Cricket NFT FAQs
What are cricket NFTs?
Non-fungible Tokens are unique representations of real-world assets (for example, trading cards), made ownable and tradeable using blockchain technology. In the case of cricket, the NFTs range from cricketing moments to player images.
Are cricket NFTs cryptocurrency?
No, they are two completely different things. Cricket NFTs are tradeable online, but they are not a form of currency, and are instead a product bought and sold like traditional memorabilia. The only real similarity is that they both use blockchain technology.
How do you buy them?
Currently all Rario NFTs can be purchased on their marketplace in packs just like traditional trading cards. You can purchase them on the Rario Marketplace, a platform where you can buy, trade and sell your Rario NFTs to build up your collection of favourite cricketing moments from the history of the game or own the complete set of cards of your favourite players.
What will Rario NFTs cost?
There will be a range of different NFT series at various price points.
What determines the worth of cricket NFTs?
Like trading cards, NFTs will generally be valued based on the demand (popularity) and supply (scarcity of the moment), so ultimately value is determined by market demand.
What cricket range does Rario currently produce?
Rario produces NFT series for the Hero Caribbean Premier League, Lanka Premier League, Abu Dhabi T10 League and Legends League Cricket, Lanka League. The brand also has a roster of over 600 international cricketers as well as over 30 exclusive brand ambassadors like Aaron Finch, Faf Du Plessis, Jason Holder and many more. This will be its first official licensing partnership with a national cricket governing body.
Are Rario NFTs environmentally sustainable?
Rario, Cricket Australia and the Australian Cricketers’ Association are committed to a partnership that sees NFTs produced in a sustainable manner. For example, Rario uses Polygon blockchain, an Ethereum compatible side-chain, to mint NFTs. This translates to more eco-friendliness and considerably fewer carbon emissions.
