First Official Manchester United Digital Collectibles Gifted to Fans by Tezos-powered Platform

Rhea-AI Summary

Manchester United has launched a new Web3 community powered by Tezos, introducing official digital collectibles for fans. The first collectible will be given away, with plans for future sales priced at £30, where 20% of proceeds will support the Manchester United Foundation. This initiative aims to educate and engage fans through blockchain technology. Tutorials and a dedicated Discord channel will enhance interaction, while subsequent drops of NFTs will celebrate the club's rich history. The digital collectibles are not regulated and may vary in value, emphasizing caution for potential buyers.

Positive

• Launch of a Web3 community and digital collectibles with fan engagement potential.
• First collectible gifted to fans, creating initial interest and excitement.
• 20% of proceeds from future sales directed to the Manchester United Foundation.
• Planned tutorials and community interactions to educate fans about blockchain and NFTs.

Negative

• Digital collectibles are not currently regulated by the Financial Conduct Authority.
• The value of digital collectibles is variable and may decrease.
• Potential tax liabilities on profits from sales, adding financial risk.

• Supporters Invited to Join a New Web3 Community Powered by Tezos, the Club’s Official Blockchain
• First Collectibles Drop to Be Gifted, With Additional Digital Collectibles Sold at a Later Date
• 20% of Proceeds From Subsequent Collection Will Be Donated to Manchester United Foundation

MANCHESTER, England--(BUSINESS WIRE)-- The first ever official Manchester United digital collectible will be gifted to fans by a Tezos-based platform as the Club launches a new Web3 community designed to educate, reward and unite its global fan base through digital and real-world experiences. This exciting initiative is powered by the Club’s official blockchain, Tezos, one of the world’s most advanced and sustainable blockchains.

These digital collectibles are a set of unique digital assets, commonly referred to as Non-Fungible Tokens, or NFTs. Ahead of their release, easy-to-follow tutorials featuring the Club’s Men’s and Women’s team will be shared on Club channels – part of an extensive suite of educational materials aimed at helping fans understand Web3 and how digital collectibles can benefit match-goers and international supporters alike. Web3 is the next iteration of the internet underpinned by blockchain technology that allows creators, publishers, and users to take ownership of their assets across the web – opening exciting new opportunities for engagement between fans and the Club.

Following Manchester United’s selection of Tezos as its official blockchain, this announcement represents the next step in developing compelling new fan experiences through Web3 technology. Fans who claim the gifted digital collectible from the Tezos platform will own a coveted piece of United history, joining the Club on its journey into Web3, with future plans for both gifted and purchasable NFTs to be released throughout the season.

Supporters will also be able to join the Club’s new virtual world via Manchester United’s official Discord – a social platform that allows communities to come together around their favourite topics. Members of this global community will be able to engage with the Club, players, legends and thousands of other like-minded fans. Fans who register interest at manutd.com/collectibles will be the first to receive an invitation and information on how to join United’s Discord community.

The official Discord channel is central to the Club’s mission to help fans navigate the exciting new Web3 space. Fans who claim a digital collectible from the Tezos platform will be able to unlock access to communities on Discord, where they can submit creative ideas for future digital collectibles and share matchdays together in the new, fan-led, virtual community.

A number of subsequent digital collectible drops will be available for purchase later in the season via the digital platform on the Tezos blockchain. These additional collections will each feature a different design, all taking inspiration from the Club’s history, with some unlocking further fan experiences. The first of these drops will be priced at £30 with 20% of proceeds going to Manchester United Foundation.

Manchester United’s CEO of Digital Products and Experiences, Phil Lynch, said:

“Much like the football traditions of old, such as collecting match programmes, club badges and sticker books, fans will soon have the additional option to collect this new type of digital memorabilia. The first digital collectible is being gifted to fans by a Tezos-powered platform, and with the support of Tezos Foundation we will join fans on their journey into this new world, with the club providing education and guidance along the way.”

“Having watched the Web3 space closely and consulted with fans for their views on how this unique virtual world should operate, we’ve worked with the Tezos ecosystem teams to apply these learnings and believe that the launch of Manchester United digital collectibles is different to others, providing the option of unique and enhanced engagement opportunities to our incredible fans.”

Mason Edwards, Chief Commercial Officer, Tezos Foundation, stated:

“Football means so much to so many people and Manchester United, not to mention its fans, are the titans in the sport. It is an honour to be part of the Club’s first step into Web3 through the creation of digital collectibles which the club and its followers will cherish for years to come. It takes an appreciation of football and the club's history, but also a blockchain that’s powerful, decentralised, resilient and scalable to do it. That's Tezos.”

* Some geographical restrictions apply. See manutd.com/collectibles more information.

ENDS

NOTES TO EDITORS

Manchester United’s officially licensed Digital Collectibles, powered by Tezos and brought to you by Tezos ecosystem companies, are a form of cryptoasset. The content associated with Manchester United Digital Collectibles is governed by terms and conditions which will be made available in due course. Manchester United Digital Collectibles have been issued as a collectible item and not an investment. However, it is important that you keep in mind that:

1. Manchester United Digital Collectibles are not currently regulated by the Financial Conduct Authority in the UK and are not covered by the Financial Ombudsman Service or the Financial Services Compensation Scheme; 
2. the value of Manchester United Digital Collectibles is variable and can go down as well as up; 
3. tax may be payable on any profits made on the sale of Manchester United Digital Collectibles; and 
4. for those Digital Collectibles which require purchase, the decision to purchase Manchester United Digital Collectibles requires careful thought and consideration. You should seek independent financial advice if you are in doubt. You should not purchase any cryptoassets if you do not fully understand the nature of your purchase and the risks involved.

About Manchester United

Manchester United is one of the most popular and successful sports teams in the world, playing one of the most popular spectator sports on Earth. Through our 144-year heritage we have won 66 trophies, enabling us to develop the world’s leading sports brand and a global community of 1.1 billion fans and followers. Our large, passionate community provides Manchester United with a worldwide platform to generate significant revenue from multiple sources, including sponsorship, merchandising, product licensing, new media & mobile, broadcasting and match day.

About Tezos

Tezos is smart money, redefining what it means to hold and exchange value in a digitally connected world. A self-upgradable and energy-efficient Proof of Stake blockchain with a proven track record, Tezos seamlessly adopts tomorrow's innovations without network disruptions today. For more information, please visit www.tezos.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221114005840/en/

Enquiries:

Kate Lowe

Manchester United

+44 (0) 7785 451 035

kate.lowe@manutd.co.uk

Source: Manchester United

FAQ

What is the recent announcement from Manchester United regarding digital collectibles?

Manchester United has launched a Web3 community with digital collectibles powered by Tezos, offering the first collectible for free and future sales.

What percentage of proceeds from Manchester United's NFT sales will be donated?

20% of proceeds from future NFT sales will be donated to the Manchester United Foundation.

How can fans participate in Manchester United's new digital community?

Fans can participate by claiming digital collectibles and joining Manchester United's official Discord channel.

Is Manchester United's digital collectible investment regulated?

No, the digital collectibles are not currently regulated by the Financial Conduct Authority in the UK.

What are the risks associated with purchasing Manchester United's digital collectibles?

The value of collectibles can fluctuate, and profits may be subject to taxes.