O’Neal’s sports fame and money or his mother Shaunie O’Neal’s bank from her “Basketball Wives” television empire.
Shareef, a 6-foot-10 junior at Louisiana State University, is the latest athlete to take advantage of the new NCAA NIL (name, image, likeness) rule that went into effect on July 1 and allows college athletes to profit from their images and reputations. The young LSU Tiger has signed an NIL deal with NFT Genius, a cryptocurrency startup backed by investors such as Dallas Mavericks owner Mark Cuban and actor Ashton Kutcher.
“I had an NIL meeting last year and I told my mom, ‘Oh, I think I’m going to be able to start making money.’ And she was clapping and she was like, ‘Woo hoo, no more asking me and your dad [for money],’ ” Shareef O’Neal told USA Today.
While details of the deal weren’t announced the younger O’Neal hinted the offer was lucrative.
The NFT business is already skyrocketing and is expected to experience a “massive increase” in volume over the next 12 months as more major investors arrive, BLACK ENTERPRISE reported.
A post shared by Notables (@notables.co)
The effort included 10,000 rare tokens featuring the NBA legend in diverse costumes with amusing facial expressions. Within a day, the collection reportedly raised $1 million for Shaq’s foundation.
O’Neal dared his followers to keep supporting the charitable push by boosting the amount to $1.5 million before Christmas. Shortly thereafter, the collection pulled in $2 million based on a Notables post on Instagram.
O’Neal’s philanthropic efforts followed other generosity he showed to help others during the holiday season.
Shaq’s nft collection
Considering these are just simple NFTs and are for a cause, even 1.95 ETH is a big price to pay.
NFTs are getting bigger
In the very beginning, we saw that NFTs were being used by art collectors to own things digitally and add to their collection. It also became a medium for artists to share/portray their talent on a global scale.
After this, with the popularity of Cryptopunk NFTs trading became very popular, and people started buying and selling a lot of NFTs. And finally, it seems we are going to see a new trend where famous personalities sell their NFT collection for charitable purposes.
What are your thoughts as Shaq launches an NFT collection for charity? And do you think all his remaining NFTs will get sold soon? Let us know in the comments below.
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“A captivating showman on and off the court, each Shaq Gives Back NFT serves as a reminder that Shaq can make any situation more enjoyable.”
“The NFT versions may be as easy as Shaq wearing his old team colors, as cheeky as Shaq wearing a DJ Diesel jersey, or as bizarre as Shaq smiling…without teeth.”
The Shaquille O’Neal Foundation will receive 100 percent of the revenues from the Shaq Gives Back NFT sale.
The foundation establishes avenues for poor young people to help them attain their full potential, in addition to the annual Shaq-a-Claus event, which provides toys, clothing, and meals to underprivileged youngsters around the country.
Golden State Warriors player Stephen Curry debuted his “2974 Collection” earlier this month to commemorate his status as the NBA’s all-time three-point leader.
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The injury continues to debilitate him as he hopes to make a recovery before LSU begins conference play on December 29, 2021.
“I know this season is going to be a great season when I get back,” O’Neal said.
O’Neal could also agree that the BALLERZ NFT’s will be dropped on December 13, 2021, mirroring the day he went under the knife. What makes it doubly great is that Born also mentioned that the BALLERZ collection will include the entirety of the O’Neal family as well.
And now, with the signing of this NIL deal, O’Neal can be ecstatic that he no longer has to ask his father for money anymore.
Everything that he has been through could have taken down anyone, but he stands tall and resolute. As tall and resolute as the bronze statue of his father outside the LSU basketball locker room.
“…I walk past it every day going to practice.
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LSU, recently signed a deal with NFT Genius, a startup cryptocurrency company backed by Mark Cuban and Ashton Kutcher. The basketball player will be included as one of 10,000 non-fungible tokens of NFT Genius’s BALLERZ project.
When asked about how much he stands to make from the deal, O’Neal responded, “It could be a crazy amount, that’s all I know.”
NFT Genius CEO, Jeremy Born, declined to comment on the exact nature and details of the deal with O’Neal but did mention that, “It’s a monumental undertaking — arguably the first time in the NFT space where an athlete is showcased not only for their work on the court, but also for important causes and personal hardships they may be facing off the court,” in reference to the struggles O’Neal has faced already in his life and career.
Before playing for his father’s alma mater at LSU, O’Neal originally played for UCLA.
Shaq nft ethernity
Ethernity has partnered with other athletes and their collections, including WNBA players and Hall of Fame inductees Tamika Catchings and Swin Cash and Argentine professional soccer player Lionel Messi.
Earlier in 2021, Shaq was tweeting and commenting on the quality of Ethernity’s launches, which some now speculate signaled his upcoming partnership.
While Ethernity is capturing the attention of many athletes and celebrities, users should note that Ethernity NFTs can operate only on Ethernity—meaning you cannot transfer them out. Limiting collectors to buying and selling on Ethernity incentivizes users to collect and hold onto ERN and maximize its utility.
Shaq nft project
At the time of writing, there are 5,500 owners of Creatures.
The project was launched by 21-year-old New York artist Danny Cole.
Unlike other projects with a definitive roadmap, Creature World has been quiet on its plans for the future. Cole has said the NFT has its future planned out for years.
“Danny and his team want everything to be a surprise for us and to keep anticipation and excitement high as we uncover the next steps rather than just have it be a checklist,” a Creature fan shared on Medium.
Since Shaq’s purchase and profile picture were changed, sales volume for Creatures totaled $6.4 million, a 1,164% increase over the previous day.
Shaq nft wallet
The floor price for the NFT collection on OpenSea is 0.024 ETH. Trading volume has been over 84 ETH since the project minted.
Related Link: 9 Stocks With Shaquille O’Neal Ties
Why It’s Important: The new NFT collection from O’Neal continues the trend of celebrities launching their own projects.
O’Neal is now a collector of NFTs and has his own collection, something a growing number of athletes and celebrities have also accomplished in 2021.
O’Neal bought two Creature World NFTs earlier this year, and also acquired a Mutant Ape Yacht Club for 4.8 ETH three months ago.
Shaq nft mint
To participate in the drop, users will have to buy Ethernity’s native ERN token, which can be purchased either on Uniswap or Binance.
Besides being used to purchase authenticated NFTs, ERN tokens can unlock further earning potential through staking, and staking unlocks liquidity-providing tokens. Users can lock their ERN tokens to farm STONES, which are tokens that can be redeemed for “exclusive NFTs.”
Since Ethernity operates on the Ethereum network, users will not have to integrate another wallet outside of the popularly used MetaMask or Fortmatic wallets.
Users must create an account before they can purchase any NFT on the platform and should note that it operates on a “know-you-customer” (KYC) basis.
After every NFT purchase, a percentage is allocated to charities and ERN holders.
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This was also accompanied by the launch of his PFP series. His “SHAQ Gives Back NFT series” is yet another collection of 10,000 NFTs he launched last week, highlighting his charity work.
SHAQ’s NFT sales
SHAQ does a lot of charity work, and his NFT sales are yet another medium to raise money for the same.
All the proceeds from the NFT sales will go directly to his Foundation. SHAQ’s Foundation provides toys, food, clothing, and other necessities to underprivileged kids.