As the World Cup is currently in full swing, crypto sports bettors are putting their money into tokens named after their favorite teams. But aside from the excitement that comes with betting tokens, cryptocurrency is being embraced in the world of sports in a much more meaningful way. Credit Suisse‘s CSX is partnering with the SFA to release an NFT collection celebrating the Swiss Women’s National Team. The 756 NFTs, minted on the Ethereum blockchain, will feature a series of digital portraits of each team member. All proceeds from the collection will be donated to the team and other organizations dedicated to empowering female football players.
Funds Allocation for Women’s National Team and Girls’ Football Projects
The token collection will be on sale from July 11, with packages ranging from $167 to $11,000. Moreover, Each package includes perks like physical artwork, a meet and greet with players, and a signed jersey.
Sandra Caviezel, the head of partnerships and sponsorship at Credit Suisse, is spearheading the project. Speaking about it in a press release, Caviezel stated, “These funds will, on the one hand, provide direct support to the women’s national team. On the other hand, they will be used for girls’ football projects and are thus earmarked for the promotion of young talent.” The intersection of sports and NFTs continues to grow as more mainstream brands and teams embrace the new Web3 economy. FC Barcelona partnered with World of Women to release a digital artwork honoring Alexia Putellas, the star player.
Sotheby’s Acquisition of the NFT for Nearly $700,000
The “Empowerment” collection by artist Rhi Madeline was auctioned on OpenSea, featuring artworks related to women’s empowerment. The owner of the NFT was provided with various FC Barcelona benefits. These benefits include signed cleats, a chair from Barcelona Stadium, and a portrait of Putellas by Oscar Tusquets. In 2022, FC Barcelona released its first NFT collection, “In a Way, Immortal,” featuring football legend Johan Cruyff. Furthermore, Auction house Sotheby’s acquired the NFT through purchase for nearly $700,000.
CSX’s NFT Collection: Mainstream Adoption of Web3 in Sports
CSX’s NFT collection is a significant milestone in the mainstream adoption of Web3 in sports. The collection promises benefits to everyone involved. Moreover, the beneficiaries of the NFT collection include the Swiss Women’s National Team, young talent, and collectors. Sandra Caviezel expressed excitement about using NFTs to support women’s football growth in Switzerland. Lastly, CSX and the SFA’s efforts will help the Swiss women’s national team achieve their NFT collection goal.
Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.