Australian Open Becomes the First Tennis Tournament to Launch NFTs And Metaverse

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Australian Open Becomes the First Tennis Tournament to Launch NFTs And Metaverse
Australian Open Becomes the First Tennis Tournament to Launch NFTs And Metaverse

The acceptance rates for crypto continue to rise and NFT seems to be causing the massive adoption. The organizer of the Australian Open, one of the largest grand slams in the world, has taken a step into the world of cryptocurrency.

World Top Tennis Tournament To Launch NFTs And Metaverse

According to a press release Gizmodo reported on January 7, the Australian Open will be the first tennis tournament ever to include a non-fungible token (NFT) and kick off its metaverse. Australian Open tournament director Craig Terry stated that with the next wave of technology, tennis fans around the world will have the opportunity to compete in the 2022 Australian Open in unprecedented ways.

Initially, this collection called “Art Ball NFT” will open 6,776 NFTs. “Art Ball NFT” will be cast on January 13th and linked to live games. The competition starts on January 17th.

These ornate balls are attached to the parcels on the surface of the tennis court. If one of the 11 championship points falls on a property, the NFT owner of the property can claim and receive the tennis championship point from the game and comes with a special handcrafted box. NFT owners who have won more than 400 AO games will also receive airdrops. The airdrop includes virtual wearable devices, major movies, and Australian Open merchandise.

The project also includes 169 NFTs from the AO artist series of local and international artists.

Australian Open Metaverse

The Australian Open is also preparing for the “AO Decentraland” yuan festival. This will be a 3D virtual reality platform that will allow fans to explore the Australian Open.

The AO Metaverse is built on Decentraland. With the competition starting on January 17th, fans can virtually join the AO Decentraland global party.

Australian Open Tournament Director Craig Terry mentioned that the Metaverse wave will enable tennis enthusiasts around the world to compete in the 2022 Australian Open in unprecedented ways.