Swimmers Who Break World Records Receive NFTs In Addition To $50,000 In Prizes 

Italian swimmer Thomas Ceccon (21) and Hungarian swimmer Kristof Milak (22) were awarded the first-ever NFTs awards and a massive $50,000 for their performances at the most recent 2022 World Swimming Championships hosted in Budapest, Hungary on June 21. 

NFTs as award by FINA

FINA hosted the championships for its nineteenth championship. They decided to mint customized NFTs for the winners, along with a physical copy of the NFT to accompany the reward money. 

The digital artwork was made by Krizbo, a Budapest-based artist who is not exclusively an NFT artist and whose work was minted by FINA for the Championships. He has also lately posted a modest but growing collection to OpenSea

Both Ceccon and Milak’s NFT are placed against the colors of the Hungarian flag (red, white, and green). Two of the city’s most recognizable structures, the Hungarian Parliament building, and the Fishermen’s Bastion, accompany each swimmer’s triumphant moment in the pool, together with the national colors. The NFTs are distinguished by the fact that each winning athlete is highlighted in their own NFT. In Ceccon’s version, he is pointing to the throng in the pool, while Milak is seated on the pool’s edge and looking up at the masses. 

Ceccon broke the world record for the 100-meter backstroke. His timing of 51.60 surpassed the previous record holder, Ryan Murphy, by a quarter of a second. Milak swam the 200-meter backstroke in 1:50.34, which was faster than his previous world record of 1:57.73, which he achieved at the 2019 championships. 

Sports-Related: Cristiano Ronaldo teams up with Binance

The State of Cryptocurrencies and NFTs  

Since November, the global crypto market has been on a rapid slide, shedding over two-thirds of its value from its all-time high. The market’s absolute high saw a total market value of over $3 trillion, and since then, it has lost almost two-thirds of its worth, as it presently stands at approximately $1 trillion at the time of writing. 

One thing that has stood out, however, is the ongoing acceptance of NFTs as more and more digital companies incorporate NFT services into their platforms, like Facebook, Instagram, eBay, and Moonpay, to mention just a few. Even automotive titans like Bentley Motors and McLaren are participating in the NFT. And the NFT’s reach expands even further when the iconic music festival Exit starts NFT cooperation with music celebrities. Currently, NFTs are literally everywhere, and celebrities, such as Snoop Dogg and Justin Bieber, are endorsing them. 

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