By
Godfrey Benjamin
April 26th, 2024
The NFTs were minted on the Ethereum blockchain and are based on physical works of art by Swiss artist Daniela Filippelli.
Zurich-based investment bank Credit Suisse has partnered with the Swiss Football Association to launch an Ethereum-based NFT collection. The collection, whose purpose is to fund women’s football in Switzerland, comprises 756 pieces. According to a release on the Credit Suisse website, “100% of net proceeds go to the women’s senior national team players as well as to selected projects to support talented young female footballers.”
The collection is made up of portraits of players from the Swiss women’s national football team and is scheduled to be on sale from July 11 to August 31. The NFTs will only be available for purchase via Credit Suisse’s CSX application.
“When we designed the offering, we consciously attempted to make it easy for the user to engage in the evolving NFT world,” Daniel Gorrera, head of digital assets Switzerland at Credit Suisse is quoted by The Block. “This project also paves the way for the innovative use of digital assets in new types of financing and servicing models. Within this space, Credit Suisse is well positioned for issuing parties that are looking for regulated partners.”
Sandra Caviezel, head of partnerships and sponsorship at Credit Suisse stated:
“These funds will on the one hand provide direct support to the women’s national team and on the other hand will be used for girls’ football projects and are thus earmarked for the promotion of young talent.”
The collection is divided into three tiers, ranging in cost from 150 to 10,000 Swiss francs ($165 to $11,000). The tiers include “unique” (1 NFT per player), “rare” (5 different NFTs per player), and “limited” (30 different NFTs per player). Going by this, the “unique” NFT collection will have a total of 11 NFTs, one for each of the main 11 national team players. NFTs in this category are currently listed at 10,000 Swiss francs (about $11,165) each. The “rare” collection comprises 55 pieces, each listed at 3,500 Swiss francs while the “limited” collection is made up of 690 pieces, each listed at 150 Swiss francs.
The NFTs were minted on the Ethereum blockchain and are based on physical works of art by Swiss artist Daniela Filippelli. According to Credit Suisse, fans looking to buy the NFTs will not need an external wallet or crypto. Purchases will be made using the bank’s CSX app, which will store the tokens. Payment will only be accepted in Swiss francs via a direct account debit.
NFT holders will also gain access to added benefits such as physical artwork, autographed team jerseys, and passes to exclusive team events depending on the tier.