Reports said that the University of Michigan will be the first university to showcase a nonfungible token (NFT) gallery. The University teamed up with Graduate Ann Arbor and MORE Management to present a sports-inspired NFT gallery that launched on October 11.
It has been reported that the University of Michigan, Graduate Anne Arbor, and MORE Management have launched “Victors NFT,” the NFT gallery is a display of NFTs across six digital screens. These screens will feature BAYC and art created by athletes from the University of Michigan. Current Michigan sports stars Zak Zinter, Cade McNamara, and Mazi Smith are some of the athletes who participated in the project.
However, legendary football quarterback Tom Brady is also a supporter. The exhibition is located at the Graduate Anne Arbor lobby. Additionally, the website ‘Bored on Campus’ will launch alongside the exhibition. Through this website, students can purchase merchandise inspired by this NFT project.
The report said that this University of Michigan-approved NFT gallery will allow student-athletes the opportunity to generate income from these NFTs. Undoubtedly, this will further support their studies and career.
Jason Nelson, the General Manager of Graduate Ann Arbor, said:
“The University of Michigan football programme is beloved by the Ann Arbor community, and we are excited to offer a new avenue for fans to engage with and support its players, both past and present.”
Thus, the NCAA has released a set of rules that allows college athletes to use their NIL for commercial ventures like NFTs. In fact, the University of Michigan’s Cade McNamara recently signed an NFT and crypto-related deal with MORE Management. Undoubtedly, college athletes will make use of the NCAA's latest change in regulation to profit off their NIL via NFTs.
Source: NFT Evening