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The LFC Heroes Club collection will feature illustrations of 24 of the male squad, bringing their “individual and superhero characteristics to life”.

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Sotheby’s auction house has partnered with the football club to help create the project, which will be available to purchase during a three-day online sale from 30 March to 1 April.

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Fans will have the opportunity to own a unique randomly generated Hero Edition NFT, with the exact image revealed once the sale comes to an end to mirror the anticipation created when opening a pack of football cards. These will be priced at $75 (£56).

The sale will also support the Liverpool FC official charity, the LFC Foundation, with half of the club’s proceeds from the Legendary collection auction going towards its charitable and community projects.

An additional 10% from the club’s limited edition Hero sale and 10% of all future resale royalties will also go to the LFC Foundation.

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The charity is also creating its own LFC Foundation Heroes NFTs to celebrate the contributions made by the staff members to the community.

LFC have said that by owning one of their NFTs, supporters can also join its fan community, with access to an LFC community forum, experiences, virtual hang-outs, competitions, LFC retail discounts.

The club added that the three-day sale will be run and be managed on an energy-efficient blockchain called Polygon as part of their sustainability initiative The Red Way.

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Drew Crisp, senior vice president of digital at Liverpool FC, said: “The LFC Heroes Club drop is a first-of-its-kind initiative, which seeks to bring a new, exciting and innovative way for supporters around the world to engage with the club.

“We always strive to adopt new emerging technology for the benefit of fans and club, while also being very conscious of our impact on the environment.

“This is why we have chosen to work with Sotheby’s due to its capability to create NFTs on an energy efficient blockchain.

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“We wanted to create a really accessible collection of NFTs that are truly unique to LFC, and simply give fans an opportunity to explore this new and trending topic, and most importantly, give fans the choice to buy one should they wish.”

He added that this is a “great chance” for the club to offer fans “something truly special” while also giving back to their LFC Foundation.

Sebastian Fahey, Sotheby’s managing director for EMEA and executive lead for Sotheby’s Metaverse, added: “To collaborate with Liverpool Football Club, one of the most successful and storied football clubs in the world, for this first-of-its-kind NFT collection marks a turning point in how NFTs can be used to engage fan communities with tailored releases and unique concepts specially designed for their supporters.

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“Together we have created a new digital art collection, which celebrates LFC heroes and leverages our web3 technology to enable the club’s passionate and global supporter group to be a part of this exciting initiative for the long-term.”

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The LFC Heroes Club NFT collection will go on sale during a three-day auction from 30 March to 1 April at Sotheby’s online metaverse.

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The dream of clubs like Liverpool is to monetise their global fanbase. They have never worked out a way that fully exploits the numbers of people across the world who declare they are supporters of the club. NFTs are the latest attempt to squeeze cash out of these fans.

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It will not work. At least in the long term. The reputational damage caused by this endeavour to make money for nothing will linger around Anfield long after the phrase non-fungible tokens has been forgotten.

The LFC Heroes Club is a series of digital art works that will be sold by the auction house Sotheby’s over a three-day period starting on Wednesday. The bidding ceases on April Fool’s Day. The timing could not be more appropriate.

Non-fungible refers to something that is unique and cannot be replaced by anything else. The thirst for income displayed by Fenway Sports Group is anything but special, but the timing and scale of this “drop” is bewildering. Liverpool’s American owners should know better by now.

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Plenty of people have warned them that this moneymaking scheme is at odds with the ethos that the club likes to project. They have put collectables over collectivism.

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NFT’s are part of the crypto boom. The industry is largely unregulated, which makes it very dangerous for the unwary. Liverpool are at pains to say that the rather cliched and simplistic illustrations should not be considered investments. The reality of an auction of limited-edition items is at odds with such advice. For the “Legendary” category of 24 one-off cartoons of players dressed as superheroes, bidding starts at $100 (£75). The club have indicated that 10 per cent of any future resale royalties will go to the LFC Foundation charity. Pre-sale talk about sell-on rules subtly encourages the idea that values are going to climb.

As does the slightest knowledge of the NFT market. Despite buyers not owning the copyright to any image – all that is being purchased is a piece of data in a blockchain digital storage area and the illustration is attached to that – the trade in NFTs

Liverpool Football Club Launch Their First Nft Digital Art Collection

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