As it turns out, the worlds of NFTs and professional football share an unshakeable bond. This week, sales in a Saudi Arabian-themed NFT collection surged following the defeat of the 2-time champions, Argentina.
You may not have noticed, but folks worldwide get pretty worked up over the centuries-old game of ‘kick the ball.’ So much so that the results of matches have had a profound effect on vaguely associated NFT collections and fan tokens.
Dramatic Price Movement
On Monday, footballing giants, Argentina, slid to a surprise defeat against Saudi Arabia. As a result, Saudi Arabian NFTs surged as fans began reaching for their wallets while simultaneously offloading their Argentina fan tokens.
The Saudi Arabian NFT collection, named ‘The Saudis,’ witnessed a massive 387% uptake in trading volumes following the win. While on the flip side, Argentina’s fan token dropped 21% in value immediately after the result. So, as the mightiest test of football on the planet begins to gather steam, expect more wild and unexpected movements in the world of NFTs.
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Image credit via: The Guardian
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