Party Poker to commemorate ‘iconic’ occasions with NFT debut

Party Poker to commemorate ‘iconic’ occasions with NFT debut

Party Poker has developed the industry’s first official non-fungible token to offer “exciting moments” to the poker community and enhance its client experience. 

Party Poker NFTs

The company’s NFTs will feature some of the “most famous moments, and tournament hands” in partypoker and partypoker Live history, as well as PokerApes, a series of photos with a partypoker twist that incorporates 3D artwork and features.

The NFTs were developed to collaborate with Theta Labs, a blockchain-based company specializing in distributed video distribution. Theta underpins the NFT and Metaverse systems, providing end-to-end infrastructure for decentralized video. Players will access available NFTs from an online poker platform for the first time, thanks to the collaboration with Theta Labs. The partypoker marketplace will offer both prior sales of new NFTs and a secondary market for NFT trading.

NFTs will be built for the group’s brands, beginning with partypoker. Entain technologists will collaborate with Theta to expand the technology’s use in video streaming, metaverse, and games, among other applications. Theta was one of the first partners to collaborate with Entain’s Ennovate, a London-based innovation hub. Innovate will spend up to £100 million on technological projects, many of which will involve the UK and international partners, with approximately £40 million targeted for the UK mainly.

Quotes from the Press Release

Vadim Soloveychik, partypoker’s director, explained: “partypoker’s history spans two decades and is replete with outstanding hands and epic poker moments that occurred during our live and online events.

“Through our cooperation with Theta, we are delighted to offer players the opportunity to own a piece of poker history. I’m ecstatic that partypoker has decided to enter the NFT arena.”

“This is an exciting, new worldwide cooperation,” Theta Labs CEO Mitch Liu remarked. For the first time, we’re licensing our integrated white-label NFT platform to one of the world’s top sports betting, gaming, and interactive entertainment conglomerates, and we couldn’t have chosen better partners in partypoker and Entain Group.

“Being integrated into the partypoker application allows a seamless and interesting NFT user experience for customers, powered by Theta Network, Theta edge nodes for video NFT support, and TFUEL for transactions.”

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About Lou De Aguila

Lou Ramon Aguila is a contributor for Golden Casino News. He has a degree in BSBA Legal Management with great interest in high-profile legal cases involving sports personalities. An ultimate sports junkie, he covers just about everything in the sporting world with an emphasis on the NBA, NFL, and MLB. In his past time, Lou loves to read manga, watch anime and critique pro-wrestling matches.