On Tuesday, one of the top recruits in the class of 2024 entered the digital trading space. New Jersey defensive back Kaj Sanders now has an NFT trading card.
It is an incredibly creative way for an athlete to make money utilizing Name, Image and Likeness (NIL).
For those not familiar with the concept, an NFT trading card is “created by taking a digital file and converting it into a cryptocurrency token that exists on a blockchain — a public ledger on which transactions are recorded.”
The NFT created by Sanders is hosted by VerifiedInk.
Sanders, a junior at Bergen Catholic, is one of the top recruits in New Jersey. A four-star according to the 247Sports Composite, Sanders holds Power Five offers from programs like Boston College, Louisville, Michigan State, Nebraska, Notre Dame, Penn State, West Virginia and Wisconsin among others.
— Athlete-first NIL Collectibles (@VfdInk) November 4, 2022
A similar NFT created by four-star Jaylen McClain of Seton Hall Prep made $1,200.
An athlete utilizing the VerifiedInk platform can keep 80 percent of their profit.