Ending Soon! Save 33% on All Access

Crypto.com Collaborates with Coca-Cola to Launch NFTs Celebrating the FIFA World Cup CRO token witnessed an uptick of 10 per cent. However, CRO remains approximately 50 per cent lower over the past month due to the FTX implosion

By Saptak Bardhan

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Wikimedia Common

Crypto.com on Monday announced its collaboration with Coca-Cola to launch a series of NFTs (non-fungible tokens) to celebrate the FIFA World Cup 2022 in Qatar. Following the news, Crypto.com's CRO token gained value.

CRO token witnessed an uptick of 10 per cent. However, CRO remains approximately 50 per cent lower over the past month due to the FTX implosion. The token has witnessed almost a 90 per cent decline year-on-year.

"This year's FIFA World Cup will be the first to leverage Web3 technology. It's a privilege to partner with Coca-Cola and GMUNK to memorialize these historical matches that will forever be captured on the blockchain. Together we are creating a completely new form of memorabilia," said Steven Kalifowitz, chief marketing officer, Crypto.com.

The crypto exchange would be hosting 10,000 NFTs created by Coca-Cola and digital artist GMUNK on its blockchain. The NFTs would be the heat-maps of the players playing during the World Cup matches. The NFTs would be available at Crypto.com's NFT platform account. The Coca-Cola's 'Piece of Magic' NFT would be available on Coca-Cola's fan website.

Saptak Bardhan

Former Trainee Writer

Former Trainee Writer
Business News

Elvis Presley's Granddaughter Fights Graceland Foreclosure, Calls Paperwork 'Forgeries'

The 13.8-acre estate was scheduled to be sold in a public foreclosure auction on Thursday. Presley's granddaughter and heir, Riley Keough, is fighting to save Graceland in court.

Business News

Target Is Lowering Prices on Thousands of Items — Here's Where You Can Expect to Save

The news was announced ahead of Target's Q1 2024 earnings call, expected to occur Wednesday at 10 a.m. EST.

Business News

Now that OpenAI's Superalignment Team Has Been Disbanded, Who's Preventing AI from Going Rogue?

We spoke to an AI expert who says safety and innovation are not separate things that must be balanced; they go hand in hand.

Franchise

Know The Franchise Ownership Costs Before You Leap

From initial investments to royalty fees to legal costs, take stock of these numbers before it's too late.

Cryptocurrency / Blockchain

The 50 Richest People in Crypto

The richest cryptocurrency holders.

Business News

Scarlett Johansson 'Shocked' That OpenAI Used a Voice 'So Eerily Similar' to Hers After Already Telling the Company 'No'

Johansson asked OpenAI how they created the AI voice that her "closest friends and news outlets could not tell the difference."