Non-fungible token (NFT) ecosystem DraftKings Marketplace has gone live and will be featuring its first Preseason Access Collection, set to debut this week.
The NFTs will be available exclusively on Autograph and the DraftKings Marketplace.
The launch will enable fans to access the DraftKings Marketplace through desktop or mobile and through the website or apps.
“NFTs bring an entirely new dimension to the collector experience, and I cannot wait for people to discover and engage with this first ever drop of Autograph’s official digital collectibles,” said Tom Brady, co-founder of Autograph. “We created Autograph as a way for fans and collectors to own a piece of iconic moments in sports and entertainment through authenticated and official digital collectibles and we are just getting started!”
Cryptocurrency and digital asset platform FalconX has more than quintupled its value and now sits at $3.75 billion.
CEO Raghu Yarlagadda said in a recent interview that the company has raised $210 million in a recent funding round.
The company has been profitable for around a year. Its revenue grew by a multiple of 30 times in the 12 months ending June 30.
This comes even as local authorities in India have been cracking down on cryptocurrencies.
CEO and co-founder Sumit Gupta has said he plans to use the money to double his team in the next six months, which will result in around 400 workers in India.
India has seen crypto booming, with investments growing to almost $6.6 billion as of May.