A report by Reuters revealed that the Non-fungible token (NFT) market sales volume grew to $2.5 billion within the first 6 months of 2021. This is a huge milestone in the NFT market when you consider that the sales volume was $13.7 million in the first half of 2020. A non-fungible token (NFT) is a crypto asset that represents an intangible digital commodity or item as the case may be.
With the surging NFT market growth, so many projects are rising to leverage the growing market. One of these projects is PowerFan. Recently, the platform is helping to support the Manny Pacquiao vs. Yordenis Ugas NFT sale and auction starting a few days from today.
The Manny Pacquiao vs. Yordenis Ugas NFT sale & Auction
The sale and auction will start from the 19th and run through August 21, 2021. This is to commemorate the fight happening between Manny Pacquiao and Yordenis Ugas on August 21 in Las Vegas. The NFT sale and auction will end at exactly 6:00 pm PST, once bidding is closed and the winner has been announced. Anyone who wins the auction will receive physical paintings, behind-the-scenes videos, personal thanks from the artist, and exclusive access to future NFTs.
Proceeds from the NFT sale and auction will be used to support the Pacquiao Foundation. There will also be 4 additional paintings that will be sold as NFTs during the course of this event. The NFTs will be made available in limited quantities to ensure immediate purchase, and there will also be special bonuses. For the main auction, the artist involved will create new paintings, which will be unveiled before the fight.
Additional NFTs Available For Sale And Auction
Manny Pacquiao NFT Series
This series contains a limited quantity of 10 NFTs that are available for $2,500 each. They come with a custom print of the painting, a personalized video from the artist Jun Aquino, and VIP early access to future NFT launches. All proceeds from this auction will go to the Manny Pacquiao Foundation.
Fighting Harada NFT Series
For this series, there are available 15 NFTs going for $850 a piece. Each of these Fighting Harada NFTs will include a custom print of painting and a behind-the-scenes video done by Jun Aquino. Buyers will also be granted early VIP access to future NFT launches.
Eder Jofre NFT Series
Often referred to as the Golden Bantam, Eder is one of the greatest punchers of all time. For the Eder series, there will be 20 NFTs available at $500 per piece. It will come with all the bonuses for the other series and also a high-resolution image of the painting.
Ceferino Garcia NFT Series
Garcia is regarded as the most victorious Filipino boxer of all time. His series contains 25 NFTs going for $250 a piece. The perks for buyers include a high-resolution image of the painting and other aforementioned bonuses.
Overview of the PowerFan Project
PowerFan is described as an NFT minting platform designed to help authors and content creators create and sell exclusive content directly to their audience and fans on its whitepaper. It also serves as a DeFi staking platform, a library of valuable content, and a royalty routing system. The project’s vision is to empower authors, content creators, and fans to connect and conduct transactions in valuable and meaningful ways.
Aside from offering a simple means for authors to create exclusive NFTs to offer their readers, audience, and fans, PowerFan also ensures that creators can track the return on investment (ROI) ranking of their NFTs. The platform has also begun planning for its PFAN token to be listed on major exchanges before the end of 2021. PowerFan has successfully raised over half a million dollars in seed rounds of early token purchases. It also has enough funding to develop its core products. For more information about the PowerFan Project, kindly visit the whitepaper.
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