Poker NFTs: WPT Moments to Go on Sale Beginning April 18
It was solely a matter of time till poker and the fast-rising world of non-fungible tokens (NFTs) overlapped.
That second seems to have come due to a brand new partnership between the World Poker Tour and Theta Labs, operators of the Theta Community, which can help the NFTs. Choose WPT moments will first go on sale April 18 in the course of the premiere of a four-episode money sport collection, as poker turns into the most recent trade to dive into the favored new blockchain frontier.
The WPT billed the sale as “the world’s first real-time NFT market” in a Thursday morning presser.
“Our unique NFT launch with Theta Community is certainly one of our greatest digital initiatives to this point, and for the primary time ever we’re combining our world attain of dwell televised poker with an NFT market, giving our followers an interactive, real-time alternative to gather a chunk of the WPT poker motion,” mentioned WPT CEO Adam Pliska within the launch.
A Transient Rationalization of NFTs
A deep dive into NFTs is past the scope of this text, however many readers will not be acquainted with them, so PokerNews will try to offer a quick primer.
Primarily, NFTs are digital collectibles — the later being the “token” a part of the equation.
The “non-fungible” half means each is exclusive — they don’t seem to be interchangeable the best way two financial notes of the identical denomination could be. Nevertheless, this generally is a bit deceptive. Every token is exclusive within the sense that it has its personal id on the blockchain, however different tokens could have the identical look the identical manner two similar soccer playing cards do.
Listed here are just a few key factors from the BBC’s article on the matter from March, throughout maybe the peak of NFT craze to this point:
- NFTs are “one-of-a-kind” property within the digital world that may be purchased and bought like some other piece of property, however they don’t have any tangible type of their very own.
- The digital tokens will be regarded as certificates of possession for digital or bodily property.
- As with crypto-currency, a report of who owns what’s saved on a shared ledger often known as the blockchain.
- The data can’t be solid.
- Curiosity has been fueled by latest headlines of multi-million-dollar gross sales.
How Does Poker Match into the World of NFTs?
Examples of widespread NFTs which have taken the world by storm embody digital artwork, music and even basketball spotlight clips — the latter, NBA High Shot, seems to be instructive in what the WPT is making an attempt to do.
Like NBA High Shot, the WPT NFTs will likely be poker “moments,” in all probability video snippets documenting a memorable hand or scene at a poker occasion. Additionally like NBA High Shot, the WPT plans to launch the moments in three tiers: Base, Uncommon and Legendary. Uncommon NBA packs retail for $99 and Legendary ones for $999.
PokerNews inquired as to the pricing of the WPT packs and was instructed “pricing is TBD.”
WPT moments — there would not look like a catchy title like High Shot, at the least as of the presser — do not determine to fetch the identical form of worth because the High Photographs, a few of that are promoting for six figures. In any case, the marketplace for poker followers would not fairly match as much as that of the NBA.
Nonetheless, if poker followers discover them endearing or deem them collectible, a market might develop across the NFTs.
The WPT is bringing maybe its greatest title to bear for the preliminary drop, the late Mike Sexton. The longtime former commentator and face of the corporate will likely be featured in a particular NFT with solely three releases that will likely be auctioned off. The good cash would appear to be on Sexton’s 2016 WPT win, which he known as certainly one of his life’s desires on the time.
The WPT moments will go on sale throughout specifically timed “drops” that can happen throughout upcoming episodes of WPT TV reveals. Somewhat than the standard match content material, the reveals will consist of money video games filmed in October 2020 that includes a number of large names that will likely be revealed within the coming weeks.
“Every week in the course of the episode, in-show commercial and promotional segments will direct viewers to the NFT market to queue up, buy unique WPT packs for a restricted time and take part within the dwell public sale for a singular legendary poker second,” the WPT presser defined.
The episodes will run on 4 consecutive Sundays, April 18 via Might 9. It wasn’t indicated when or how typically the NFTs will likely be out there after that.
Theta Community to Energy WPT NFTs
Whereas most NFTs are housed on the Ethereum blockchain, the WPT has partnered with Theta Community, a blockchain firm targeted particularly on media supply. It touts itself as a quicker, extra eco-friendly community when in comparison with ETH.
The corresponding cryptocurrency, THETA, has been amongst a lot of surging cash in a latest bull run within the markets. On the time of writing, THETA had the Eleventh-ranked market cap in accordance with trade tracker CoinMarketCap, with its worth having elevated three-fold previously month to roughly $12.
“We’re excited to launch the next-generation NFT market with WPT, a singular alternative to deliver digital collectibles synchronized to dwell TV and cable broadcast to an viewers of thousands and thousands worldwide,” mentioned Mitch Liu, co-founder and CEO of Theta Labs.
These concerned with pre-registering for the WPT drops can head to ThetaDrop.com
Lead picture courtesy of WPT