In the cryptocurrency market, the spring mood quickly dissipated and the winter market is back in full force. The leading crypto Bitcoin (BTC) has dropped below $ 17 thousand from its last 5-month peak above $ 18 thousand. Leading altcoin Ethereum (ETH) also gave back all of its weekly gains. However, there are also projects that use the crypto winter to thrive despite the harsh conditions. One of them, Proof-of-Stake (PoS) Blockchain Tezos, has partnered with Manchester United.
Manchester United collaborated with this altcoin project
English football club Manchester United is undoubtedly one of the biggest clubs in world football. Manchester United is now gaining a foothold in the blockchain world. In this regard, the football club collaborated with PoS Blockchain Tezos (XTZ). As part of the partnership, it launched the first Non Fungible Token (NFT) collection on Tezos.
Football fans now need to sign in using their Tezos wallet to claim NFTs. It is possible to store digital collections in one’s wallet. Also, there is the possibility of tracking on the Blockchain. Also, the club’s first NFT collection is a key that gives fans free access to a host of rewards. Keys are divided into three groups based on their rarity: Classic Key, Rare Key, and Ultra Rare Key. Meanwhile, the club’s NFTs will be randomly distributed to their fans.
Why did the giant football club choose Tezos?
cryptocoin.comAs you follow, Manchester United announced the NFT project in mid-November. He also described it as a gift to fans. The English Premier League football team has also announced that it will create a virtual world that will connect to its official Discord.
Rewards promoted by the club include access to various competitions and exclusive Discord channels. Key holders will also gain access to the club’s upcoming NFTs. Users who manage to get the rarest keys will also be able to get the most special rewards. Manchester United also promoted Tezos as one of the most advanced and sustainable Blockchains in the world. He noted that this was one of the reasons he chose the altcoin project.
XTZ, meanwhile, rose in February after the blockchain firm announced a partnership with Manchester United. The £20m annual training kit sponsorship deal received approval soon after the initial report.
At press time, XTZ was trading at $0.8957, down 3.52% on a daily basis, according to data from CoinMarketCap. The altcoin hit an all-time high of $9.18 in October last year. However, in 2022, like the entire market, it witnessed drastic declines. At its current price, the altcoin is about 90% off its peak.
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