Former Canaries skipper Grant Holt is amongst a growing number of ex and current footballers to announce they have signed up to Non Fungible Token companies. However, their promotion has led to some backlash amongst fans. Joel Adams looks at why?
Let’s start with the easy bit: who’s Grant Holt?
Mr Holt is a former captain of Norwich City. As a striker he scored 78 goals for the club between 2009 and 2013 and won its Player of the Season award three times in succession, including when the Canaries were promoted to the Premier League in 2011. He is the sixth-highest scorer in the club’s history.
The club legend has more than 80,000 followers on Twitter and another 20,000 on Instagram.
What has he done?
On April 18 Mr Holt posted the following tweet: “Delighted to be part of the @BoredApe_FC give them a follow and see what we are doing and who else is getting created. #NFTCommunity #BOREDAPE #football #metaverse.”
The tweet included this cartoon line drawing of an ape wearing an NCFC shirt and a captain’s armband.
Grant Holt tweeted about his collaboration with Bored Ape on Monday – several replies on Twitter questioned whether he had copyright to use the NCFC logo which sure enough the club have asked him to remove
– Credit: Twitter
Okay… now onto the weird bit – what’s an NFT?
NFT stands for Non Fungible Token.
That doesn’t help.
Let’s break it down. NFTs don’t exist “in the real world”, they only exist digitally. This can be hard to get your head around – but think in terms of a more commonplace item you might spend money on but which only exists digitally: an ebook, a downloaded song, a piece of software, or a “skin” for your character in a computer game.
However unlike these things, NFTs are Non Fungible.
That means they are unique and cannot be replaced. Unlike an ebook which could be downloaded millions of times, a freshly-minted NFT is more like a signed first edition of a printed book: it’s unique – and…
