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The Non-Fungible Token (NFT) auction will take place online with the initial phase launching on August 20, 2021. It will continue for one week with bidding ending Friday. August 27 at 6:00pm PST.
More information is available at https://powerfan.io/featured_creator
During the upcoming auction, users can increase their bid as many times as they want. They will bid to win one of five NFTs that can be exchanged for unique art, footage taken behind-the-scenes during the fight, and experiences not available to purchase anywhere else.
This includes custom art by renowned artist Jun Aquino, known as ‘The Painter of Champions.’ The highest bidder will win the official fight painting made for the Manny Pacquiao vs Errol Spence Jr. fight, personally signed by Manny Pacquiao himself. The funds will support the Manny Pacquiao Foundation, which helps communities in need around the world.
Despite only recently gaining mainstream attention, NFTs are growing in popularity as they provide investors with a digital asset that will keep its value. An NFT, whether a piece of art, music, or fashion, is not vulnerable to forgery like traditional assets or collectibles.
This is because an NFT can contain a unique imprint or code placed there by the artist. In addition, as it is stored digitally through a blockchain system such as Ethereum, Flow, or Tezos, it cannot be altered.
Standardization of cryptocurrencies, blockchain technology, and NFT protocol is increasing consumer confidence. This is important as individuals are actively embracing alternative investment options.
A company spokesperson said: “Jun Aquino is the first Asian artist to be inducted by the West Coast Boxing Hall of Fame, the Art of Boxing category. For the first time in history, a collection of NFTs representing world champion fighters is being auctioned.”
“Manny Pacquiao is one of the greatest professional boxers of all time whose fights have generated $1.2 billion in revenue. Only seven ‘Portrait of a Champion’ NFTs will ever be minted,” they added.
To find out more about bidding, interested parties are encouraged to visit this link https://powerfan.io/featured_creator
Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party, and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions.
Release ID: 89042459