The PGA Tour plans to launch non-fungible token (NFT) initiatives with digital platforms Sorare and Autograph, according to Golf.com. Under the project structures, which has not yet been confirmed by the parties involved, players are expected to earn revenue based on the sales performance of NFTs where their name, image and likeness (NIL) are used.
The news is based on an email sent to golfers.
Autograph was co-founded last year by American football player Tom Brady as a platform for athletes and celebrities to drop branded NFT collections. Legendary golf player Tiger Woods is a board advisor and equity holder, among other sports stars.
This may be Autograph’s first league deal where it has rights to mint NFT’s based on licensed video footage. Dapper Labs launched the genre with its NBA Top Shot game which it followed up with NFL All Day, the UFC, Spain’s La Liga soccer, and others.
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