Dynamo Kyiv to Sell NFT on Binance

In another pioneering moment for the non-fungible token (NFT) space, leading Ukrainian football team, Dynamo Kyiv, has announced its decision to launch NFT tickets for its next season campaign.

Dynamo Kyiv disclosed this through an official statement, noting that it is going to unveil NFT tickets for the 2021 season and offer fans unique collectible items via collaboration with U.S.-based blockchain firm, Moonwalk.

The Ukraine footballing giant revealed that the NFT tickets would be sold exclusively on the soon-to-launch Binance NFT Marketplace. Complementing this, Moonwalk will oversee the integration of the NFTs into physical and virtual event ticket sales, e-commerce, consumer reward schemes, and payment networks.

Mark Ginzburg, Dynamo Kyiv Vice President, in a statement explained that the team tokenization move wasn’t a case of following an opportunistic hype. Instead, Ginzburg explain that is a well-calculated strategy that aims to make Dynamo Kyiv the best club in Ukraine. Additionally aiming to become the greatest technological leader of football in Europe within the next two years.

“We will always strive to provide Dynamo fans with the most up-to-date and efficient services and tools and work only with recognized industry leaders,” he added.

Dynamo Kyiv Becomes First Football Club to Sell NFT Tickets

Dynamo NFT move makes the football team the first sports club to sell NFTs as tickets and collectibles globally. They will also join the 100 Creators Campaign, which would commemorate the launch of the Binance NFT marketplace.

Scheduled to launch in June 2021 officially, the football club hopes that over 25% of its future tickets for home games will be sold as NFTs. However, it did not disclose the duration within which it aims to accomplish this.

Gleb Kostarev, Binance Director for Eastern Europe, while expressing his delight with the collaboration, noted that the new initiative would increase its fanbase in Ukraine. As well as the club’s relevance in Europe.

“We firmly believe that NFT tickets will soon become a familiar thing for football fans. And the Binance NFT marketplace will be one of the leading platforms for functional NFTs,” he added.

About Binance NFT Marketplace

Binance earlier disclosed that it is going to launch an NFT marketplace in June. The marketplace would allow users to create, buy, and sell collectibles in visual arts, music, games, sports, and more.

The soon-to-launch marketplace is intended to operate in two markets. One will be a premium venue tagged “Premium Event” for top auctions and exhibitions. The other will be a standard trading venue tagged “Trading Market” that enables every user mint new tokens.

Notably, the Binance NFT marketplace will run on the Binance Smart Chain (BSC) and be supported by the Ethereum network.

BNB Price

As of the time of publication, Binance Coin’s price was $318.22 with a 24-hour trading volume of $8,988,056,784 and a market cap of $49,193,523,781. BNB price also rose by 2% over the last 24 hours. The token currently has a circulating supply of 154.5 million BNB coins and also a max supply of 170.5 million.

Additionally, the NFT market cap currently sits at $15.7 billion with a 24 hours trading volume of $2.3 billion.

Join us on Telegram to receive free trading signals.

For more cryptocurrency news, check out the Altcoin Buzz YouTube channel.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.