VVS Laxman, Akram in the first crypto cricket platform

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IMAGE: Former Indian drummer VVS Laxman. Photography: BCCI

Cricket Foundation, the blockchain-based platform headquartered in Singapore, brought together around 120 partners from the cricket ecosystem, including former greats Wasim Akram, VVS Laxman and Lance Klusener, as they launched the first NFT of the genre, named ‘CricketCrazy.io’.

The cryptocurrency, which is rapidly gaining popularity in the Western market, is poised to enter the cricket space with the “Cricket Foundation”, which claims to have 50,000 users even before its launch, and is complemented by more than 60,000 subscribers on social networks.

The Cricket Token (CRIC) was successfully listed on Indian and international crypto exchanges last week, with a market cap of over US $ 200 million.

The CRIC token is the transaction support for all applications built on the platform and is essential for maintaining the security and integrity of the Cricket Blockchain platform, in addition to being used for governance. of the platform.

The platform had around 50 unique moments in cricket history on day one, worth over US $ 200,000. The platform will add around five non-fungible (non-fungible token) tokens of iconic moments daily, with over 20,000+ cricket media assets in the library to choose from, provided by its various partners.

NFT is a unique digital asset designed to represent the ownership of a virtual object.

Former India Test cricketer and Cricket Foundation co-founder Parthiv Patel said: “This is a new way for us to engage with our fans, CricketCrazy presents a unique digital offering to cricketers and franchises to improve their reach as well as the relationship with fans by giving them a sense of belonging, involving them in community decisions and keeping them engaged in the game. For fans, NFTs are the only way to own digital sports assets and collectibles.

Parthiv believes that cricketers after retirement need to take care of their finances.

Speaking at the virtual launch of ‘CricketCrazy.io’, the world’s first NFT (non-fungible token) exclusive marketplace for cricket, the former skipper of Gujarat said: “You’re talking let’s say 35-36 (years old), not many players continue to play until the age of 40, so you have to manage your finances as well.

“Once you are retired it is very difficult to start with the same flow, so platforms like this (Cricket Foundation), if you can explore it you can maintain it for life. So finance is a very, very important part of every cricketer’s life now.

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