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The English Football Association (FA) has launched a Request for Proposal (RFP) tender process for appointing a partner which can help build a long-term NFT platform for the historical sporting institution. As expected, the non-fungible assets expected to come from the platform will be based around the country’s superstar-filled senior men’s team, as well as its women’s team who recently triumphed at the UEFA Women’s EURO tournament, which happened to be hosted by the country.
As with the premise of many NFT platforms, its use of blockchain technology will help create new ways for English fans to engage and interact with their favourite footballers. Through the sales of NFTs, a new avenue of investment will also be generated, which will further mean more money can poured into grassroots football throughout the country.
The IP included in the RFP to produce NFTs include current England player names and nicknames, authorised England Match footage, player imagery, photographs, and curated content which surrounds the infamous logos of the Three Lions, the Three Lionesses, the FA and St. George’s park (i.e. the training hub of English football). Elements of FA-owned artefacts, the iconic national team ‘caps’ concept, and Wembley, the home of English football, will also feature within the platform’s blockchain endeavours.
The actual RFP process involves identifying an NFT partner that’ll help the FA brand grow and thrive within the Web3 space. The institution is also seeking a partner who will simultaneously remain clear and transparent with fans, with respect to the associated risks that come with NFTs and the blockchain.
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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.
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