Top Shot generated over 50 million dollars in sales last week.

Patrick Mahomes is not the only athlete that has embraced the NFT craze. Tampa Bay Buccaneers TE Rob Gronkowski is releasing five digital sports cards as part of a partnership with a NFT digital platform known as Opensea.