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Alex Ovechkin the latest NHL superstar to launch an NFT

One of the NHL's biggest stars, Alexander Ovechkin, is launching an NFT collection.

The longtime Washington Capitals captain signed a five-year, $47.5 million contract on Tuesday to remain with the Caps until he reaches age 40. The Russian superstar was inspired by other major athletes who have dabbled in the digital collectible space.

"I first talk about it with my team after some of the NFL guys did it, and I think it's cool idea and wanted to try it.," Ovechkin told ESPN through Ethernity, the company that is releasing the Ovechkin NFTs.