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Sports Memorabilia NFTs Bring Web of Rights to Negotiate for Athletes, Agents
Racecar drivers constantly fight for a better spot to move up in the standings.
Today, drivers and the racing world around them, including owners of racetracks and motorsports series along with sponsors, agents, and attorneys, are confronted with another proverbial jungle to navigate. This one, however, lives online, not the racetrack.
The advent of digital sports memorabilia in the form of non-fungible tokens (NFTs) has created a web of rights in driving along with other independent, contractor-like sporting enterprises such as boxing or Ultimate Fighting Championship (UFC).
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