Team NX (Club Necaxa), one of Mexico's top soccer league "Liga MX" teams partnered with FRND to launch and NFT, auctioning a 1% stake in the team via an NFT (non-fungible token) auction with an opening bid of 1.3 million USD. This NFT granted equity ownership along with many other additional benefits, such as being permanent and transferable.
NFTs are digital assets with unique characteristics, representing ownership of items like art, music, or even legal documents. They are often built on the Ethereum network, and sales have reached billions of dollars to date.
Al Tylis, whom along with his group of investors, owns 50% of the club's shares, partnered with us to define major touchpoints for the NFT campaign, including 3D modeling, UI/UX design, and motion design.
