Australian Open Serves Up NFTs Linked to Live Matches

Tournament director Craig Tiley described the collection as “an opportunity to be part of the 2022 Australian Open in a way never before available.”

article-image

The Australian Open Art Balls NFTs. Source: Australian Open

share

key takeaways

  • The NFTs will be minted on Ethereum
  • The Australian Open plans to stream a virtual tennis tournament in Decentraland

The Australian Open (AO) appears likely to have to make do without world no. 1 Novak Djokovic after the tennis star was refused entry into the country due to COVID restrictions on Wednesday. But the winning shots of those who do compete later this month will be featured in a collection of 6,776 “Art Balls” NFTs as a part of an initiative to “be the first grand slam to enter the metaverse.”

Tournament director Craig Tiley described the non-fungible token (NFT) collection as “an opportunity to be part of the 2022 Australian Open in a way never before available.”

“The AO has always been seen as one of the most innovative sporting events in the world and this project is just another example of our team pushing the boundaries to provide our fans with better access and engagement with the AO,” Tiley said in a statement. 

The NFTs, a digital collectible that verifies ownership on the blockchain, will be linked to live tournament data, according to the AO.

Each NFT’s metadata will be linked to a plot of a tennis court surface in the real-life tournament. If the winning shot from a match in the AO lands on that plot, the NFT metadata will be updated in real-time to reflect the match’s outcomes, according to marketing materials sent to Blockworks.

The AO will also stream the tournament in the 3D virtual reality platform Decentraland beginning on Jan. 17. Users will be able to explore a digital replica of the AO.

“We want the AO to be the world’s most accessible and inclusive sports and entertainment event, and with the unique challenges fans have faced getting to Melbourne we’ve fast-tracked our launch into the Metaverse,” Ridley Plummer, a project manager at Tennis Australia, said in a statement. 

The Art Balls NFT collection goes on sale Jan. 13. The AO begins on Jan. 17.

This story was updated on Jan. 6, 2022, at 2:45 AM ET.


Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the On the Margin newsletter.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.

Tags

Upcoming Events

Salt Lake City, UT

MON - TUES, OCT. 7 - 8, 2024

Blockworks and Bankless in collaboration with buidlbox are excited to announce the second installment of the Permissionless Hackathon – taking place October 7-8 in Salt Lake City, Utah. We’ve partnered with buidlbox to bring together the brightest minds in crypto for […]

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Permissionless is a conference for founders, application developers, and users. Come meet the next generation of people building and using crypto.

recent research

Research Report Templates (1).png

Research

Solana Mobile is a highly ambitious foray into the mobile consumer hardware market, seeking to open up a crypto-native distribution channel for mobile-first applications. The market for Solana Mobile devices has demonstrated a phenomenon whereby external market actors (e.g. Solana-native projects) continuously underwrite subsidies to Mobile consumers. The value of these subsidies, coming in the form of airdrops, trial programs, and exclusive NFT mints, have consistently covered the cost of the phone and generated positive returns for consumers. Given this trend in subsidies, the unit economics in the market for Mobile devices, and the initial growth rate and trajectory of sales, it should be expected that Solana mobile can clear 1M to 10M units over the coming years. As more devices circulate amongst users, Solana Mobile presents a promising venue for the emergence of killer-applications uniquely enabled by this mobile-first, crypto-native distribution channel.

article-image

The FCA claims that CBPL provided e-money services to roughly 13,000 “high-risk” customers

article-image

Plus, breaking down Donald Trump’s shifting crypto stance

article-image

Markets are holding relatively steady despite the supply shock

article-image

Analysts are looking ahead to August, a historically volatile month made more interesting this year by the US presidential election

article-image

Plus, a look into Lighting Labs’ newest feature

article-image

Crypto’s Wild West era is over — it’s time to embrace regulation to secure the future of digital assets