Thomas Ceccon Reveals World Record NFT from 2022 World Championships

World Record breaking swimmers Kristof Milak and Thomas Ceccon received their custom-minted NFTs, a physical print of the artwork from those NFTs, and their $50,000 checks on Saturday to conclude the swimming portion of the 2022 World Aquatics Championships on Saturday.

It does not appear that NFTs were awarded to the Australian mixed 400 free relay that also broke a World Record.

In the week leading up to the meet, FINA announced that in addition to the $50,000 prize money rewards, they would mint NFTs and transfer them to World Record breakers. The digital artwork for the NFTs were created by local Budapest-based artist Krizbo, who is not an NFT artist specifically, and minted by FINA.

Athletes also received signed prints of the digital artwork attached to the NFTs.

The above Tweet shows both Milak and Ceccon with their NFTs. Ceccon has sent SwimSwam a closer picture of his artwork, which includes the colors of the Hungarian flag (red, white, and green), plus two of the Budapest’s iconic buildings: the Hungarian Parliament building, and the Fisherman’s Bastion. The two artworks are very similar, except that the athlete who broke the record is featured in each, posed after the race. A mustachioed Ceccon points to the crowd in his edition, while the hometown Milak sits more passively and gazes high in his artwork.

Thomas Ceccon‘s NFT for breaking the 100 backstroke World Record at the 2022 FINA World Aquatics Championships. (click to enlarge)

NFTs are a relatively-new financial security developed in 2014 based on blockchain technology, the same technology behind cryptocurrencies like Bitcoin. Ethereum is currently the most widely-used crypto-currency technology in the NFT sphere. NFTs typically take the form of digital art, though they can be employed in other files too, like music, video game ‘assets,’ or film. While NFTs do not necessarily purvey copyright ownership to individuals who buy them, ownership to the digital file is unique and can be traced. What makes them different from the cryptocurrency that uses the same blockchain technology is that an NFTs’ value is largely based on the digital file or artwork it is connected to – compared to cryptocurrencies, where each Bitcoin, for example, is worth the same amount. That varying value between assets is what makes NFTs “non-fungible.”

Global cryptomarkets have been in a freefall, losing about two-thirds of its value (about $2 trillion in total value) since peaking in November 2021. While NFTs have not taken as big of a hit as compared to cryptocurrencies, this week has seen NFT markets begin to react to broader economic factors as well. A Bloomberg NFT Index that tracks the performance of NFTs fell 23% the week before the start of the championships, and the famous Bored Ape Yacht Club NFTs fell by 25%.

Ceccon broke his World Record in the 100 backstroke, where his 51.60 broke Ryan Murphy’s prior record of 51.85 by a quarter of a second (read more here). Milak swam 1:50.34 in the 200 butterfly, which broke his own World Record of 1:50.73 (read more here).

Milak’s photograph from the ceremony, courtesy: Fabio Cetti

Kristof Milak receive NFT for WR
courtesy of Fabio Cetti

 

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Jessie
1 month ago

NFTs are stupid.

G L
Reply to  Jessie
1 month ago

they are worth every cent you are willing to spend on them ……….. hahaha

2Fat4Speed
1 month ago

Dang, they did him dirty. Makes him look like a middle aged out of shape lap swimmer.

Sub13
1 month ago

Do relays get WR money or is that only individuals?

Joel
1 month ago

Did they specify that only individual World record holders would receive these?

Retired Swimmer
1 month ago

“NFTs are a relatively-new financial security”

NFTs are speculative financial products – NOT securities. Through theft, price manipulation, and mania NFTs are not really “secure” in the slightest much less fall under the definition of a true financial security.

Last edited 1 month ago by Retired Swimmer
Khachaturian
1 month ago

these actually look pretty cool! Hate the NFT part of it though

Allanjurovich
1 month ago

Maybe FINA should focus on swimming rather than Web 3.0

CasualSwimmer
Reply to  Allanjurovich
1 month ago

Next World champs gonna be in the metaverse, no cap

Steve Nolan
Reply to  CasualSwimmer
1 month ago

No nono, that’s the next ISL season.

Emg1986
Reply to  CasualSwimmer
1 month ago

Prize money given in crypto, everyone will be breaking world records so they can cash out before it’s worthless.

Swambeforenotagain
Reply to  CasualSwimmer
1 month ago

Yeah no one’s going to wear a cap bc we are in the metaverse

About Braden Keith

Braden Keith

Braden Keith is the Editor-in-Chief and a co-founder/co-owner of SwimSwam.com. He first got his feet wet by building The Swimmers' Circle beginning in January 2010, and now comes to SwimSwam to use that experience and help build a new leader in the sport of swimming. Aside from his life on the InterWet, …

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