[jwplayer E1DOEyuS]
Take flight with us as we launch our 1st ever NFT as a team, created by the man himself, Tinker Hatfield. Stay tuned. https://t.co/trLbuapLPW #DUCKSOFAFEATHER #DIVISIONSTREET #FLYINGFORMATIONS #NFT pic.twitter.com/9BGivxJjap
— Marcus Harper II (@Marcus2_H) February 16, 2022
If you are tuned into the Oregon Ducks football social media world, you might have noticed something taking place on Wednesday morning. A bunch of the players tweeted out a video promoting a new venture that is designed to help the athletes in a new NIL venture, spearheaded by Nike legend Tinker Hatfield.
The new venture is an Oregon NFT, or non-fungible token, called ‘Flying Formations.’ It will include the sale of 120 ‘unique Duck head’ NFTs, and one shoe design, all created by Hatfield himself. According to the website, each NFT sold will come with a physical pair of special edition Air Max 1 UO sneakers.
There will be a live auction held for the digital artwork on February 20th at 10 a.m. PT on Ducksofafeather.xyz.
According to the website, the ‘Flying Formations’ will be sold to benefit the football team directly, and two-thirds of the revenue will be shared equally among players. According to the website, the sale will go according to a ‘Dutch Auction,’ where the price starts high and decreases gradually over time. At the start of the auction, the NFTs will be listed for 12.5 Ethereum, and gradually decrease to the reserve price of 1 Ethereum.
For those who are not currently in tune with the cryptocurrency world, 1 Ethereum coin is currently valued at $3,084 according to Robinhood (value taken at 9:30 a.m. PT).
This NFT venture is a part of ‘Division Street’ which is a company created by the U of O in order to help student-athletes create and monetize their personal brands.
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