EPL reportedly considers entering NFT market

The EPL is "exploring the fast-growing market for digital collectibles, which are raising hundreds of millions of dollars for artists and entertainment groups." The league has "begun to assess how it might capitalise on growing demand from fans" for NFTs. The move would follow in the footsteps of the NBA. A source close to the EPL's leadership said, "We are looking into it, and see the digital collectibles space as an area of interest to fans, the Premier League and our clubs. [They are] currently looking to establish the right route if any for the PL to take." 

However, the league is "yet to decide whether to enter the NFT market," as some clubs "may prefer to handle their own strategies independently rather than collectively," the source said (FINANCIAL TIMES, 5/5).