The Mumbai Indians are the first IPL team to invite proposals for NFT development. For a non-refundable charge of INR 1 lakh, interested parties can submit a request for proposal (RFP).
IPL champions five times over Mumbai Indians are preparing to enter the realm of digital currencies as Indiawin Sports Private Limited (ISPL), the franchise’s parent business, requested suggestions for their digital collectable non-fungible tokens (NFTs).
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They are the first IPL franchise to pursue NFT in order to boost their worldwide brand value.
The Mumbai Indians are one of the most well-known franchises in the world. According to a recent research by consultancy Brand Finance. The five-time champions were the top IPL franchise brand in its 2021 IPL rating. Given their popularity among viewers, it stands to reason that ISPL has opted to focus its efforts on the production and monetization of its digital intellectual assets through NFTs.
“ISPL is seeking ideas from global and Indian organizations to develop and launch NFTs based on its existing intellectual property and leveraging the worldwide brand value of the Mumbai Indians. The RFP contains the detailed terms and conditions governing the RFP process. Including eligibility requirements, bid submission process, rights and obligations, and so on. The RFP will be made available upon receipt of a non-refundable fee of INR 100,000 (Indian Rupees One Lakh Only) plus any applicable Goods and Services Tax “According to an official announcement from ISPL.
“The process for obtaining the RFP papers is detail in Annexure A to this notice. The RFP will be available for purchase until January 17th, 2023. Interested parties should provide payment information for the RFP purchase to RFP@mumbaiindians.com using the process outlined in Annexure A. It is clarified that the RFP papers will be supplied only once payment of the non-refundable RFP fee has been confirm. “It also added.