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Major League Baseball will enter the Non-Fungible Token (NFT) market by releasing a series of digital collectable memorabilia. The first being a 1-of-one NFT of Lou Gehrig’s iconic “Luckiest Man” speech, jumping way back in time to 4 July, 1939.

The launch date for the Lou Gehrig NFT will coincide with the anniversary of his 4 July 1939 farewell speech, that the Yankees legend delivered to the baseball world upon learning of his ALS (Amyotrophic Lateral Sclerosis) diagnosis. According to a press release, the proceeds from the sale of the NFT will go to ALS charities.

Gehrig was diagnosed with ALS in June 1939 and, a little over a month later, at The Yankee Stadium, delivered one of the most famous speeches in sports history.

“From trading cards to autographed balls, baseball fans have demonstrated their passion for the sport and its players through collectibles for decades,” said Robert D. Manfred, Jr., Commissioner of Baseball.

Adding that: “We’re delivering an exciting new addition to the robust baseball collectible market.”

Sports NFTs have been on the top of the NFT list, raking in hundreds of millions of dollars.

There’s no doubt MBL will be banking on many more NFTs. From memorabilia-style NFTs, to baseball card-style NFTs, and more – the options are endless.

Andrew is a law student currently studying at UNISA, and Global Crypto's in-house reporter. Andrew discovered blockchain in his final year of school and since developed a keen interest in the subject. He appreciates a good cup of coffee. When he is not too busy with work or studies, he enjoys playing a good round of golf.