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High-profile athletes are spending huge amounts on NFTs: Here's why

Published 02/24/2022, 03:00 PM
Updated 02/24/2022, 04:40 PM

Athletes have been known to invest in a range of assets and businesses, but now they're also getting into cryptocurrency and blockchain.

Nonfungible tokens (NFTs) are a relatively new form of tokens that allows for the exchange, trade and ownership of unique digital assets. According to market data, worldwide NFT trading was worth around $40 billion in 2021, and now some professional athletes have joined the movement.

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