1. BITBILIHome
  2. Article

The Jets QB’s injury at the Bills Match sends Draftkings NFT soaring

• 117 views

TL;DR Breakdown

  • Jets QB Aaron Rodgers’s Achilles injury sends the value of Wilson’s fantasy football NFT to the sky.
  • Wilson’s elite digital play card on Reignmakers for the NFL 2023 team, a polygon-based NFT with 30 editions, was priced at $69 and $99 during kickoff and rose to $400 on secondary markets after the QB’s injury. 
  • The NFT market is in a stagnant state due to the ongoing bear market caused by factors such as regulatory scrutiny frustrating a number of projects, scams, and skeptical investors.

Description

The New York Jets fans’ worst nightmare came to fruition on Monday, as Aaron Rodgers, the New York Jets QB, fell victim to a knee injury in his much-anticipated debut in the first quarter against the NFL franchise, the Buffalo Bills.  The QB is feared to have injured his Achilles, which may keep him off … Read more

The New York Jets fans’ worst nightmare came to fruition on Monday, as Aaron Rodgers, the New York Jets QB, fell victim to a knee injury in his much-anticipated debut in the first quarter against the NFL franchise, the Buffalo Bills. 

The QB is feared to have injured his Achilles, which may keep him off the field for the rest of the season. Rodgers was carted off the field into the medical tent, and the quarterback’s backup, Zach Wilson, stepped in and led the team against the Bills. With the former MVP sidelined Fantasy football quickly took up this shift as the value of Wilson’s fantasy football NFT rapidly increased.

Wilson’s Draftkings NFTs price soar

Rodgers was traded in the offseason from the Green Bay Packers to the New York Jets. Wilson has, in his short career, started in 22 games and struggled two years as the Jets QB when Rodgers replaced him.

Now placed in the national spotlight, Wilson’s NFTs on the fantasy football firm blockchain-based games, DraftKings Reignmakers, quickly shot up in value as Rodgers’s injury crystallized.

A polygon-based NFT, The Wilson’s elite digital play card on Reignmakers for the NFL 2023 team, which has 30 editions in circulation, was valued at $69 and $99 during kickoff and quickly surged after the first quarter to $400 on the secondary markets after the QBs injury. 

The team led by Wilson won against the Bills, and by then, the Elite digital play cards value had already risen $555.On Monday’s recent sale, the card had already mustered $285.

The surge in the NFT’s value shows how quickly tables turn in the National Football League, where one player’s misfortune can be a career-defining moment for another. In the world of sports, the fluctuation presents NFTs as assets that can improve a team’s or athlete’s trajectory.

DraftKings NFL Reignmakers tasks the gamers with assembling a virtual team of NFL players who play against each other as it is in the Ultimate Team game mode or traditional fantasy football, which has proved profitable for the EA sports game franchise.

According to the DraftKings website, players are awarded points based on their performance on the field, such as when they grab a touchdown or rush yards. The virtual contest winners are also paid in digital packs comprised of players, cash, or specific NFTs.The franchise also stated it would award $30 million worth of prizes in the current season.

Reignmakaers have made over $206 million in sales during their existence, according to Cryptoslam, while the Draftkings NFT fantasy sport covers the PGA Tour, the UFC, and football. At the time of writing, the NFT collection has made over $525,000 in sales in the last day. This places Reignmakers over notable NFT collections such as the DeGods and the Bored Ape Yacht Club(BAYC)

NFT performance in the current market

The NFT market is experiencing a downward trajectory as the trade volumes decrease after a shift in the market’s interest as the craze experienced in the first and second quarters cools off. According to data by NFTGo, the NFT market cap valued in Ether has decreased by 40.59%, while the trading volume has plummeted to 40.81% at the time of writing.

Some factors causing the current bear market include the regulatory scrutiny frustrating a number of projects, scams, and skeptical investors.

Despite the downward trajectory, analysts are expressing their optimism stating that NFTs could make a comeback as foresing investors position themselves for the much anticipated ETF. According to Arno Bauer, an architect at BNB Chain, ”the NFT Market is showing promising signs of growth, as sentiments shift towards digital ownership, the potential for NFT integration in various aspects contributes to the optimism towards NFTs future”.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.
Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:The Jets QB’s injury at the Bills Match sends Draftkings NFT soaring

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年9月14日 06:19
Next 2023年9月14日 07:21

Related articles

  • Chinese hackers exploit code flaw, steal US emails

    TL;DR Breakdown Chinese hackers reportedly exploited a flaw in Microsoft’s code to steal emails from U.S. government agencies and other clients. The hackers used a Microsoft digital key, but how they obtained it remains unclear. The breach started in May and has affected around 25 organizations, including the State and Commerce Departments. Description In a surprising breach of digital security, Microsoft, the Redmond, Washington-based tech giant, recently disclosed that cyber intruders of Chinese origin exploited a flaw in the company’s software code, culminating in the theft of emails from U.S. government agencies and several other clients. The severe incident has sent shockwaves through the cybersecurity industry and incited … Read more In a surprising breach of digital security, Microsoft, the Redmond, Washington-based tech giant, recently disclosed that cyber intruders of Chinese origin exploited a flaw in the company’s software code, culminating in the theft of emails from U.S. government agencies and several other clients. The severe incident has sent shockwaves through the cybersecurity industry and incited further tension in the already fraught China-U.S. relations. A cyber espionage saga The alleged…

    Article 2023年7月17日

  • Litecoin (LTC) Achieves Milestone in Payment Transactions as Halving Event Approaches

    TL;DR Breakdown Litecoin achieves an All-Time High (ATH) in payment transactions, showcasing its growing acceptance and adoption as a viable payment option. The upcoming halving event creates anticipation for Litecoin, as historically, it has been correlated with price gains. Litecoin’s deflationary nature and finite supply contribute to its appeal as a store of value. Description In a significant milestone for the cryptocurrency industry, Litecoin (LTC), one of the most prominent digital currencies, has achieved an All-Time High (ATH) in payment transactions. This development showcases the growing acceptance and adoption of Litecoin as a viable payment option in various sectors. Moreover, as the highly anticipated Litecoin halving event approaches, the price … Read more In a significant milestone for the cryptocurrency industry, Litecoin (LTC), one of the most prominent digital currencies, has achieved an All-Time High (ATH) in payment transactions. This development showcases the growing acceptance and adoption of Litecoin as a viable payment option in various sectors. Moreover, as the highly anticipated Litecoin halving event approaches, the price of Litecoin has experienced favorable activity, driving further excitement among investors and…

    Article 2023年6月25日

  • U.S. judge weighs Terra tokens’ security status

    TL;DR Breakdown A U.S. judge is deliberating whether Terraform Labs’ digital assets, including TerraUSD and Luna, are securities, which is central to the SEC’s fraud case against the company. Terraform Labs and founder, Do Kwon, face allegations of defrauding investors by selling unregistered securities. The company disputes these claims, arguing their digital assets don’t fit the securities definition, implying SEC’s lack of jurisdiction over the industry. As the growing influence of digital currencies disrupts financial markets globally, the nature of these digital assets and their regulatory status are under intense scrutiny. A pivotal case involving Terraform Labs and its founder, Do Kwon, is at the epicenter of this scrutiny, with a U.S. judge currently deliberating over the company’s digital assets and their status as securities. Digital assets under microscope in the U.S. At the crux of the issue is whether the digital assets produced by Terraform Labs are considered securities, a decision that will significantly impact the ongoing fraud case brought forth by the U.S. Securities and Exchange Commission (SEC) against Terraform Labs and Do Kwon. Terraform Labs is the…

    Article 2023年6月19日

  • Russian Government advises against cryptocurrencies as savings option

    TL;DR Breakdown Russian Finance Ministry advises against investing in cryptocurrencies as a savings option, citing high risk and lack of interest accrual. Russian government abandons plans for a national cryptocurrency exchange and focuses on regulating crypto trading platforms instead. Russia explores the use of digital assets for cross-border payments to overcome sanctions, with a draft law allowing DFAs and cryptocurrencies for cross-border payments by exporters. The country also plans to support interactions with other CBDCs through the digital rouble platform. Russian Ministry of Finance has cautioned citizens against using cryptocurrencies as savings. With the decline in interest for foreign fiat currencies due to imposed restrictions and Western sanctions, the official emphasized that high-risk assets like cryptocurrencies are unsuitable for most people’s savings and should primarily be considered by wealthier individuals. During the blockchain conference “Finance of the Future: Challenges and Opportunities,” Ivan Chebeskov, the head of the Financial Policy Department of the Russian Ministry of Finance, highlighted the risks associated with cryptocurrencies. He stated that even stablecoins pegged to traditional currencies are not ideal for savings as they do not…

    Article 2023年6月6日

  • World Mobile expands its each: Launches on Google Play in key markets

    TL;DR Breakdown World Mobile expands its reach by launching its app on Google Play for users in five key countries, aiming to bridge the connectivity divide in underserved regions. A new partnership with SingularityNET promises to revolutionize customer service on the World Mobile platform using AI and blockchain technologies. Description In a significant move to expand its global footprint, World Mobile, the decentralized wireless (DeWi) network operator, has announced the launch of its app on Google Play. This move comes as a boon for users in the United States, the United Kingdom, Australia, Canada, and Tanzania. The announcement, made on August 22, marks a pivotal … Read more In a significant move to expand its global footprint, World Mobile, the decentralized wireless (DeWi) network operator, has announced the launch of its app on Google Play. This move comes as a boon for users in the United States, the United Kingdom, Australia, Canada, and Tanzania. The announcement, made on August 22, marks a pivotal moment in the company’s journey to bridge the connectivity divide. Contents hide 1 Bridging the connectivity gap…

    Article 2023年8月23日
TOP