Barstool Sports put their first ever NFT on sale today, marking the companies introduction into that entire world.
Dave Portnoy was doing his stock market show “Davey Day Trader Global” and announced that Barstool’s first NFT ever was going on sale. There is another incentive for the winner of this auction.
“Whoever wins this NFT, I don’t care how much it costs. Let’s say it goes for 20 grand, a 100 grand, whoever buys that NFT, I will then fly them out and we will watch a game together. Maybe NBA playoffs. I will bet whatever the winning price was…. I will then place that on a sporting event. We will watch and live stream that game together. If that bet wins, you get back whatever you paid for the NFT, if it loses, you just paid your original price.”
Dave Portnoy on DDTG
That kind of changes their first true NFT experience, having the auction also to the experience of hanging out with the founder of Barstool adds a whole new level. People would spend gross amounts of money to do that on its own, so adding this “Non-Fungible Token” is an added bonus.
Nobody knows what the long-term economics of this NFT world is, but it seems like everyone is trying to get in on the game after NBA Top Shot made early investors millionaires.
Ryan had a great article on what NFT’s really are, but to a casual eye, they seem as if they are just the modern-day trading cards. Card companies like Topps, are going public and have committed to also investing in this new digital art.
Portnoy mentioned their could be another NFT soon depending on how their initial auction goes, but if this is the only token the company puts on sale ever, the value is truly unknown.
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