Here’s How Floyd Mayweather’s ‘World’s First NFT Sporting Event’ Works

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Floyd Mayweather is one of the greatest boxers of all time. Besides being undefeated, he is also worth a lot of money. One way Mayweather hopes to continue to grow his bank account is to subscribe to the NFT fad, which many other celebrities and athletes have also gotten into.

Here’s a look at Floyd Mayweather’s first global NFT sports event, what it really is, and how it works.

A preview of Floyd Mayweather’s NFT event

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According Bad left hook, the event was originally scheduled for May 14 in Dubai on the helipad of a hotel roof. Plus, not only was Mayweather going to fight another legit boxer in an exhibition match, but the rest of the card was stacked as well.

Mayweather was supposed to fight Don Moore, a boxer with an 18-0-1 record, although Moore hasn’t fought since 2016. The rest of the card featured fighters like UFC all-time great Anderson Silva, who was supposed to fight Bruno Machado, as well as Badou Jack, a highly ranked boxer who was going to face Hany Atiyo.

Unfortunately for Mayweather and the rest of the card, the event saw some unforeseen news. The President of the United Arab Emirates, Sheikh Khalifa bin Zayed Al Nahyan, died on May 13, while ESPN reports. Following his death, the United Arab Emirates announced a three-day work suspension, which prevented the event from going ahead as planned. Mayweather’s NFT event has been rescheduled for May 21.

The exclusive benefits that NFT buyers will receive

According CryptoSlate, the operation of the event as it relates to NFTs and cryptography is quite simple. As with any other PPV event, fans and the curious can purchase access to watch the event live. In this case, people will buy an NFT ticket, which will give them access to the live PPV event.

Besides that, by having an NFT ticket, people get access to exclusive items. They include, according to CryptoSlate, “limited edition 3D collectibles, unique video material, and official media files.” Other things, such as “future access, incentives, and rewards” may also be offered, and their values ​​may increase after purchase.

Other than that, another difference is the provider. Unlike ESPN’s payout for a PPV, people will have to go to Rarible to purchase one of these NFT tickets. That’s really all there is to it. Mayweather also appears to be investing in NFTs in other ways.

Floyd Mayweather even started his own NFT business

Boxing legend Floyd Mayweather | Eric Espada/Getty Images

Beyond Mayweather’s fight and the NFT event, the all-time great boxer also launched his own NFT. His name is simply Floyd Mayweather NFT. According to FloydNFT, it will give Mayweather fans access to an exclusive community of other Floyd Mayweather NFT holders. This community has a lot of benefits that Mayweather fans can appreciate.

For example, there are exclusive media and comics released only for community fans. Mayweather himself apparently also participates in the community, so fans can interact with him. On top of that, Mayweather also appears to be a participant in the Metaverse, which shows that he’s really into crypto and NFTs.

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