TIAR to launch NFTs in partnership with Indian Boxing Council and WBC
If you Google “sport”, it says an activity involving physical exertion and skill in which an individual or team competes against another or others for entertainment.
But if you ask yourself what sport is to you, the answer might differ. For some, it would be a source of income, for some just a way to pass time. Few of us might indulge in playing it, while a lot of us might be enjoying just watching it. But each of us do have some memories associated with it. Sports brings together people and unites them. Remember those iconic goals of Lionel Messi while he was at Barcelona? Or famous MS Dhoni six to seal the ODI Cricket World Cup for India on 2nd April 2011? Or Canelo’s upper cut vs Saunders? The entire nation was backing them, we were all cheering for them and the sport gave us those moments to cherish.
Imagine if you were to own a unique, rare, collectible copy of these great sporting moments? On your name, etched forever? Sounds cool right? Well, that is what is happening in the world of NFTs right now. There are many up and coming platforms that allow you to own sporting moments, artefacts, player cards, etc. trade them and use them in games. A few of them are: NBA Top Shots, UFC Strike, LaligaOnFlow, SoRare, Ethernity and Fancraze
The top 15 sports NFTs are all listed for over $1 Million Dollars on various marketplaces. For instance, “Statue of LeBron” is currently listed for 10,000 ETH which is ~$16 M.
NBA Top Shot works on the Flow blockchain from Dapper Labs and allows people to own, sell and trade official digital collectible NFTs of the NBA and WNBA’s greatest plays and players. Meanwhile, SoRare and Fancraze do the same for Football and Cricket respectively.
So what are we at TIAR doing? TIAR just signed a 10-year NFT deal with the Indian Boxing Council (IBC) and WBC India. As per this deal, TIAR will launch NFTs involving artwork, player profiles and key moments of the sport. This 10-year revenue-sharing model will generate monetary value for boxers, promoters and other stakeholders involved in the professional boxing ecosystem in India.
Indian Boxing Council to launch NFTs in partnership with TIAR | Boxing News - Times of India
NEW DELHI: The Indian Boxing Council, which is a regulatory body for professional boxing in the country, has partnered…
IBC president Brigadier (Retd) PK Muralidharan Raja said that he believes this partnership between TIAR and IBC will introduce a steady source of passive income for the boxers, and the promoters will get a whole new channel of revenue too.
But where do we get these moments from? Indian professional boxing matches do not get the same attention and hype from the fans, because they do not even know they’re being played. The streaming, the coverage and the exposure given to boxing compare nothing to what other league-based sports in India get. And this presents an opportunity to organize a professional and world-class boxing league.
What does TIAR do? We grab this opportunity with both hands. TIAR is planning, organizing and presenting to you all, a one-of-its-kind professional boxing league wherein boxers from all over the country will fight it out for the coveted title, helped and mentored by world-renowned coaches.
Stay Tuned for more announcements and Follow the page for more updates. 😉
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