Montreal Canadiens Launch a Limited Edition NFT of the Stanley Cup Playoffs Run
After a surprising run to the Stanley Cup Finals in 2020-21, the Montreal Canadiens appear to be entering a new collectibles market.
The Habs stated on Tuesday that they will issue non-fungible tokens to commemorate their historic run. The first wave of NFTs will be released on Thursday, with more to follow throughout September.
Non-fungible tokens are essentially digital art collectibles that only exist in a digital marketplace. When someone buys an NFT, they own it just like they possess a tangible item.
French President of Sports and Entertainment Groupe CH France Margaret Bélanger on the new collectibles:
"On the heels of an unforgettable season, we're thrilled to provide fans with a unique way to own a digital piece of history in a format that recalls traditional card collecting familiar to generations. In taking this pack model approach, we're hoping to make NFT ownership viable to as wide an audience as possible, and allow collectors of all ages and means the chance to participate in this initiative."
Apparently the works of digital art will be separated into two categories. The "Base" works will be priced at $25 CAD and the "Rare" works will be priced at $50 CAD.
They will be limited editions!
