Here’s How Floyd Mayweather’s ‘World’s First NFT Sporting Event’ Works

Floyd Mayweather is one of the greatest boxers of all time. On top of being undefeated, he’s also worth a lot of money. One way Mayweather hopes to continue growing his bank account is by buying into the NFT fad, which many other celebrities and athletes have gotten in on, too.

According to Bad Left Hook, the event was originally scheduled for May 14 in Dubai on the helipad of a hotel roof. Furthermore, not only was Mayweather going to fight another legitimate boxer in an exhibition match, but the rest of the card was also stacked.

Mayweather was supposed to fight Don Moore, a boxer with a record of 18-0-1, though Moore hasn’t fought since 2016. 

The rest of the card featured fighters like UFC all-time great Anderson Silva, who was supposed to fight Bruno Machado, as well as Badou Jack, a decently-ranked boxer who was going to face Hany Atiyo.

Unfortunately for Mayweather and the rest of the card, the event experienced unforeseen news. UAE President Sheikh Khalifa bin Zayed Al Nahyan died on May 13.

As a result of his death, the UAE announced a three-day suspension of work, which meant the event couldn’t take place as planned. Mayweather’s NFT event was rescheduled for May 21.

The way the event will work as far as NFTs and crypto is concerned is pretty simple. Just like with any other PPV event, fans and curious folks can buy access to watch the event live. 

In this case, people will buy an NFT ticket, which will give them access to the PPV event live.

On top of that, by having an NFT ticket, people get access to exclusive items. They include, according to CryptoSlate, “limited edition 3D collectibles, unique video material, and official media files.” Other things, such as, “future access, incentives, and awards” may be offered as well, and their values may increase after purchase.