Bayern Munich Digital Collectibles Sold for Over 240 Ether (ETH)

Blockchain startup Stryking recently concluded its Christmas auction of Ethereum-based FC Bayern Munich non-fungible tokens (NFTs) which brought in over 240 ETH (approx. $31,100) in winning bids. This, according to a report by SludgeFeed, December 29, 2019.

A Christmas Auction Well Received

This year’s Christmas was particularly memorable for Stryking and crypto-curious Bayern Munich fans as the former’s auction of 48 limited edition playing cards for 24 of the club’s members managed to bag over 240 ETH in winning bids. Notably, all the digital collectibles were sold as bundles in English and Dutch style auctions.

The Stryking team stated:

“There are five rarity tiers for FC Bayern Munich player cards: Common, Uncommon, Rare, Epic and Legendary. The higher the tier, the rarer the card — with the scarcity and authenticity of each of these digital collectibles guaranteed thanks to blockchain technology.”

Per sources close to the matter, the Christmas Edition 2019 cards hold “legendary” status because of their perceived rarity in the market.

It’s also worth noting that some of the cards auctioned off were actually resold. A Robert Lewandowski card that fetched approximately 3.8 ETH at the beginning of the month was later sold for hefty 10 ETH.

For people interested in the auction, they can still participate in the second round which is currently ongoing. Another round featuring New Years-themed cards is scheduled for January 6, 2020, the report reads.

Digital Collectibles Gaining Traction

Stryking made news in October this year when it partnered with the German champions to create distributed ledger technology-based (DLT) digital collectibles. The startup said that its primary objective is to promote fan-engagement and monetization in the sports ecosystem for which it sees blockchain technology as a perfect match.

At the time, Dirk Weyel, CEO, Stryking Entertainment, said:

“In the coming weeks and months, we will add more football licenses and other sports to the platform. Our vision is to build a truly global hub where sports fans meet to collect and trade as well as play with their digital collectibles.”

In fact, the digital collectibles space has also caught the eye of major financial institutions like Winklevoss brother’s Gemini exchange which announced in November that it had acquired crypto-collectibles startup Nifty Gateway.

Beyond the football pitch, earlier this year basketball caught blockchain fever when the NBA had joined forces with Dapper Labs to launch its own digital collectibles.