The Non-Fungible Token (NFT) mania has become widespread this year, particularly in poker, as the 2022 World Series of Poker Main Event bracelet will be an NFT rather than a physical piece.
As part of a broader collaboration with the NFT platform OpenSea, the World Series of Poker will crown its champion with a fully digital bracelet. On July 16, the WSOP will coin the champion’s name live on PokerGO and CBS Sports Channel.
For individuals who remain incredulous about NFTs, early insider forecasts indicate that such a unique digital asset might have a minimum price of $250,000 and could be valued much more if the trend continues.
Devin Finzer, CEO of OpenSea, commented about the partnership: “Poker players, who were among the early users of this new technology, owe a lot to the NFT sector. It is the first step towards bringing the World Series of Poker to the metaverse, and we could not be more delighted.”
Additionally, OpenSea is hosting an online bracelet tournament for its customers, with all prizes being granted in credits to buy NFTs.
As the WSOP CEO, Ty Stewart, said, “I would not say I understood what an NFT was. I would be lying.”
Undoubtedly, there is something unique about having the winner’s bracelet in front of the cameras, which most players desire. Furthermore, WSOP will make a unique diamond bracelet for the ultimate winner to wear the night they are crowned to commemorate the occasion.
The player then decides whether or not to retain the bracelet or opt for the NFT. While the WSOP anticipates that the ultimate winner will choose the physical bracelet, the organization expects an astute champion to select the first-ever NFT WSOP bracelet, which might prove valuable.
This year’s World Series of Poker (WSOP) is an ‘old school’ diamond bracelet valued at $100,000.