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English FA announces plans for an NFT platform

The Football Association (FA) says its NFTs depends on the Three Lions and Lionesses teams.

Englands national football governing body, the FA (Football Association) has announced plans to launch a non-fungible token (NFT) platform. The England soccer governance body happens to be seeking a potential mate to greatly help realise the NFT goal, in accordance with detailsposted on its website.

The RFP and the tender process is section of an extended term NFT strategy set to spotlight fan engagement, the FA added in the release.

We’ve today launched a Obtain Proposal [RFP] tender process to appoint somebody to create a long-term Non-Fungible Token [NFT] based platform, centered on the England Senior Mens and Womens teams, the FA wrote in the news release.

Fan engagement and new revenue stream

Based on the FA, experiencing the blockchain-based technology will offer you fans new methods to build relationships the national teams. NFTs may also permit the organisation to leverage new revenue streams, with the income flowing back to the overall game.

Navin Singh, FA Commercial Director, added in a comment:

NFTs present a distinctive and innovative possibility to build relationships our fans through the imagery of The FA and the England Senior Mens and Womens teams. Any revenue generated will undoubtedly be for the advantage of the overall game, whilst importantly offering flexibility for fans expressing their fandom in this new exciting medium.

The FA has released key Intellectual Property [IP] because of its use within the RFP effort, including names of current national team players, match footage, and the Three Lions and Lionesses logos among other imagery.

The FAs plans come a couple of months following the UK government signaled it could be minting its NFT, with this particular viewed as one step towards enhancing the countrys position as a leader in the crypto space.

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