Entrepreneur Gary Vaynerchuk's V Friends NFT collection has generated $93 million in sales and is valued over $500 million. Vaynerchuk has made an estimated $10-$30 million from the project and continues to be a prominent figure in the crypto industry.
A new wave of crypto-sports teams is making waves in the industry, using NFTs and social tokens to enhance the fan experience and reinvent the business model of traditional sports franchises.
The NBA has entered the NFT, or non-fungible token, space with the release of NBA Top Shot, a platform for selling digital collectibles featuring NBA highlights and moments.
LaMelo Ball has minted his own card and has negotiated to own a certain percentage of it through Ether Cards, allowing him to profit from its resale.
After making around 600 million dollars by investing in a startup, an early investor put most of his money into Apple and Wells Fargo, which he believed could revolutionize the game, and has since sold the startup for billions.