SUDDEN IMAGING LLC

NIL Opportunities For Athletes Via NTFs On The Metaverse.

Negotiating name, image, and likeness (NIL) endorsements for College and Pro level Athletes to be displayed as NFTs on the metaverse.

FOOTBALL NFTs

College and Pro Football Players can now create valuable, one-of-a-kind non-fungible tokens (NFTs) that represent the highlights of their career.

WHAT WE DO

Our company, Sudden Imaging, procures and negotiates endorsement contracts for an athlete based on their image in the form of a non-fungible token (NFT) and a binding name, image, and likeness (NIL). In return, Sudden Imaging receives a commission that is usually a percentage of the contract, although this figure varies. In addition to finding income sources, we often handle public relations matters for our clients. In addition, we deal with all aspects of an athlete’s finances, from investment to filing taxes, to starting a business.

NEW LAWS IN EFFECT

Before September of 2019, all college athletes were prohibited from receiving financial compensation for their success on the field and in the gymnasium. Even the most popular and publicized college athletes who would later play professionally were unable to profit off of their names. That all changed in June of 2022 when the U.S. Supreme Court ruled unanimously to give college athletes’ name, image, and likeness rights to receive sponsorships and brand deals.

WHAT IS NIL?

Name, image, and likeness is the common term for the ruling of the NCAA v. Alston case centered around whether the NCAA could limit education-related payments to student-athletes. At its heart, the case revolved around whether or not athletes could earn compensation based on their likeness and their athletic or public prowess. NCAA vs. Alston followed a similar suit from 2014 titled NCAA v. O’Bannon which was the ultimate downfall of the popular NCAA Football video game series as well as other officially licensed collegiate items that utilized players’ likeness.

BASKETBALL NFTs

College and Pro Basketball Players can now gain valuable NIL opportunities with non-fungible tokens (NFTs).

WHAT ARE NFTs?

Non-fungible Tokens (NFTs) are digital assets that are stored on a blockchain and can be bought, sold, or traded like other commodities. Unlike traditional currency, NFTs are not subject to inflationary pressures, and they can be used to represent a wide range of assets, from art and collectibles to in-game items and virtual real estate.

WHAT ARE NFTs USED FOR?

NFTs have a wide range of potential applications. In the world of digital art and media, NFTs can be used to create unique and scarce works that can be bought, sold, or traded like any other asset. They can also be used to track provenance and ownership of digital assets, ensuring that artists and creators are properly compensated for their work. In the gaming industry, NFTs can be used to create unique in-game items that can be traded or sold on secondary markets. And in the world of sports, NFTs can be used to create collectible trading cards, giving fans a new way to engage with their favorite athletes and teams. With so many possibilities, it’s no wonder that NFTs are quickly gaining traction in a variety of industries.

TRACK & FIELD NFTs

College and Pro Level Track & Field Athletes can now create stronger financial opportunities with non-fungible tokens (NFTs).

HOW DO NFTs AND CRYPTO CONNECT?

NFTs (non-fungible tokens) and cryptocurrency are two of the hottest topics in the tech world right now. But what are they, and how are they connected? NFTs are digital assets that are unique and cannot be replaced. Cryptocurrency, on the other hand, is a digital or virtual currency that uses cryptography to secure its transactions. So, how do these two things connect? NFTs can be bought and sold using cryptocurrency. In fact, some of the most popular NFTs have been sold for millions of dollars in Bitcoin and Ethereum.

ARE NFTs LEGIT?

The world of NFTs or Non-Fungible Tokens has undoubtedly taken the art and collectibles market by storm. From digital art to sports memorabilia, these unique digital assets have been selling for millions of dollars, and the trend doesn’t seem to be slowing down anytime soon. However, with this new form of investment comes a new set of risks, and it is essential to do your research before diving in headfirst. Before accepting NFTs, check them out, and if something sounds too good to be true, do more investigation.

BASEBALL NFTs

College and Pro Baseball Players can now revive the demand for ‘Baseball cards in the form of non-fungible tokens (NFTs).

WHY DO PEOPLE BUY NFTs?

People buy non-fungible tokens (NFTs) for many reasons. Some view non-fungible tokens as assets to collect and trade, they see them as investments. Others just love the art or the technology behind NFTs and like to experiment with how they can be used. More and more people are now seeing NFTs as a way to launch products, raise funding and give a voice to marginalized communities. There is a sense NFTs can unlock a new kind of democracy.

FREQUENTLY ASKED QUESTIONS?

Non-fungible tokens (NFTs) have taken the world by storm. From sports to music, NFTs have become a popular way for athletes, artists and creators to monetize their work. However, as with any new technology, there are always questions. We’ve included a few that clients frequently ask.

HOW DO NFT'S WORK?

NFTs work by using a blockchain, which is a digital ledger that records transactions. Each NFT has a unique ID that is recorded on the blockchain, along with information about the item it represents. When someone buys an NFT, they are essentially buying the ownership rights to that item.

HOW DO WE CREATE NFTs?

Through our NIL program, creating an NFT is relatively easy. The first step is to decide which memorabilia you want to represent as an NFT, such as athletic images, game or competition highlights, etc. Once we create the item, our platform will mint the NFT for sales and use.

WHAT ARE THE BENEFITS OF OWNING NFTs?

First and foremost, owning an NFT allows athletes to monetize their personal brand in a new and exciting way. Through the sale of NFTs, athletes can offer their fans a unique and valuable item that represents their ownership of a piece of sports history. For example, NBA star LeBron James recently sold an NFT that showcased a video highlight of a dunk he made during a game. This particular NFT sold for over $200,000, showcasing the potential financial benefits of owning an NFT.

HOW DO WE SELL NFTs?

Selling an NFT is similar to selling any other digital asset. We list it for sale on our marketplace and others like OpenSea or Rarible. We can also help you sell it privately. When someone buys your NFT, the payment will be made in cryptocurrency, such as Ethereum.

TWITTER

@SUDDENIMAGING

INSTAGRAM

@SUDDENIMAGING

FACEBOOK

@SUDDENIMAGING

FOR MORE INFORMATION:

CONTACT THE TEAM AT SUDDEN IMAGING BY PHONE OR EMAIL.

Subscribe Our Newsletter

Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.