Jalen Suggs Announces He Is Going Pro With An NFT


In early April, Gonzaga guard Jalen Suggs made NCAA history by nailing the first semi-final buzzer in more than 40 years. With just 3.3 seconds left on the clock, he strode down the hardwood and hit a 3-pointer from just past the midfield line. The shot sent Gonzaga to the national championships where they ultimately lost to Baylor.

With Suggs now and expected to land somewhere in the top three picks, he’s auctioning off a commemorative NFT celebrating the moment. Titled “The Shot,” the token is tied to an artwork that shows Suggs raising his fist and smiling. One, for those who are still not sure what it is, is a way to link an intangible asset to a specific token that is unalterable.

What separates the NFT Suggs auction from many that we’ve seen in the past is that it also includes the shoes that he wore during the game, which he also signed with his autograph. That is, the person who wins the auction will get a tangible asset. College athletes generally can’t monetize what they did in school, but Suggs seems to have found a clever solution in that the artwork is approaching a career-defining moment rather than replicating it in bulk.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we can earn an affiliate commission.

Source link