<\/p>\n
Banking institution Credit Suisse has teamed up with the Swiss Football Association to issue non-fungible tokens (NFTs) on Ethereum to support the women’s team.<\/p>\n
The NFTs, a collection of 756, will be tied to digital artistic representations of Swiss women’s national football players. Credit Suisse-supported<\/a> Digital asset startup Taurus has helped with the infrastructure.<\/p>\n “By implementing the project, Credit Suisse is setting another milestone in the development of the Swiss digital assets market,” the bank said in a press release<\/a>,<\/p>\n All funds raised from NFT sales will go to the Swiss Women’s National Team and chosen youth initiatives focusing on girls football. <\/p>\n Under the partnership, the Swiss Football Association is the issuer and the seller of the NFTs, while Credit Suisse \u2014 acquired by Swiss investment bank UBS last month \u2014 is managing sales on behalf of the association.<\/p>\n The NFTs will be on sale from July 11 to August 31 on Credit Suisse’s CSX digital banking app. This means the NFTs are only available to residents of Switzerland with a client relationship with the bank.<\/p>\n Tokens are divided into three categories \u2014 Unique, Rare and Limited \u2014 each offering its own extra perks, such as autographed jerseys or the opportunity to have an exclusive meet-and-greet session with the players.<\/p>\n Payments will only be accepted in Swiss francs, not cryptocurrencies. Buyers won’t be able to resell or even transfer their NFTs outside of the CSX app, but Credit Suisse said it was looking to add that functionality further down the line.<\/p>\n Sandra Caviezel, head of partnerships and sponsorships at Credit Suisse, said any funds raised would not only directly support the women’s national team but also contribute to nurturing young talent.<\/p>\n Get the day’s top crypto news and insights delivered to your email every evening. Subscribe to Blockworks’ free newsletter<\/a> now.<\/strong><\/p>\n Want alpha sent directly to your inbox? Get degen trade ideas, governance updates, token performance, can’t-miss tweets and more from Blockworks Research’s Daily Debrief<\/a>,<\/strong><\/p>\n Can’t wait? Get our news the fastest way possible. Join us on Telegram<\/a> and follow us on google news<\/a>,<\/strong><\/p>\n Banking institution Credit Suisse has teamed up with the Swiss Football Association to issue non-fungible tokens (NFTs) on Ethereum to support the women’s team. The NFTs, a collection of 756, will be tied to digital artistic representations of Swiss women’s national football players. Credit Suisse-supported Digital asset startup Taurus has helped with the infrastructure. “By […]<\/p>\n","protected":false},"author":2,"featured_media":118011,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-118010","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/118010","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=118010"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/118010\/revisions"}],"predecessor-version":[{"id":118012,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/118010\/revisions\/118012"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/118011"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=118010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=118010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=118010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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