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Luka Garza sets auction for non-fungible token

Related Topics: non-fungible token, Luka Garza

After a record breaking career as an Iowa Hawkeye, Luka Garza is capitalizing on that success by auctioning off a 1 of 1 non-fungible token (NFT) this evening at 6:00p EDT on OpenSea after announcing it on CNBC this afternoon. A portion of the sale will go to the University of Iowa Children’s Hospital.

NFT’s represent a new economy which seeks to create unique digital assets. Most notably, NBA TopShot sells digital highlights which are “minted” so there is discrete number available. Backed by blockchain technology, any future transaction is logged to validate its authenticity.

Shown on CNBC is just a still frame of the front of @LukaG_55 card.