In this episode, Jon Alvarado & Brendan McShane of Deal Box Inc. are joined by Taylor Wallace of Total Network Services to discuss Tom Brady’s NFT platform, digital race horses, and key updates in the world of blockchain and digital assets.
Brady’s NFT platform signed Tiger Woods, Wayne Gretzky, Deter Jeter, Naomi Osaka, and Tony Hawk. The NFTs will be sold on DraftKings digital marketplace. Autograph is slated to launch later this summer. Sports stars are going to be selling memorabilia meanwhile artists and musicians are already selling digital files so they have had more initial success with NFTs.
Zed Racing sells NFT horses that can be raced against each other online. This opens up an opportunity to those that enjoy horse racing but may not be able to afford to own their own horse. Zed has sold $30 million worth of NFT horses so far.
A few companies raised a large chunk of the Q2 money raised in the crypto space. FTX raised $900 million, Circle raised $440 million, Ledger raised $380 million, and Paxos raised $300 million. This is uplifting news for those that are down from the crypto market almost halving from it’s all time high.
Steve Job’s application was sold for $224,750 in a previous auction in London earlier this year. This auction is testing how consumers value a physical collectible versus its digital counterpart. The NFT and physical copy should be put together as a means of validation.
About Deal Box:
Deal Box is frictionless, intelligent venture investing for the digital age. A specialty consulting firm focused on capital markets strategy, Deal Box utilizes both traditional and digital securities to enhance capital formation for early ventures and growth-stage companies. Through an industry leading Investment Packaging diligence process, Deal Box digitizes highly-vetted securities in private companies to redefine the ownership experience for retail and professional investors.
Founded in 2016, Deal Box was created to democratize venture capital. Through an institutional level approach to capital formation and best-in-class technology, Deal Box has packaged hundreds of early-to-mid stage companies, generating millions in both direct and syndicated over the last four years.