What is an NFT & how does it work?

NFT stands for Non-Fungible Token. A few weeks ago, Sporting News asked Mets pitcher Taijuan Walker, the first MLB player to release and sell an NFT — proceeds went to charity, btw — how he would describe an NFT. His answer: “The easiest way to explain this is like this: It’s digital art.

What are NFTS (non fungible tokens)?

NFTs, or non-fungible tokens, are digital assets representing real-world objects, like a piece of artwork, or music … or a baseball card. They're tied to a blockchain (MLB and Candy's NFTs will run on the Ethereum blockchain), and are essentially certified to be unique.

What is the first NFT from MLB & candy?

The first NFT from MLB and Candy is a 1-of-1 NFT of Gehrig's iconic "Luckiest Man" speech that the Yankees legend delivered on July 4, 1939, at Yankee Stadium, after being diagnosed with ALS. The Gehrig NFT will be released July 4th weekend, and proceeds from the sale will support ALS charities.

Does MLB make trading card NFTS?

MLB already produces trading card NFTs in partnership with Topps, but now with Candy there will be a wider range of baseball digital collectibles -- for example, memorabilia-style NFTs, or baseball card-style NFTs, or artwork-style NFTs portraying big moments on the field, or NFTs of highlight plays.