While the crypto market remains cold with people losing their confidence in digital currencies, the NFL veterans are finding it as the right opportunity to invest and bring some NFTs into their wallets. The first person to begin this new trend among NFL athletes was Tom Brady, and now Colin Kaepernick joined his hands this week. The former San Francisco 49ers quarterback invested in an NFT platform and joined a 36-member group of a rare collection.

After marking his presence as a civil rights activist, the 34-year-old is busy trying his luck in the crypto world. Indeed, this is the right time for investors with a huge lump of money to invest in these fallen markets.

Already the rate has plummeted to such an extent that it has become unbearable, and athletes coming forward to endorse them will boost the morale of fans. The Nevada product has reportedly bought an NFT with bored Ape. Per the Bored Ape Gazette, Moonpay Onboarded Colin Kaepernick into The Bored Ape Yacht Club.

Moreover, he has also invested in an NFT platform Yuga Labs, which raised nearly $450 million in the seed round funding.

It seems Kaepernick was not the only athlete to have joined the platform. A16Z, Adidas, Dez Bryant, FTX, Google, Gunna, Mark Cuban, Samsung, Shaq, Snoop Dogg, Steve Aoki, and VaynerFund are some of the firms and investors that contributed to the funding process.

This Non-fungible token acquired by Kaepernick was stored in the vaults of Moonpay, but later on, it got transferred to an unknown entity.

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Recently, Yuga Labs finally released the final list of all members to have participated in the bid and that’s when it was realized that the NFT was owned by Colin Kaepernick.

Tom Brady and his NFT platform raised $170 million

The seven-time Super Bowl champion Tom Brady has invested in various business avenues. But a few months ago, he founded an NFT platform, Autograph, after receiving support from several athletes in the industry.

Being the brand ambassador himself, the company was able to grab the attention of several athletes from NFL and NBA fraternities. The company raised around $170 million from Silicon Valley’s top crypto investors in the second round of funding.

Apple’s Eddy Cue and FTX’s Sam Bankman-Fried are a few of the notable board members to run the organizations. It will be interesting to see how this company bears fruit in the upcoming years.

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