FAQs
Purchasing a Token
After purchasing a token, you will receive a confirmation email to your connected email address. In order to see your collection of tokens, go to the “My Collection” tab located in the top navigation bar of the NextName website. You will be able to see all of your purchased tokens in the “My Collection” page. If they do not show, make sure you are signed into the same Google account you used when purchasing the tokens. It may take up to 24 hours for a purchased token to appear.
After connecting your Google account, you will need to create and link your Blocto wallet. The Blocto digital wallet is a third-party software that you can use to keep track of all your purchases from our site as well as digital collectibles you purchase from other sites. To create and link your wallet, click on “Link or create your wallet.” A verification code will be sent to the email attached to your Google account. Input that Blocto verification code. Click on “Verify Wallet” and approve it. Then click on “Configure Wallet” and approve that as well. This links your wallet to NextName. You are now ready to start purchasing tokens!
After purchasing a token, you will receive a confirmation email to your connected email address. In order to see your collection of tokens, go to the “My Collection” tab located in the top navigation bar of the NextName website. You will be able to see all of your purchased tokens in the “My Collection” page. If they do not show, make sure you are signed into the same Google account you used when purchasing the tokens. It may take up to 24 hours for a purchased token to appear.
When purchasing a token, you will be prompted to sign in with a Google account. You will need to connect an existing account or create a new one. You DO NOT need a Gmail address to create a new Google account. When creating a new account, fill in your first and last name. If you would like to use an email address that isn’t a Gmail account, then click on “Use my current email address instead.”
You can purchase TEAM TOKENS through their respective TEAM PAGE, which can be found through the dropdown navigation bar at the top of the page. You can view PLAYER TOKENS through their respective PLAYER PAGES as well as the featured sections on both the home page and the University pages. You also have the option of clicking “STORE” at the top of the page, inside of the navigation bar, to view a full list of all the tokens available. All team, player and event tokens will be shown in this store.
General Information
If you want to become a NextName athlete, please sign up here.
Players will receive seventy percent (70%) of the Net Sales of their respective team tokens. Each player’s prorated share of team tokens may vary depending upon when they join our platform. Players will also receive sixty percent (60%) of the Net Sales of player tokens that include their school branding and seventy percent (70%) of the Net Sales of tokens that do not include school branding. Players may also choose to share a portion of the Net Sales that they receive with a charity of their choice. The term “Net Sales” generally means the sales price less any transfer fees, blockchain expenses; returns, and third-party royalties. The school will receive a royalty based upon the Net Sales of any tokens that bear the school’s trademarks. The University of Illinois royalty rate is twelve percent 12%.
Go here to contact us about becoming a NextName Legend, or email us at ill-nft@beta.nextname.io
NIL Information
NIL refers to the rights of college athletes to monetize and profit from their personal brand, which consists of their Name, Image, and Likeness (NIL).
NCAA officially changed their NIL policies on July 1, 2021. This was not long after a unanimous decision by the Supreme Court to uphold the lower court’s decision that NCAA restrictions on “education-related benefits” for college athletes violated antitrust law.
College athletes no longer need to choose between pursuing their athletic dreams and making money. Although schools cannot be directly involved in creating opportunities for the athletes, the athletes are allowed to have agents to help setup various brand deals. NextName provides a platform for fans to show support to their favorite teams and players by purchasing digital collectibles.
NFTs and the Blockchain
A digital collectible (also known as a Non-Fungible Token) is a unique digital asset recorded on the blockchain to certify that it is authentic, not interchangeable, and to verify ownership.
The blockchain is a decentralized database that stores information in blocks across a global network of computers to prevent hacking. The data entered on the blockchain is immutable and viewable to anyone. NextName NFTs are minted on the Flow blockchain.