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Tom Brady-backed venture offering inaugural NFTs

By Kevin Donovan

21:18, 7 December 2021

Tom Brady Mystery Container
Tom Brady launches inaugural NFT offering over Autograph.io and partner DraftKings. - Photo: Autograph.io

National Football League (NFL) quarterback Tom Brady is offering his first non-fungible token (NFT) collection Tuesday over the DraftKings Marketplace, with 16,600 separate drops costing $80 (£60.41) each.

“My first NFT collection of some items I handpicked from the very beginning of my career drops this week,” Brady said in a Tweet.

Opens to public Thursday

The Early Access period for select buyers began Tuesday at 3:00 p.m. EST (UTC-5) and the collection becomes available to the public on Thursday at 5:00 p.m. Buyers of individual Mystery Container will not be allowed to access the collectable inside until 14 December at 3:00 p.m. The deadline to complete a set is 21 December at 2:00 p.m.

Each offering, called a Mystery Container, contains one of up to 25 collectables of five degrees of varying rarity. Collectors who compile a set of five collectables of the same rarity are eligible to exchange the set for what is called an Immortal Statue. The NFTs were created in conjunction with Autograph.io, Brady’s NFT venture.

The five collectables are called College Resume, Rookie Draft Card, Combine Stopwatch, Combine Cleats and Combine Jersey each with varying rarities from Carbon, Platinum, Emerald, Sapphire and Ruby. Sets in the Sapphire and Ruby gradient may redeem a set for a statue collectible signed by Brady.

Gold

2,416.70 Price
+0.030% 1D Chg, %
Long position overnight fee -0.0191%
Short position overnight fee 0.0109%
Overnight fee time 21:00 (UTC)
Spread 0.30

BTC/USD

58,044.70 Price
+1.000% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 106.00

ETH/USD

3,129.62 Price
+0.770% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 6.00

XRP/USD

0.47 Price
+4.120% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.01168

Autograph.io venture

Autograph.io was founded by Brady in partnership with other athletes, such as former National Hockey League player Wayne Gretzky, former Major League Baseball player Derek Jeter and current Professional Golf Association player Tiger Woods, as well as business executives.

This collection focuses on Brady’s pre-NFL years, where he was primarily a backup quarterback at the University of Michigan who received unimpressive pre-NFL Draft grades and was selected 199th overall in the 2000 NFL Draft by the New England Patriots. Brady has since gone on to win seven Super Bowls in 10 appearances, including Super Bowl LV in February with the Tampa Bay Buccaneers.  

Read more: Nearly $27bn worth of Ethereum NFTs traded in 2021

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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