Ahead of WrestleMania 37,
World Wrestling Entertainment Inc (NYSE:WWE) has announced the launch of its first NFTs. The NFTs center around one of their most iconic wrestlers and come with some exclusive perks.
What Happened: World Wrestling Entertainment will launch four non-fungible tokens in tiers beginning Saturday at 10:30 a.m. ET. All four of the NFTs will feature the iconic wrestler The Undertaker.
Why It’s Important: World Wrestling Entertainment owns its content and could quickly become an NFT play if this first launch is successful.
The NBA partnered with Dapper Labs to create NBA Top Shot, which features NFTs sold in packs that can be bought and sold on a marketplace. WWE could launch a similar platform or choose to do drops around their events to drive traffic and interest.
WWE to Drop Mark William s NFTs This Weekend Ahead of WrestleMania coinspeaker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coinspeaker.com Daily Mail and Mail on Sunday newspapers.
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World Wrestling Entertainment, Inc. (NYSE: WWE) fans and investors are gearing up for WrestleMania 37 this weekend, the company’s largest live event of the year. This year’s WrestleMania will be a two-night event held at Raymond James Stadium in Tampa, Florida.
It will also make history as the first WrestleMania event to be streamed exclusively via the WWE Network on the
Comcast (NASDAQ: CMCSA) Peacock streaming service. It will also be the first event at which WWE will have ticketed fans in attendance since the beginning of the COVID-19 pandemic.
WWE investors had a rough 2020, and the stock is still down 11.8% from where it was at the beginning of last year. Investors are hoping that a big WrestleMania weekend could provide a shot in the arm for the company’s second-quarter numbers.
Wale has never been bashful when it comes to his love for WWE. The Grammy-nominated rapper is teaming up with Footlocker to celebrate and magnify his fandom of the World Wrestling Entertainment, Inc. The capsule is presented through the “Be The Fan You Are” platform, which celebrates the many passions of WWE fans while merging music, sports, entertainment and sneakers culture. Those passions align perfectly with the DMV representative.
“The love and attachment Wale has for all three defines him as a true fan and we are excited to bring this experience to our consumer,” said John Hochadel, VP Commercial Concepts at Foot Locker, Inc. North America.
The SPAC Deal: Topps, an 80-year-old trading card company, announced Tuesday a merger with
Mudrick Capital Acquisition Corporation II (NASDAQ:MUDS).
Michael Eisner serves as the Chairman of Topps and will stay in his current role and maintain his ownership stake in the new company. Eisner is the former CEO of the
Walt Disney Co (NYSE:DIS).
Current shareholders of Mudrick Capital Acquisition Corporation II will own 28% of the company after the merger. Shares will trade as TOPP on the Nasdaq.
About Topps: Best known for its trading cards, Topps is one of the oldest brands in the industry.
Topps has licensing partnerships with Major League Baseball, the National Hockey League, several soccer leagues, Formula One,