Mudryk Returns as Sports Tokenization Faces Credibility Test

Chelsea's Mykhailo Mudryk has returned to play after serving a 615-day provisional suspension for testing positive for meldonium, a banned substance.

Mudryk, 25, received clearance from the Football Association on July 31 and will participate in pre-season training this August.

The Ukrainian winger initially faced a maximum four-year ban but negotiations with the FA and the Court of Arbitration for Sport reduced the punishment to time already served.

This case highlights the risks of athlete-linked NFTs, where the floor price is essentially a leveraged bet on the player's continued relevance and reputation.