Phil Ivey Releases “Royal Flush” NFT Collection Via Ethernity Chain
Back in April, the Planet Poker Tour (WPT) announced they had been obtaining into the globe of non-fungible tokens (NFTs) by releasing poker “moments,” much like NBA Leading Shot has accomplished. Now, one poker player is following in the footsteps of Rob Gronkowski and other stars by releasing his own NFT collection.
Phil Ivey, fresh off winning the $25K WPT Heads-Up Championship, has partnered with Ethernity Chain and Impossible Short to release an officially-licensed NFT collection, one particular that commemorates the Poker Hall of Famer’s profession achievements. The set is offered now.
“With Phil Ivey getting the icon that he is, we hope that poker will lead by Phil’s example by deciding on to embrace the future of collectibles,” Ethernity Chain stated in an announcement.
Ethernity Chain is a community-oriented platform that produces limited edition authenticated NFTs by artists, whereas Not possible Short is comprised of the creative duo of James Zwadlo and Chris Levett, who looked forward to collaborating with a poker legend.
“Creating the art for this most current Phil Ivey NFT is the newest ‘face’ of a sport represented in their comprehensive portfolio of sports NFT’s,” the announcement read. “For Impossible Brief, obtaining the possibility to create the licensed Phil Ivey NFT was a ‘no-brainer’ after previously immortalizing the faces of football (Patrick Mahomes) and baseball (Fernando Tatis Jr.) in recent months.”
If you do not know what an NFT is, fear not as there’s a short briefer at the bottom of this report.
The Royal Flush Collection
The Phil Ivey collection is titled “The Royal Flush” offered there are five various editions represented by each and every card in Royal Flush – ten, jack, queen, king, and ace. The exclusive NFTs are obtainable at the beginning cost of $199 ERN, Ethernity’s token (crypto currency coin) that you can read about here.
Those who total a Royal Flush will automatically be entered to have the chance to participate in a charity poker game featuring Ivey. It is slated to be a highly curated, true-life game aboard a luxury yacht in Miami this coming fall/winter 2021.
Here’s to attain the “Royal Flush” and get your spot at the table:
- Get the Ten, Jack, Queen, & King NFTs and hold them in your Wallet
- Win one of eight Aces up for auction.
- Winning Auction Bidders of the eight Aces who also hold the complete hand (Ten, Jack, Queen, King and Ace) then gather a “Royal Flush” and shall be eligible to make the game in Miami.
Here’s a bit more information on every single NFT, which will offered for 72 hours or till supplies run out.
The Ten Card – 100 will be obtainable at $199 in ERN. This card is meant to represent the ten Planet Series of Poker gold bracelets Ivey has amassed in his career.
The Jack Card – 75 will be offered at $500 in ERN. The card represents Ivey becoming a “jack of all trades” when it comes to poker moves.
The Queen Card – 50 will be accessible at $999 in ERN. The card is meant to capture Ivey’s intimidating glare, or as the description states: “Ivey’s eyes reflect that of a ruling royal calm, steady, meticulous and domineering.”
The King Card – 20 will be available at $1,999 in ERN. Offered he’s arguably the ideal player in the game, Ivey is the “king of poker.”
The Ace Card – Only eight will be accessible, each and every auctioned off with a reserve value beginning at $four,000 in ERN. The auction will final 72 hours.
“Phil Ivey will often be regarded as an ace-level renegade within the poker world,” the description reads. “When it matters most, Ivey often ups the ante and stays consistent in his dominance. Alternatively of staying inside the tournament circuit, Ivey a lot more often wagers up by playing in all-cash games, now that is ace-level play.”
Find out about the WPT NFTs here
A Short Explanation of NFTs
Here’s how Wikipedia explains it to the layman: “A non-fungible token is a unit of information stored on a digital ledger, referred to as a blockchain, that certifies a digital asset to be unique and as a result not interchangeable. NFTs can be used to represent items such as photographs, videos, audio, and other varieties of digital files.”
When the WPT launched their NFTs, PokerNews senior editor Mo Nuwwarah provided the following primer.
Essentially, NFTs are digital collectibles — the later being the “token” part of the equation.
The “non-fungible” part indicates each one particular is special — they aren’t interchangeable the way two monetary notes of the same denomination would be. Nevertheless, this can be a bit misleading. Each and every token is exclusive in the sense that it has its personal identity on the blockchain, but other tokens might have the same look the same way two identical football cards do.
Right here are a handful of key points from the BBC’s post on the matter from March, throughout probably the height of NFT craze to date:
- NFTs are “1-of-a-kind” assets in the digital world that can be purchased and sold like any other piece of house, but they have no tangible type of their own.
- The digital tokens can be thought of as certificates of ownership for virtual or physical assets.
- As with crypto-currency, a record of who owns what is stored on a shared ledger known as the blockchain.
- The records can not be forged.
- Interest has been fueled by current headlines of multi-million-dollar sales.