Taiwan’s First Non-Fungible Tokens (NFTs) Based on Basketball Player Unveiled September 8, 2021 September 8, 2021 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsSeptember 8, 2021 by Kelly Cromley

Taiwan’s First Non-Fungible Tokens (NFTs) Based on Basketball Player Unveiled

ACE Exchange, a prominent Taiwanese cryptocurrency exchange, has collaborated with the Hsinchu JKO Lioneers, a professional basketball club in Taiwan’s P.LEAGUE+ (PLG), to launch a wide assortment of non-fungible token (NFT) trading cardpack starring five of the club’s most famous players.

ACE Exchange, founded three years before by David Pan, ex-COO of KPMG Innovation and Startups, is one of Taiwan’s largest crypto marketplace with top of the notch digital security features.

It now holds the second position in Taiwan with respect to Bitcoin, Ethereum, and StableCoin trading activity. The Lioneers NFT cardpack, which stars Kuo Hao, Kao, Tian Hao, Wu Tai-Hao, Chieng Tli-Huan, and Hsiao Shun-Yi, contains 100 special edition cards and 1,000 regular cards.

The cardpack is currently accessible on the OpenSea.com NFT trading platform. An NFT is a cryptocurrency asset that utilizes blockchain technology to document the ownership history of a digital product, with every digital asset having distinct legitimacy that can be proven by just one holder.

All of the freshly revealed NFTs, handpicked by Hsinchu JKO Lioneers and ACE Exchange, are safely kept in a smart contract, with all transactions sealed and verifiable in a digital ledger, removing any chance of fraud.

This new initiative arrives as the appeal of NFTs continues to rise in 2021, with sales reaching an all-time high in the 2Q21. The greatest benefactors of the NFT growth are digital content producers who used to commercialize their creations on YouTube, Instagram, TikTok, and Spotify. The blockchain-encrypted NFTs ensure the originality of their creative works by prohibiting counterfeit, providing reassurance to both artists and collectors.

“Because of their variety, NFTs have arisen as a latest craze for worldwide investors. As per a PWCC MARKET study, the five-year dividend yield on NFT player cards purchased in 2015 is up to 221%, which is more than twice the 109% return rate on S&P 500 stock portfolio. I think Taiwan will be able to stay up with and leverage the positive trend of the NFT growth, with the Hsinchu JKO Lioneers serving as a forerunner in developing the PLG into a diversified basketball league in the foreseeable “, according to David Pan, the founder of ACE Exchange.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.