Eliud Kipchoge first set of NFTs fetch Sh4 million.

by Helvine Achieng
April 12, 2021

The auction of the first set of Eliud Kipchoge’s non-fungible tokens (NFTs) closed on Thursday night and was sold for a total of 17.9837 in Ethereum currency, equivalent to Sh4,020,842.69 ($37,351.07). Eliud Kipchoge is the first Kenyan professional athlete to launch his own set of NFTs.A non-fungible token (NFT) is a data unit on a digital ledger called a blockchain, where each NFT can represent a unique digital item.

The first set of the NFTs was backed by Momentible.io, which partnered with non-fungible tokens (NFTs) marketplace OpenSea to release Eliud Kipchoge’s digital trading cards featuring his career highlights.

The NFTs can represent digital files such as art, audio, videos, items in video games, and other forms of creative work. Eliud Kipchoge’s first two sets of NFTs included the digital representations of his career milestone on the Ethereum blockchain was digitally signed and officially approved by Eliud Kipchoge himself.

The auction for bidding Eliud Kipchoge’s NFTs ran for five days, and the first set of the NFTs was sold for 14.8837 in Ethereum currency, equivalent to Sh3,321,018.05 ($30,864.48). This set included Eliud Kipchoge’s 2019 digital representation when he became the first person on earth to run a full marathon under the magical 2-hour mark.

The second set of the NFTs was sold for 3.1 in Ethereum currency, equivalent to Sh691,663.56 ($6,428.10). The second set featured Eliud Kipchoge’s legendary moment when he crushed the old world record on the marathon, one of the oldest sports history competitions.NFTs can be bought and sold like any other piece of property.