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WWE® Drops John Cena NFTs Leading Into SummerSlam®

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WWE (NYSE: WWE) announced the launch of John Cena-inspired non-fungible tokens (NFTs) in conjunction with SummerSlam. The release includes a platinum tier auction featuring a unique NFT and various exclusive experiences for the highest bidder. The auction starts on August 20 and runs until the beginning of SummerSlam on August 21. In addition, a gold tier with 500 limited edition NFTs and merchandise curated by Cena will also drop. SummerSlam marks a historic event at Allegiant Stadium, headlining Cena vs. Roman Reigns.

Positive
  • Launch of NFTs expected to drive new revenue streams.
  • Exclusive auction offers high-value experiences, enhancing brand engagement.
  • Event held at an NFL stadium marks significant growth in WWE's market presence.
Negative
  • None.

WWE (NYSE: WWE) today announced it will create non-fungible-tokens (NFTs) inspired by WWE Superstar John Cena, along with never-before-sold memorabilia and experiences, just in time for SummerSlam.

WWE Drops John Cena NFTs Leading into SummerSlam (Photo: Business Wire)

WWE Drops John Cena NFTs Leading into SummerSlam (Photo: Business Wire)

The drop will feature a platinum tier auction that includes a one-of-one exclusive NFT. The NFTs will be presented in conjunction with Bitski and available at WWE.com/NFT. The platinum tier auction will be live for 24 hours, beginning at the start of SmackDown this Friday, August 20 at 8 pm ET through the start of SummerSlam on Saturday, August 21 at 8 pm ET.

The top bidder for the platinum tier will receive:

  • A one-of-a-kind NFT;
  • A once-in-a-lifetime experience for two at WrestleMania 38 in 2022 at AT&T Stadium in Dallas or WrestleMania 39 in 2023 at SoFi Stadium in Los Angeles, including two front row tickets, unprecedented VIP access and hotel accommodations;
  • A personalized WWE Championship Title Belt with the winner’s name engraved on the side plates;
  • John Cena’s “Dr. of Thuganomics” style chain from WrestleMania 35.

The gold tier will drop in time for SummerSlam this Saturday, August 21 and include 500 limited edition NFTs, along with a limited-edition merch box personally curated by Cena.

“The Summer of Cena will be capped off by a phenomenal main event at SummerSlam as well as an opportunity for the WWE Universe to own unique collectibles inspired by one of the biggest stars in Hollywood today,” said Scott Zanghellini, WWE Senior Vice President, Revenue Strategy & Development.

SummerSlam will take place from Allegiant Stadium in Las Vegas this Saturday, August 21, marking the first time it has been held at an NFL stadium. The event will be headlined by megastar John Cena vs. WWE Universal Champion Roman Reigns. SummerSlam will stream live at 8 pm ET/5 pm PT exclusively on Peacock in the United States and on WWE Network everywhere else.

About WWE

WWE, a publicly traded company (NYSE: WWE), is an integrated media organization and recognized leader in global entertainment. The Company consists of a portfolio of businesses that create and deliver original content 52 weeks a year to a global audience. WWE is committed to family-friendly entertainment on its television programming, pay-per-view, digital media and publishing platforms. WWE’s TV-PG programming can be seen in more than 900 million homes worldwide in 28 languages through world-class distribution partners including NBCUniversal, FOX Sports, BT Sport, Sony India and Rogers. The award-winning WWE Network includes all live pay-per-views, scheduled programming and a massive video-on-demand library and is currently available in more than 180 countries. In the United States, NBCUniversal’s streaming service, Peacock, is the exclusive home to WWE Network. The Company is headquartered in Stamford, Conn.

Additional information on WWE (NYSE: WWE) can be found at wwe.com and corporate.wwe.com.

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Forward-Looking Statements: This press release contains forward-looking statements pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995, which are subject to various risks and uncertainties. These risks and uncertainties include, without limitation, risks relating to: the impact of the COVID-19 outbreak on our business, results of operations and financial condition; entering, maintaining and renewing major distribution agreements; a rapidly evolving media landscape; WWE Network (including the risk that we are unable to attract, retain and renew subscribers); our need to continue to develop creative and entertaining programs and events; the possibility of a decline in the popularity of our brand of sports entertainment; the continued importance of key performers and the services of Vincent K. McMahon; possible adverse changes in the regulatory atmosphere and related private sector initiatives; the highly competitive, rapidly changing and increasingly fragmented nature of the markets in which we operate and greater financial resources or marketplace presence of many of our competitors; uncertainties associated with international markets including possible disruptions and reputational risks; our difficulty or inability to promote and conduct our live events and/or other businesses if we do not comply with applicable regulations; our dependence on our intellectual property rights, our need to protect those rights, and the risks of our infringement of others’ intellectual property rights; the complexity of our rights agreements across distribution mechanisms and geographical areas; potential substantial liability in the event of accidents or injuries occurring during our physically demanding events including without limitation, claims alleging traumatic brain injury; large public events as well as travel to and from such events; our feature film business; our expansion into new or complementary businesses and/or strategic investments; our computer systems and online operations; privacy norms and regulations; a possible decline in general economic conditions and disruption in financial markets; our accounts receivable; our indebtedness including our convertible notes; litigation; our potential failure to meet market expectations for our financial performance, which could adversely affect our stock; Vincent K. McMahon exercises control over our affairs, and his interests may conflict with the holders of our Class A common stock; a substantial number of shares are eligible for sale by the McMahons and the sale, or the perception of possible sales, of those shares could lower our stock price; and the volatility of our Class A common stock. In addition, our dividend is dependent on a number of factors, including, among other things, our liquidity and historical and projected cash flow, strategic plan (including alternative uses of capital), our financial results and condition, contractual and legal restrictions on the payment of dividends (including under our revolving credit facility), general economic and competitive conditions and such other factors as our Board of Directors may consider relevant. Forward-looking statements made by the Company speak only as of the date made and are subject to change without any obligation on the part of the Company to update or revise them. Undue reliance should not be placed on these statements. For more information about risks and uncertainties associated with the Company’s business, please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of the Company’s SEC filings, including, but not limited to, our annual report on Form 10-K and quarterly reports on Form 10-Q.

FAQ

What is WWE's NFT launch related to John Cena?

WWE announced the creation of NFTs inspired by John Cena, launching alongside SummerSlam.

When does the WWE NFT auction start and end?

The NFT auction starts on August 20 and runs until the beginning of SummerSlam on August 21.

What can bidders expect from the WWE NFT platinum tier auction?

The platinum tier auction includes a unique NFT and exclusive experiences at future WrestleMania events.

What is the significance of <i>SummerSlam</i> for WWE?

This year, SummerSlam is notable as it takes place at Allegiant Stadium, marking its first NFL venue.

How many limited edition NFTs will WWE release for SummerSlam?

WWE will release 500 limited edition NFTs as part of the gold tier drop.

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