RECUR's NFTU Sells Out in Seconds

NFTU is the largest unified collegiate sports digital collectible NFT Marketplace. Upon launching its first series of Drops, NFTU sold out of nearly 20,000 packs in seconds, proving the future of collegiate sport fandom is built through community, connecting athletes and fans through owning iconic sports moments

MIAMI, March 15, 2022 /PRNewswire/ -- Today, the world's largest and first-ever collegiate sports digital collectible marketplace, NFTU.com, has officially SOLD OUT in seconds of its first ever collection of digital memorabilia featuring college basketball. The platform, fueled by a community of loyal sports fans, are helping to transform and sustain the future of collegiate sports for athletes and universities alike, with overwhelming support through purchases of their most cherished sports moments.

NFTU, powered by technology company, RECUR, represents a monumental step toward fair usage of NIL (name/image/likeness) rights for collegiate athletes. Launched together with a network of over 50 universities, hundreds of athletes and leading licensing and brand partners such as LEARFIELD, NFTU provides a first of its kind opportunity for student athletes to benefit from the use of their NIL through owning their own royalties and allowing them to create long term investments. The platform and its popularity will support colleges and  champion both current and former student athletes' for years to come by allowing players to be able to support themselves while pursuing their sports. 

NFTU is the only and largest unified collegiate marketplace bringing together all IP rights holders, with the ability to mint the athlete, the college, and the conferences simultaneously on one platform. Unlike other platforms that restrict ownership to a certain blockchain, NFTU gives fans full and complete ownership over their collectibles, and any time a digital collectible is bought, traded or sold on any platform in the form of NFTs, student athletes and colleges across the network receive royalties. The relationship presents a win-win: fans are able to truly own and be a part of their favorite team on an interoperable and chain agnostic platform, while the players themselves are able to generate revenue in entirely new ways that will be significantly sustainable over time.

"The success behind the inaugural collection of NFTU demonstrates how much the collegiate sports community is united behind their school and their athletes and are looking for a way to show it," said Zach Bruch & Trevor George, RECURs co-founders and co-CEOs. "We're providing an avenue for student athletes to focus on competition and school while benefiting from the 2021 NIL NCAA rule change by simply doing what they love. In return, fans get a piece of the action for their support and through NFTU, they're able to truly own their cherished sports moments."

NFTU has officially launched today, with a season-long collegiate basketball collection featuring weekly drops in the form of cases. Cases contain multiple NFTs that come in four different rarities - Common, Premium, Rare and Ultra Rare - with rarity being determined by both the player and the moment. Additional college sports will be rolled out in the coinciding season such as collegiate football.

For more details around NFTU and to get started, visit https://www.nftu.com/

Founded by crypto industry expert Zach Bruch and digital licensing industry pioneer Trevor George, RECUR is a technology company that designs & develops dedicated branded experiences that allow fans to buy, collect, and re-sell digital products and collectibles (NFTs). RECUR is the only blockchain-agnostic NFT platform ultimately giving its brand partners the widest range of distribution and their fan bases the widest range of utility. RECUR also co-authored the recurring royalty standard for NFTs, allowing for creators, artists, athletes, and brands to participate in the secondary sales of their assets in perpetuity. NFTU.com is RECUR's collegiate sports brand. For additional information, visit recurforever.com or NFTU.com.

SOURCE RECUR