Liverpool FC and Sotheby's are teaming up to launch the NFT Collection on Polygon

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Liverpool FC and Sotheby’s are teaming up to launch the NFT Collection on Polygon

Liverpool FC and Sotheby's are teaming up to launch the NFT Collection on Polygon
Source: CryptoAI
1648738558 31 Mar / 14:55

From March 30 to April 1, Sotheby's online Metaverse auction will include Liverpool FC's first official NFT collectible. Liverpool FC in the LFC Heroes Club series marks a turning point in how NFTs may appeal to their fan base with special editions and unique concepts customized to their followers as one of the most successful and iconic football teams in the world.

Liverpool Football Club announced on March 24 that they are starting a series of NFTs in collaboration with the renowned auction house Sotheby's. Between March 30 and April 1, Sotheby's will collaborate with Liverpool Football Club (LFC) to host two non-fungible token (NFT) sales geared towards football stars and coaches.

Sothebys has paired up with Liverpool to launch its first official NFT collection, which will be sold online for three days from March 30 to April 1. The Premier League of Liverpool is collaborating with Sotheby’s on digital art, and the three-day auction will take place on the energy-efficient Polygon blockchain.

Liverpool have established a connection with renowned auction house Sothebys, which has emerged as the market leader in digital art and NFTs (non-fungible tokens) for their collection of NFTs, after evaluating the digital collectibles market over the past 12 months, feedback from fans, and interacting with the Spirit of Shankly supporter group.

The Spirit of Shankly Fans League has urged English football superpower Liverpool to explain the club’s entry into the market, given the carbon footprint of NFTs and their use as a speculative resource. Liverpool has established two different sorts of digital collectibles in order to make NFTs more accessible to fans, according to the club.

The club has created two types of digital collectibles to make NFTs available to all Liverpool fans: a set of 24 unique 1v1 Legendary NFTs, a set of 24 unique 1v1 Legendary NFTs, and a set of generative NFTs. The Hero Edition mixes many players’ illustrations to create a one-of-a-kind digital souvenir for each fan.

Fans will be able to purchase a randomly generated Hero Edition during the promotion, which will be unveiled at the end, and Liverpool Football Club (LFC) has emphasized their commitment to supporting the LFC Foundation, the official charity. Liverpool FC is devoted to supporting its official charity, the LFC Foundation, and honoring these heroes for some exceptional work off the pitch, in addition to establishing new and inventive ways for fans to engage with their football heroes on the pitch. The LFC Foundation will also establish the LFC Foundation Heroes NFT to honor employees who have made a major contribution to Liverpool’s charity efforts in the community.

Liverpool FC has announced that 50% of NFT Legends auction proceeds, 10% of NFT Hero proceeds, and 10% of NFT resale proceeds would be donated to the LFC Foundation, the club’s charity. The LFC Foundation, a charity club employee, will receive 50% of all earnings from the Legendary 1/1 auction, 10% of all proceeds from the Hero NFT Limited Edition, and 10% of royalties from any subsequent sales from the renowned Liverpool Football Club.

The LFC Foundation, Liverpool FC’s official charity, will also benefit from the sale. Liverpool Football Club will donate half of the earnings from the sale of the historic collection to the club’s approved charitable and community projects. As a result, half of Liverpool FC’s (LFC) first-class auction earnings, plus 10% from the randomly selected Hero Edition and 10% from all future resale fees, will go to fund the club’s official charity for life-changing charitable and community projects will be donated to the LFC fund as well. According to Sotheby’s, 50% of the proceeds from “Legendary” and 10% of the proceeds from “Heroes” will go to the LFC Foundation.

The purchase or winning of any NFT for Liverpool FC, according to Sotheby’s, entitles the buyer to membership in the LFC Heroes Club, an online network of fans that includes forums, “virtual parties,” and discounts on Liverpool items. With the launch, fans will be able to own one-of-a-kind digital memorabilia inspired by the Reds’ men’s team’s 24 stars, as well as communicate with other NFT owners in a unified NFT community dedicated to LFC supporters. Fans may join an innovative fan community with access to LFC community forums, unique experiences, virtual meetups, matches, LFC retail discounts, and more by purchasing the NFT LFC, all while contributing funds for the LFC Foundation and supporting good causes in Liverpool.

That’s not everything. LFC collaborated with famous auction house Sotheby’s to create the inaugural NFT collection. Under the terms of the agreement, the major Polygon-based platform of auction company Sothebys, Metaverse, will publish digital artifacts inspired by Liverpool’s 24-star men’s team, resulting in the formation of an NFT community dedicated to Liverpool Premier League supporters. Sotheby’s and our web3 technology collaborated to produce the first NFT collection, allowing ardent Reds fans all over the world to engage in long-term projects.

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