The NFT deal pushes Quinn Ewers’ total NIL compensation
- Quinn Ewers has an agreement with an NFT marketplace Metabilia.
- The athlete plays for the Texas Longhorns as a Quarterback.
- The deal has increased his NIL compensations to around US$4 million.
A new milestone for Quinn Ewers
NFTs have rested well in our hearts since their exponential boom in 2021. From average enthusiasts to famous celebrities, digital tokens have caught everyone’s eyes in the wake of digitization. Recently, Texas Longhorns quarterback Quinn Ewers had announced a partnership with Metabilia, an NFT marketplace.
The agreement will reportedly pay US$1 million in compensation on top of half of the revenue share in 12 payments throughout the year. With this, Ewers’ total name, image and likeness (NIL) compensation has reached around US$4 million. According to a NIL technology company, a deal pays $2,446 to a Quarterback, $1,960 to a Running Back, $1,436 to a Receiver and more. Interestingly, specialists receive the lowest share at $388.
The National Collegiate Athletic Association (NCAA) approved the college athletes to earn from the NIL in June 2021. According to the released document, they can earn money from their activities, including sponsored appearances, social media posts, non-fungible tokens and more. Quinn Ewers expressed his excitement in an interview with Austin-based NBC associated channel. He said that “They are finally getting paid for their hard work.”
American football tops the charts
According to the data of a NIL technology firm, the top sport after NIL compensation is still football (49.6%) followed by men’s basketball (18.9%), women’s basketball (12.6%), women’s volleyball (2, 5 %). Baseball and women’s gymnastics have increased nominally to 1.5% and 1.4% respectively.
Football is still at the top by dealing with NIL activities by sports accounting for 36.8% of activities. Men’s basketball (7.7%), women’s volleyball (6.4%), baseball (5.3%) are the rest. Social media posts remain the most compensating activity at 52.9% followed by other activities (34.1%), shoutouts (8.5%), appearances (3.9%) and autographs (0.9%) .
Similarly, social media posts account for the majority of NIL compensation to athletes at 40.7% followed by other activities (39%), appearances (16.7%), shoutouts (6.8%) and autographs (2, 7 %).
NFTs are slowly emerging in various industries. The sports sector can benefit as tokens can offer several benefits, including VIP videos, in-game player cam access, behind-the-scenes locker room chats and more. NFL hall of famer Tom Brady released his digital collectible called Huddle during September 2022.
Non-fungible tokens were considered images that persisted on the blockchain. But the new use cases have silenced NFT critics globally.
Anurag has been working as a founding writer for The Coin Republic since 2021. He enjoys exercising his curiosity muscles and researching deeply into a topic. Although he covers various aspects of the crypto industry, he is quite passionate about Web3, NFTs, Gaming and Metaverse, envisioning them as the future of the (digital) economy. A reader and writer at heart, he calls himself an “average guitar player” and a fun soccer player.
