Fun

NBA Launches Initiative Dedicated to Web3, Metaverse, and NFT Collectibles

News Feed - 2022-04-17 04:04:16

NBA Launches Initiative Dedicated to Web3, Metaverse, and NFT Collectibles


This week, the National Basketball Association (NBA) announced the launch of its own non-fungible token (NFT) initiative called “NBAxNFT.” According to the professional basketball league, the goal is to showcase “all things intersecting basketball and Web3, including NFTs, gaming, and the metaverse.” Professional Basketball and Web3 Collide Following the popular collection NBA Top Shot and the upcoming Golden State Warriors 2022 Playoff responsive NFT collection, the NBA has started NBAxNFT, which currently consists of a Twitter account and Discord channel. NBAxNFT is being called the “official Web3 home for the NBA,” and the project aims to combine all things basketball with NFTs, gaming, metaverse, and Web3 ideas. “Thanks to all who have followed,” the initiative’s official Twitter account explains. “If you’re new here, we’re excited to use this space to share all things NBA basketball and Web3. Looking forward to engaging with our community and partners like NBA Top Shot.” In terms of all-time sales of NFT collections, the Dapper Labs’ NBA Top Shot NFT collection holds the ninth position, in terms of all-time sales volume. To date, NBA Top Shot has seen an aggregate of 16,006,548 sales which equates to $885.6 million since the NFT’s inception. The recently launched Discord channel has more than 35,000 members at the time of writing and according to the NBA, 2022 Playoff NFTs will be released this weekend. “We’re showcasing all things intersecting basketball and web3, including NFTs, gaming, and the metaverse,” the NBAxNFT Twitter account detailed when it first launched the Web3 initiative. Four days ago, the NBA’s Golden State Warriors announced the launch of a 2022 Playoff responsive NFT collection. At press time, it has not been disclosed by the NBA whether or not Dapper Labs or the Flow blockchain will be involved, despite mentioning the company in a tweet about partners. Discussions stemming from the NBA’s Discord channel hint at the upcoming NFT drop being issued on Ethereum. Tags in this story Dapper Labs, Digital Collectibles, Ethereum, Ethereum (ETH), Flow blockchain, Golden State Warriors, Metaverse, NBA, NBA Metaverse, NBA NFT, NBA Top Shot, NBA Web3, NBA’s Discord channel, NBAxNFT, nft, NFTs, NFTs and NBA, Non-fungible Token, Playoffs, Professional Basketball, Web3


What do you think about the NBA jumping into creating a space for Web3, NFT, and metaverse content? Let us know what you think about this subject in the comments section below. Jamie Redman


Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Alleged Hydra Administrator Dmitry Pavlov Reportedly Arrested In Russia NEWS | 2 hours ago ETH Mixer Tornado Cash Reveals Blocking OFAC Sanctioned Ethereum Addresses via Chainalysis Oracle Contract NEWS | 6 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleETH Mixer Tornado Cash Reveals Blocking OFAC Sanctioned Ethereum Addresses via Chainalysis Oracle Contract Next articleAlleged Hydra Administrator Dmitry Pavlov Reportedly Arrested In Russia Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItPolygon Announces Zero-Knowledge Identity Platform for Web3


On March 29, Polygon, the layer two (L2) scaling solution that runs parallel with the Ethereum blockchain, has announced a new identity platform called Polygon ID. While the protocol is is still under development, Polygon ID is powered by zero-knowledge ... read more.19 Million Bitcoin Have Been Mined Into Circulation, 2 Million Left to Be Found US Senator Cruz Introduces Bill to Prevent Federal Reserve From Using Digital Currency as Surveillance Tool Bandai Namco Announces Gundam Themed Metaverse Study: 10% Growth in Crypto Market Cap Reduces Value of African Firms by 0.76%

News Feed

Ethereum underperforms Bitcoin, but is the ETH/BTC pair ripe for a turnaround?
Rakesh Upadhyay6 hours agoEthereum underperforms Bitcoin, but is the ETH/BTC pair ripe for a turnaround?Ether has been underperforming Bitcoin for several months, but that may be about to end.1547 Total views7 Total shar
Bitcoin, Ethereum Technical Analysis: BTC Falls Below $24,000 Ahead of US Consumer Sentiment Data
Bitcoin, Ethereum Technical Analysis: BTC Falls Below $24,000 Ahead of US Consumer Sentiment Data Bitcoin fell back below $24,000 on Feb. 24, as markets anticipated the release of
DOJ-Appointed US Trustee Objects to Subpoena Request in FTX Bankruptcy Case
DOJ-Appointed US Trustee Objects to Subpoena Request in FTX Bankruptcy Case Following a request from FTX lawyers to subpoena FTX co-founder Sam Bankman-Fried (SBF) and members of h
Bitcoin price sheds 3% as $6B leaves Mt. Gox cold wallet
William Suberg30 minutes agoBitcoin price sheds 3% as $6B leaves Mt. Gox cold walletMt. Gox appears to be shifting funds from cold storage in preparation for distribution to creditors, with nearly 100,000 BTC in outflows
Tom Mitchelhill18 hours agoCoinbase app is ‘broken’ for UX, admits CEO Brian ArmstrongBrian Armstrong said the next two weeks will see a series of rapid updates on the biggest pain points for Coinbase app users.4587
Nigerian Inflation Rate Rises to 20.52% in August — Month-on-Month Rate Drops
Nigerian Inflation Rate Rises to 20.52% in August — Month-on-Month Rate Drops While Nigeria’s year-on-year inflation rose for the seventh straight month to 20.52% in Augus
DAObet’s Game of Stakes Will Reward 500,000 BET to 3 Top Validators
TwitterFacebookLinkedInReddit Developers of what could someday be described as the go-to platform for decentralized
Augmented Reality Firm Nextech AR Joins the Bitcoin Treasuries Bandwagon, Buys $2 Million BTC
Augmented Reality Firm Nextech AR Joins the Bitcoin Treasuries Bandwagon, Buys $2 Million BTC On the heels of the Canadian company Mogo purchasing bitcoin for tr
XRP Price Battles Key Hurdles: Can Bulls Prevail?
Este artículo también está disponible en español. XRP price corrected some losses and climbed above the $2.25 zone. The price is now struggling to clear the $2.350 resist
Solana Approaches Make-or-Break Level As Technicals And Fundamentals Align – Analyst
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Cyber Criminals Are Now Hiding Their Stolen Cryptos 13x Faster, Says Report
Cyber Criminals Are Now Hiding Their Stolen Cryptos 13x Faster, Says Report A new report unveiled a growing trend of efforts from cybercriminals hiding their sto
Kazakhstan Imposes Purchase Limits on Retail Crypto Investors
Kazakhstan Imposes Purchase Limits on Retail Crypto Investors Authorities in Kazakhstan have introduced restrictions on the amounts of cryptocurrency retail investors can buy on lo