The famous Kenyan marathoner, Eliud Kipchoge, has sold out his first set of NFTs (Non-Fungible Tokens), for a total of 17.9837 ETH on the largest NFT marketplace, OpenSea.
Kipchoge is considered the greatest marathoner of all time for being the first human in history to run a sub-two-hour marathon as part of the INEOS 1:59 Challenge in 2019 in Vienna.
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The NFT auction included two key moments in Kipchoge’s career history:
- Eliud Kichoge #180916 – Moments from Kipchoge’s world-breaking record during the Berlin marathon in 2018. Sold for 3.1 ETH
- Eliud Kichoge #191012 – Moments from Kipchoge’s world-breaking record of the fastest marathoner in history in Vienna in 2019. Sold for $14.8837 ETH
The winner of the auction received the artwork in high quality and a personal video message from Eliud congratulating the new owner who goes by the username, NoDaoIsLimited.
The #191012 NFT is particularly appealing because it highlights an important time in human history.
For years, the best runners, coaches, and scientists doubted whether it was possible for a human being to run 42 kilometers and 195 meters in less than 2 hours. Eliud showed that this is possible, and by doing so, became not only the best runner of all-time but also an inspiration to many.
Momentible.io created the NFT artwork in collaboration with Kipchoge. The video message is the official approval and authentication stamp that it is indeed from Kipchoge himself.
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What is an NFT?
A non-fungible token (NFT) is a special type of cryptocurrency where every single token is unique and individual, making these tokens ideal for collectible cards or digital art.
Unlike regular cryptocurrencies, NFTs cannot be directly exchanged with one another and neither are they indivisible. This is because no two NFTs are identical – even those that exist on the same platform, game or in the same collection.
Think of them as festival tickets. Each ticket contains specific information including the purchaser’s name, the date of the event and the venue. This data makes it impossible for festival tickets to be traded with one another.
As a result of these features, NFTs are used to create verifiable digital scarcity, as well as digital ownership, and the possibility of asset interoperability across multiple platforms.
NFTs have already given artists more control over their creations, making it far easier for them to monetize their work. Because of the legitimate scarcity made possible by blockchains, buyers can rest assured that the art they purchase is, in fact, rare. This gives digital art real value that we’ve never seen before.
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RECOMMENDED READING: The Blockchain Industry Saw a 639% Growth YoY and 2,627% Growth in NFTs in Q1, 2021 vs Q4, 2020, According to Latest Report
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