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AC Milan Partners with BitMEX to Launch NFT Collection

Published

3 years ago

April 11, 2022

Italian soccer club, AC Milan will be releasing its first-ever nonfungible token (NFT) project in collaboration with cryptocurrency exchange BitMEX, with proceeds going to Fondazione Milan, the clubs’ charity arm. The exact date is yet to be announced.

The limited-edition collection will feature over 75,000 NFTs, this represents the capacity of the club’s stadium, San Siro. The NFTs will depict a 3D image of a jersey found in South Sudan by Danish war photographer, Jan Grarup.

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BitMEX has partnered with AC Milan to contribute to the project by providing trading discounts and “other benefits” to the first 10,000 NFT pre-orders. BitMEX will also donate to the club’s charity arm by purchasing a “large number” of the NFTs.

In addition, the club has disclosed that the proceeds from the NFT sale will contribute to funding its charitable causes around the world, specifically the ongoing Russia-Ukraine crisis and a UNICEF project in South Sudan.

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Bobby Anyadike

Bobby is a media personality and academy lead at Earnathon. He is passionate about cryptocurrency and the blockchain technology, as well as the value it drives in the present global economy. He is a freelance writer, actor and voice over artist. He enjoys cooking, singing and networking.

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