Golden Goals launches NFTs on Tezos, triggering new XTZ bull run

Non-fungible tokens are driving Ethereum’s rival Tezos to new highs. The smart contract platform’s native asset XTZ has gained 35% since the launch of a football-focused NFT product. 

Digital football collections on Golden Goals are driving XTZ price higher

Golden Goals is an NFT merchandiser platform that has partnered with FC Nantes, a French professional football club. 

Football fans can buy collectibles and interact with their favorite football teams through Golden Goals. FC Nantes’ supporters can now match certified NFTs to real-world objects like autographed jerseys on the platform. 

In order to buy collectibles on the non-fungible token platform, users have to create and use an XTZ wallet, and the merchandiser claims to have picked Tezos since it is an 

environmentally-friendly blockchain. 

In the first week of August, Tezos upgraded its platform, cutting block times to 50%. This development massively reduced the gas fees consumed by smart contracts on the network.

Since the upgrade, Tezos has become relevant in the crypto community as a competitor to Ethereum 2.0. The smart-contract platform currently runs on the Proof-of-stake consensus mechanism, which Ethereum aims to migrate to, eventually, following the merge. 

Tezos’ co-founder Kathleen Breitman recently stated in an interview: 

If it turns out that a lot of people who are attracted to NFTs and the arts in general, care a lot about the environment and Ethereum is not, maybe they will say, hey, why wouldn't we just do something that doesn't have bad environmental impacts? I think there's gonna be more of that as the space grows more pervasive.

Breitman’s remarks highlight how XTZ has positioned itself against competitors that are labeled as “Ethereum-killers” for their market share or dominance rather than technological expertise or focus on the environment. 

As the wider cryptocurrency market (Bitcoin, Ethereum and top 10 altcoins) takes a breather, Tezos is rallying. Supporting the Golden Goals NFT platform on its network has increased the transaction activity and demand for XTZ, fueling a bullish narrative for the altcoin. 

Pseudonymous cryptocurrency trader and analyst behind the Twitter handle @rektcapital has predicted that XTZ uptrend is likely to continue past its recent 60% gains.