The Los Angeles Dodgers will be auctioning the 2020 World Series NFT ring via Candy Digital

The Los Angeles Dodgers will be auctioning the 2020 World Series NFT ring via Candy Digital - 3040After Major League Baseball (MLB) revealed a partnership with Candy Digital, the Los Angeles Dodgers announced they are auctioning off a World Series championship ring via non-fungible tokens (NFTs), a physical version and an experience. VIP first launch. The NFT collection will begin with an online auction on Monday, July 12, and the net proceeds will go to the Los Angeles Dodgers Foundation (LADF).

LA Dodgers Reveal World Series 2020 Ring NFT

Another sports team is selling assets as non-fungible tokens (NFTs), as the Los Angeles Dodgers of the MLB have revealed plans to sell a World Series championship ring NFT hosted on the Candy Digital marketplace. The NFT package includes a Los Angeles Dodgers World Series 2020 collectible NFT ring and a VIP first launch experience at Dodger Stadium. Around 9:00 am (PT), Candy Digital will host the auction on July 12th until 16:00 pm (PT) on Thursdays.

In addition to the 2020 NFT World Series championship ring, the Los Angeles Dodgers will also sell an NFT open edition that displays a 2020 World Series logo and also a Dodgers ball. Proceeds from low-end NFTs will be donated to LADF and can be purchased for $ 20,20. Candy Digital was born from an idea of ​​Michael Rubin, co-founder of the Fanatics company, and of the entrepreneurs Mike Novogratz and Gary Vaynerchuk.

"The Dodgers are thrilled to work with MLB and Candy to continue the franchise's legacy of innovation as the first MLB Club with an officially licensed NFT," said Dodgers executive vice president and chief marketing officer Lon Rosen in a sent statement. to the press. Rosen further added:

"The opportunity to own a World Series ring in both digital and physical form has never been offered before and we hope this is the first of many of these drops as we continue to develop unique multi-faceted experiences for our fans."

The winner of the World Series Ring NFT auction gets a physical ring with the NFT token ID

The news from the LA Dodgers follows MLB's recent partnership announcement with cryptocurrency startup Candy Digital. The first launch of the NFT saw New York Yankees first base Lou Gehrig. "MLB and Candy's first NFT is a 1-of-1 NFT of Gehrig's iconic 'Luckiest Man' speech that the Yankees legend delivered on July 4, 1939, at Yankee Stadium, after being diagnosed with ALS," MLB reporter David Adler detailed at the time.

The LA Dodgers NFT Auction Winner will receive the Dodgers 1 World Series NFT Single Edition High Definition Ring developed by RTFKT Studios and a physical ring created specifically for the auction. The physical ring will contain the NFT token ID which can be verified on a public blockchain explorer. In addition to this, the winner will also receive four premium tickets to a Dodgers match and a VIP first-toss experience at Dodger Stadium.

"As MLB continues to seek new ways to interact with our fans, the Dodgers World Series NFT ring presents an innovative offering to commemorate the first World Series champion of the new decade," said Noah Garden, chief revenue officer of the MLB during the announcement.