System and method for online marketplace for exchanging nil digital assets and donations

A system for providing an online marketplace that facilitates exchange of digital assets from student athletes for donations, the system comprising:

• at least one memory storing instructions;
• and
• one or more processors coupled to the at least one memory, the one or more processors configured to execute the instructions to cause the one or more processors to:
• receive donation information from a first user associated with an online marketplace platform, the donation information indicating a payment source, a payment amount, and a designation of a second user associated with the online marketplace platform as a recipient, the second user comprising a student athlete;
• retrieve the payment amount from the payment source;
• increase an account value of an account corresponding to the second user by at least a portion of the payment amount;
• generate a digital asset that includes a name of the second user, an image of the second user, a likeness of the second user, or a combination thereof;
• and
• send the digital asset to the first user based on retrieval of the payment amount.

A computer-readable storage device storing instructions that, when executed by one or more processors, cause the one or more processors to perform operations for providing an online marketplace that facilitates exchange of digital assets from student athletes for donations, the operations comprising:

• receiving donation information from a first user associated with an online marketplace platform, the donation information indicating a payment source, a payment amount, and a designation of a second user associated with the online marketplace platform as a recipient, the second user comprising a student athlete;
• retrieving the payment amount from the payment source;
• increasing an account value of an account corresponding to the second user by at least a portion of the payment amount;
• generating a digital asset that includes a name of the second user, an image of the second user, a likeness of the second user, or a combination thereof;
• and
• sending the digital asset to the first user based on retrieval of the payment amount.