CCFC ventures into NFT trade
The Hindu
I-League club Chennai City FC (CCFC) on Thursday signed a Memorandum of Understanding (MoU) with Belfrics BT, a blockchain platform, and KPR info solutions seeking to boost India’s multi-million-dolla
I-League club Chennai City FC (CCFC) on Thursday signed a Memorandum of Understanding (MoU) with Belfrics BT, a blockchain platform, and KPR info solutions seeking to boost India’s multi-million-dollar sports industry through the trade of NFTs (non-fungible tokens) affiliated with the club.
NFTs are collectible digital assets that bear a value in the same way that physical assets do.
CCFC CEO Rohit Ramesh intends to increase the popularity of football in the country by converting players into NFTs, which will allow stakeholders to invest in them while also becoming part-owners of the club.
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