Market Musings

This NFT of a World-Famous Footballer Just Sold for $66,850

Published on:
December 7, 2020

The rare card featuring Paris Saint-Germain forward Kylian Mbappé was sold for this staggering sum.

This NFT of a World-Famous Footballer Just Sold for $66,850

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Non-fungible tokens are all the rage these days — and if you wanted any evidence of that, a blockchain-based trading card of a world-famous footballer has just sold for a whopping $66,850.


The rare card featuring Paris Saint-Germain forward Kylian Mbappé — the only one of its kind to exist on the Ethereum blockchain — was auctioned off on the Sorare website, attracting a bidding war. And the new owner isn’t messing about either, informing those who might be interested in buying Mbappé off him will have to part with a cool $150,000.


The flurry of excitement is reminiscent of the peak of the CryptoKitties craze, when digital cats were generating six-figure sums.


More than 100 soccer teams have now joined the Sorare platform, including some of the world’s best-known clubs. It comes as increasing numbers of mainstream brands begin to embrace NFTs, with the BBC preparing to launch a series of digital collectibles in homage to the beloved “Doctor Who” sci-fi series.


Why This News Matters

NFTs are an exciting application of blockchain technology, not least because they solve some of the biggest issues associated with the collectibles industry today.


These tokens — often following the ERC-721 standard — help to eliminate counterfeiting, achieve true scarcity, and allow people to prove their ownership on the blockchain. They can be used in immersive digital games, and provide a much-needed, 21st-century upgrade to a multibillion-dollar industry.


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