{"id":2294,"date":"2023-01-03T16:38:14","date_gmt":"2023-01-03T16:38:14","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2023\/01\/03\/mumbai-indians-become-the-1st-ever-ipl-team-to-use-nfts\/"},"modified":"2023-01-03T16:38:14","modified_gmt":"2023-01-03T16:38:14","slug":"mumbai-indians-become-the-1st-ever-ipl-team-to-use-nfts","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2023\/01\/03\/mumbai-indians-become-the-1st-ever-ipl-team-to-use-nfts\/","title":{"rendered":"Mumbai Indians Become The 1st Ever IPL Team To Use NFTs"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span style=\"font-weight: 400;\">Franchisee cricket team, Mumbai Indians is all set to become the first IPL team to issue <\/span><a href=\"https:\/\/nftevening.com\/nft-non-fungible-token-guide\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">NFTs<\/span><\/a><span style=\"font-weight: 400;\">. Indiawin Sports Private Limited (ISPL), the parent company of the team, has floated a request for proposal (RFP) to develop its IPs as NFTs. Oil-to-telecom conglomerate, Reliance Industries Limited (RIL) owns ISPL. Let\u2019s take a closer look at what Mumbai Indians\u2019 latest announcement is all about.<\/span><\/p>\n<figure id=\"attachment_89027\" aria-describedby=\"caption-attachment-89027\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-89027\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/01\/Mumbai.webp\" alt=\"Mumbai Indians IPL players celebrating\" width=\"1024\" height=\"576\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/01\/Mumbai.webp 1024w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/01\/Mumbai-300x169.webp 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/01\/Mumbai-768x432.webp 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/01\/Mumbai-100x56.webp 100w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/01\/Mumbai-150x84.webp 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/01\/Mumbai-450x253.webp 450w\" sizes=\"(max-width: 1024px) 100vw, 1024px\"\/><\/noscript><figcaption id=\"caption-attachment-89027\" class=\"wp-caption-text\">Mumbai Indians is the first IPL team to use NFTs. Credit: Mumbai Indians<\/figcaption><\/figure>\n<h2><span id=\"Mumbai_Indians_to_use_NFTs_What_we_know_so_far\"><b>Mumbai Indians to use NFTs: What we know so far<\/b><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">According to a <\/span><a href=\"https:\/\/www.mumbaiindians.com\/news\/rfp-to-nft-platforms\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">statement<\/span><\/a><span style=\"font-weight: 400;\"> by Mumbai Indians, anyone can avail the RFP by paying a non-refundable fee of INR 1 Lakh (around USD 1,207). Those interested will have till January 17 to make the purchase. Further terms and conditions, including eligibility requirements, the process for bid submissions, rights, and more will be included in the RFP.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cISPL invites proposals from Global and Indian entities to create and launch the NFTs based on its existing IPs and leverage Mumbai Indians\u2019 global brand value,\u201d the statement reads.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While anyone can buy the RFP, only those who meet the eligibility requirements can make bids. After buying the RFP, buyers have to mail Mumbai Indians to confirm payment details.\u00a0<\/span><\/p>\n<h2><span id=\"Why_is_this_important\"><b>Why is this important?<\/b><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Having won five IPL titles, Mumbai Indians is one of the most successful teams in the Indian Premier League (IPL). Reportedly, it is also one of the most valuable franchises. In addition, it boasts a 50 million fanbase across its social media channels. Issuing NFTs will likely give Mumbai Indians new opportunities to connect with fans.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To be sure, India has been quick to embrace NFTs. From <\/span><a href=\"https:\/\/nftevening.com\/indian-chef-vikas-khanna-to-launch-nft-of-his-book\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">chefs<\/span><\/a><span style=\"font-weight: 400;\"> to iconic <\/span><a href=\"https:\/\/nftevening.com\/indian-music-composer-ilaiyaraaja-to-drop-nfts-on-june-2-on-wishworld\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">music composers<\/span><\/a><span style=\"font-weight: 400;\">, actors, and a host of <\/span><a href=\"https:\/\/nftevening.com\/female-cricketer-jhulan-goswami-kicks-off-her-nft-career-with-auction\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">sports icons<\/span><\/a><span style=\"font-weight: 400;\">, many from the country have dropped NFTs.\u00a0<\/span><\/p>\n<div class=\"bottom-text__subscribe\">\n<div id=\"mlb2-5802138\" class=\"ml-form-embedContainer ml-subscribe-form ml-subscribe-form-5802138\">\n<div class=\"ml-form-align-center\">\n<div class=\"ml-form-embedWrapper embedForm\">\n<div class=\"ml-form-embedBody ml-form-embedBodyHorizontal row-form\">\n<div class=\"ml-form-embedContent\" style=\"\">\n<h4><span id=\"Join_Our_New_To_The_Moon_daily_Newsletter\">Join Our New &#8220;To The Moon&#8221; daily Newsletter<\/span><\/h4>\n<p>Get our free, 5 minutes daily newsletter. Join 25,000+ NFT enthusiasts &amp; stay on top \ud83d\udc4a\ud83c\udf1a<\/p>\n<\/div>\n<\/div>\n<div class=\"ml-form-successBody row-success\" style=\"display:none\">\n<div class=\"ml-form-successContent\">\n<h4><span id=\"Thank_you\">Thank you!<\/span><\/h4>\n<p>You have successfully joined our subscriber list.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><img loading=\"lazy\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" width=\"1\" height=\"1\" style=\"max-width:1px;max-height:1px;visibility:hidden;padding:0;margin:0;display:block\" alt=\".\" border=\"0\" data-lazy-src=\"https:\/\/track.mailerlite.com\/webforms\/o\/5802138\/c5t4g8?v1668587371\"\/><noscript><img loading=\"lazy\" src=\"https:\/\/track.mailerlite.com\/webforms\/o\/5802138\/c5t4g8?v1668587371\" width=\"1\" height=\"1\" style=\"max-width:1px;max-height:1px;visibility:hidden;padding:0;margin:0;display:block\" alt=\".\" border=\"0\"\/><\/noscript><\/p>\n<div class=\"bottom-text__wrapper post-content\">\n<p>\u00a0<\/p>\n<hr\/>\n<p><em>All investment\/financial opinions expressed by NFTevening.com are not recommendations.<\/em><\/p>\n<p><em>This article is educational material.<\/em><\/p>\n<p><em>As always, make your own research prior to making any kind of investment.<\/em><\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/nftevening.com\/mumbai-indians-become-the-1st-ever-ipl-team-to-use-nfts\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Franchisee cricket team, Mumbai Indians is all set to become the first IPL team to issue NFTs. Indiawin Sports Private Limited (ISPL), the parent company of the team, has floated a request for proposal (RFP) to develop its IPs as NFTs. Oil-to-telecom conglomerate, Reliance Industries Limited (RIL) owns ISPL. Let\u2019s take a closer look at [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2295,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/01\/Mumbai.webp","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/2294"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=2294"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/2294\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/2295"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=2294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=2294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=2294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}