Tom Brady just launched NFT company — and Apple's Eddy Cue is on board

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Tom Brady just launched NFT company — and Apple tree's Eddy Cue is on board

(Image credit: Photo past Mike Ehrmann/Getty Images)

Tom Brady is jumping on the NFT bandwagon in a big manner, as he is launching an NFT company called Autograph. Launching this jump, Autograph volition be developing digital collectibles in various categories, including sports, entertainment and fashion.

Tom Brady and Shorthand CEO Dillon Rosenblatt will serve as co-chairs of this new NFT company. And, according to CNN, the advisory team includes Apple tree SVP Eddy Cue, Lionsgate CEO Jon Feltheimer, the DraftKings co-founders and other heavy hitters.

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In case you lot're not up on NFTs yet, it stands for non-fungible tokens. NFTs are cryptographic assets — substantially pieces of digital content — linked to blockchain, the same ledger system used for cryptocurrencies like Bitcoin. However, while Bitcoin can be traded and are essentially identical, NFTs are unique and can be verified as such with identification codes and metadata.

"Shorthand volition join some of the world's most iconic names and brands with best in course digital artists to ideate, create and launch NFTs and ground-breaking experiences to a customs of fans and collectors," said Dillon Rosenblatt, co-founder and CEO of Autograph.

Shorthand says it will offer live auctions, physical product drops and in-person experiences.

Co-ordinate to data just released by TradingPlatforms.com, NFTs have experienced a compound almanac growth rate of 187% from 2018 to 2020, and the total revenue from NFT transactions in 2020 was $55 million.

This year NFTs have really heated up. On March 16 a digital artwork NFT sold for $69 one thousand thousand at Christies Auction House. And the Jack Dorsey auctioned the first-ever tweet by himself for $iii million.

There are signs that NFTs values are waning a bit. According to NonFungible.com and as reported past CNN, prices for NFTs accept fallen past seventy% since February. The boilerplate price on April 5 was $ane,256, compared to $4,000 in tardily February.

Nevertheless, the NFT tendency will probable continue — and it just got a large boost past the biggest proper noun in sports.

And a 12-twelvemonth-old has fifty-fifty got in on the NFT activity, becoming a multi-millionaire through their utilise.

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Marker Spoonauer is the global editor in master of Tom's Guide and has covered technology for near twenty years. In addition to overseeing the direction of Tom's Guide, Marking specializes in roofing all things mobile, having reviewed dozens of smartphones and other gadgets. He has spoken at key industry events and appears regularly on TV to discuss the latest trends. Marker was previously editor in chief of Laptop Mag, and his work has appeared in Wired, Popular Scientific discipline and Inc. Follow him on Twitter at @mspoonauer.

Source: https://www.tomsguide.com/news/tom-brady-just-launched-nft-company-and-apples-eddy-cue-is-on-board

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