At present, blockchain technology is getting adopted on the behalf of several industries across the world on a huge level and another significant step has been taken by the sports industry in this field. This time, the organizers of the Australian Open – a prominent company – have jumped in this competition and the tournament turns into the earliest one having the inclusion of NFTs (non-fungible tokens), as disclosed by a report of Gizmodo.

Australian Open to integrate NFTs

An examination of the strategy pointed out that several dimensions exist through which the NFTs could be integrated into the respective competition. For the commencement, up to 6,776 NFT collections will be provided to be accessed by the public. The respective series has been entitled “Art Ball NFTs.” In addition to this, there are some clear signals that many little plots would be associated with each NFT.

Some additional examination brought it to the surface that the NFTs’ integration would be fashioned in such a way that guarantees for each winning shot during the 600 matches of the tournament, established holders will receive an airdrop. The respective airdrop would take account of Australian Open products, virtual wearables along things.

It is noteworthy here that on a winning point taking place within a championship match, the actual ball would be given to the holder of the NFT with a customized engraving. The selection of the location for the court for each NFT would be carried out on 13th January on the minting of the collections for 0.067 ETH (nearly $350) per NFT.

Platform starts its competition within the metaverse

The well-known tournament is framing an online type of competition on Decentraland (a prominent venue for metaverse). While the respective tournament is scheduled to start from 17th January, the fans thereof are allowed to virtually take part in an AO Decentraland worldwide party, including a 3-dimensional virtual reality venue that would provide tennis proponents to have the chance for scouting the Australian Open.

Because of the pandemic Covind-19 which has severely impacted the world, it is extremely difficult to physically attend the events such as the Australian Open. In this situation, virtual places and events across the globe are becoming a trend inevitably. As per the tournament director of the Australian Open – Craig Tiley – the entirety of the tennis proponents would have the potential to be a part of the Australian Open this year in a matchless manner.