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Will Naomi Osaka invest in Dogecoin and NFTs? - The Cryptonomist

en.cryptonomist.ch 01 September 2021 09:36, UTC
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Naomi Osaka, the Japanese tennis champion, former number 1 in the Women’s Tennis Association (WTA) and the last torchbearer at the recent Olympics, after creating an NFT called “Finding What Was Lost”, is considering investing in the cryptocurrency Dogecoin.

The tennis champion and winner of the last US Open has long shown an interest in the world of cryptocurrencies and has even invested part of her earnings in this sector.

And it seems that these investments have also been profitable, considering that in April an NFT series was reportedly sold for almost $600,000.

Naomi Osaka and her interest in Dogecoin

But the creation of NFTs would not be the only manifestation of the tennis champion’s growing interest in the crypto world.

In fact, in an interview last week Osaka said:

“I was actually talking to my agent about cryptocurrencies for a long time. I know that online everything is getting bigger. I remember reading about Dogecoin, I think there will be something new and interesting that we will see soon”.

What is Dogecoin?

Dogecoin is a parody cryptocurrency created by computer engineer Billy Markus and Jackson Palmer in 2013. Dogecoin’s price variations were always very limited until last year’s breakthrough where it reached $0.737 after some tweets from eccentric billionaire Elon Musk.

Now, after the price seems to have stabilized, comes the news of the interest of the tennis champion who has a huge following on social networks and is a real hero in her country.

Sport and crypto an increasingly close relationship

Osaka’s NFTs are using the Flow blockchain, the same technology used by top NFT products such as NBA Top Shot.

In recent years, the use of tokens and blockchain linked to sporting events or teams has become increasingly popular.

It is not only the American NBA and NFL associations, with the many NFT collections released on the market by their own top athletes, such as Alphonso Davies and Andy Murray.

But think also of the increasing number of fan tokens of many major European football clubs. The recent signing of footballer Lionel Messi was paid for in the form of tokens from the PSG club.

Juventus recently offered for sale a 3D, high-definition representation of their new home kit for the 2021/22 season. While many major clubs including Roma, Real Madrid, Inter Milan, Atletico Madrid, Manchester United, PSG Bayern Munich and Barcelona have long used their fan tokens to provide merchandising to their supporters.

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