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Major League Baseball makes pitch in NFT market

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(NEW YORK) — Major League Baseball plans to expand its repertoire in the arena of nonfungible tokens this fall, partnering with a company to offer collectible digital elements, ESPN reports.

The partnership is reportedly the result of months of planning, and will be different from other sports-related NFTs. MLB does not plan to go the route of offering highlight-driven tokens, like the popular NBA Top Shot, but instead focus on “other collectible digital elements.”

The deal, announced on Tuesday, will link MLB with Candy Digital to create and sell NFTs, which have led to major speculative frenzies in both the sports

 

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