What are Cricket NFTs and what is Rario?
What are Cricket NFTs and what is Rario?
Non-Fungible Tokens (NFT) is one of the newest entrants in the world of investments and it has taken cricket by storm. Rario is a digital collectible platform launched for cricket fans to own some of the top moments in cricket in the form of NFT. These NFTs range from player cards, video moments to cricket artifacts. Rario also provides a platform for fans to trade their NFTs through the Rario marketplace on its website.
Before going into detail into what Rario offers, let us know what exactly NFT is
Non-Fungible Tokens are digital data units stored on a blockchain ledger. Every single NFT acts as an authentication certificate that proves that the said asset is unique and it also gives sole ownership to the person that owns it. The underlying technology, blockchain, allows anyone to verify the ownership and authenticity of the NFT. Generally, most digital items can be reproduced, but not NFT which has a unique digital signature and is, therefore, one of a kind.
What does Rario offer in Cricket NFTs?
Rario is the world’s first officially licensed cricket NFT Platform which provides the fans with an exciting opportunity to savor certain moments in cricket. A lot of star cricketers, former and current, have already launched their own NFT collection. As far as Rario is concerned, the platform has joined hands with the likes of Zaheer Khan, Faf du Plessis, Smriti Mandhana, Shakib Al Hasan and Shafali Verma.
Rario has also partnered with different cricket leagues around the world like Legends League Cricket, Caribbean Premier League, Abu Dhabi T10 and Lanka Premier League.
Through Rario, fans can own digital cricket collectibles of Rario partner cricketers and own some of the most sensational moments which took place in the different cricket leagues around the globe. For example, if you want to own the moment of Andre Russell smashing a huge six in CPL, you can search for it on the Rario Marketplace and purchase it or you can buy a collection of Andre Russell’s sixes in CPL as a pack.
What are Packs and Drops in Rario?
Rario offers different kinds of packs which are a collection of certain different moments based on a theme. For example, Rario offers a pack from Abu Dhabi T10 tournament which consists of certain moments like a match-winning six, a good catch and a brilliant delivery from a bowler. Fans can buy that pack for a said amount and rip these packs open to reveal the cards that they have collected.
The aforementioned packs go live on Rario on pre-specified dates called Drops and fans are notified about these ‘Drops’ through e-mail and on social media platforms. The interested ones are allowed to reserve their spot and wait in queue for the particular pack before it goes live. Once the pack is live, the fans who reserved their spot get the first access or opportunity to purchase it.
What are Cards in Rario?
Rario has divided its cards into four tiers, based on how special the moment is, which decides its rarity and circulation. The tiers in ascending order of rarity are Silver, Gold, Black and Unique. The more rare the card is, the higher price it is likely to sell for. Fans can go to the Rario Marketplace and search for the digital collectibles they are willing to trade.
What are Serial Numbers in Rario?
Serial Numbers indicate the number of times a card has been circulated or how many times a moment has been minted. The lower the serial number of the card, the more rare the moment is and hence, more valuable. For example, MS Dhoni’s world cup-winning six will be high in demand and if you grab an early SN of that moment, the more valuable purchase it will be for you since the price of the NFT will traditionally increase.
Rario provides cricket fans with a unique opportunity to be a part of the fandom and use their knowledge of the sport to invest in memorable sporting moments, build their collectibles and trade.