NFTs have become quite a force in recent months, and the hype is only getting started. With over $2 billion in sales volume within the first half of this year, there is arguably is a huge market for these special digital items. A non-fungible token (NFT) is a crypto asset that is designed to represent a real-world item like arts, music, books, etc.
The Manny Pacquiao vs. Yordenis Ugas NFT sale and auction is the right step in the right direction. Supporting the sale and auction is the PowerFan NFT marketplace.
Overview of the PowerFan Project
PowerFan is a 4-in-1 platform in the sense that it serves as an NFT minting platform, a DeFi staking platform, a library of valuable content, and a royalty routing system. The vision of PowerFan is to ensure authors, creators, and fans are empowered to connect and conduct commerce in a more valuable and meaningful way. In the last 18 months, the founding team of PoweFan has raised over $500,000 in funding for the project.
On the platform, all books authors publish will be eternally stored in the blockchain. Also, fans of authors can get to invest in the future returns on Royalties of their authors’ books even before the books are launched. PowerFan is also designed to enable authors and creators to track the return on investment (ROI) ranking of their NFTs. The fans can also interact with their favorite authors as well as content creators by helping to share their content.
PowerFan also has a utility token known as the PFAN token. By staking PFAN tokens, users can “earn while they learn” and get paid interest to consume content .
Details of Manny Pacquiao vs.Yordenis Ugas NFT Auction and Sale
The sale and auction are to commemorate the fight between Manny Pacquiao and Yordenis Ugas holding on August 21, 2021, in Las Vegas. It will begin on August 19 and end on August 21, 2021. The winner will receive the physical painting, behind-the-scenes video, personal thank you message from the artist, and exclusive access to future NFTs. All proceeds from the auction and sale of these NFTs will be used to support the Manny Pacquiao Foundation.
There will also be four additional paintings that will be sold in the course of this event. The NFTs will be available in limited quantities to ensure their immediate purchase. It also comes with special bonuses for buyers. The four additional NFT art sales include the following:
Manny Pacquiao NFT Series
This series comes with a limited quantity of 10 NFTs going for $2500 each. It includes the custom print of the painting, a personalized video from the artist, and VIP early access to subsequent NFT launches in the future. The proceeds will also go to the Manny Pacquiao Foundation.
The Harada NFT Series
It includes 15 limited numbers of NFTs at $850 for each of them. Every Fighting Harada NFT comes with a custom print of the painting as well as behind-the-scenes videos by the artist. Buyers will also enjoy VIP early access to future NFT launches.
Eder Jofre NFT Series
This series contains 20 limited NFTs at $500 per one. Each of these NFTs comes with a high-resolution image of the painting with a behind-the-scenes video from the artist and VIP early access to subsequent NFT launches in the future.
Ceferino Garcia NFT Series
Regarded as the most victorious Filipino boxer of all time, the Garcia Series contains a limited number of 25 NFTs at $250 each. Each of these NFTs includes a high-resolution image of the painting and a behind-the-scenes video from the artist. The buyer will also have VIP early access to future NFT launches.