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The PGA Golf Tour NFT collection will have real prizes

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The PGA Golf Tour is entering the NFT space in a move that will open up additional revenue streams for players.

This innovative move comes as Metaverse expands and explores how numerous sports leagues and organizations have to join the space. PGA Tour is finalizing multiple agreements to make this initiative possible.

PGA is finalizing multiple agreements to enter NFT space, including a partnership with Sorare and Autograph.

The PGA Tour is entering NFT space with Sorare and autographs

Golf.com initially announced the Golf NFT news. Golfers were first made aware of the NFT initiative in December, and have been preparing for the tour ever since.

Significantly, players need to ‘opt in’ to get the most out of the new NFT economy. In fact, the NFT initiative cannot take place unless a certain number of tour players agree to take part.

So far, we understand that PGA Tour is finalizing deals with two huge NFT platforms, Sorare and Autograph. Sorare is a hugely popular NFT card fantasy football (soccer) trading game already in partnership with numerous leagues. Now, it will get the same system for golf.

The PGA Tour will partner with autographs to collect NFT. Autographs by Tom Brady will allow the use of tour-licensed highlights and data to develop unique NFT.

This exciting new venture for the golf and NFT economy will bring new fans to the sport. Payments will be based on FedEx Cup rankings, and they will receive royalties in the NFT.

Significantly, the NFT Collection will guarantee earnings for PGA Tour players who like to join and offer their names, pictures and similarities.

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