The National League is in discussions regarding an official non-fungible token (NFT) partner, with clubs expected to tweet about the token scheme twice a month according the The Athletic.
The plans, which have not yet been confirmed, were discussed at the organisation’s annual dinner last week at Celtic Manor near Newport in Wales.
NFTs have been discussed as a potential new revenue stream for a league which is starved for cash compared to the country’s professional divisions.
As part of the proposed arrangement, clubs would be expected to regularly post about the tokens on social media.
Non-fungible tokens are a form of digital asset based on blockchain technology that underpins cryptocurrencies like Bitcoin and Ethereum.
To their advocates, they are the modern iteration of trading merchandise like stickers or clothing, but to detractors, they are enriching the already wealthy to the detriment of sports fans exposed to unregulated financial speculation.
The National League sits below the English Football League and is formed of the fifth tier of English football as well as the sixth which is split into north and south divisions.
Read more at: https://theathletic.com/news/national-league-nft/Cqqs0N5uZNQm/