Briefly
- Basketball-based digital collectibles are becoming increasingly popular.
- Bleacher Report releases NFTs in association with NBA All Star Weekend.
This is the beginning of the NBA All Star Weekend. And if you can not experience the excitement in the spectator-less, quiet arena, you can at least cuddle near a digital representation of a basketball.
Bleacher Report (B / R), one of the most popular sports news sites in the world, is working on the NFT games. In association with the NBA All Star Weekend, auction B / R digital basketball set up by four prominent hip-hop artists: 2 Chainz, Jack Harlow, Lil Baby and Quavo.
Each artist’s basketball has a unique design – Jack Harlow’s has a curly hair shark, Quavos’s turn a dollar bill into a brilliant bird, and 2 Chainz’s ball shows angels who … well … two chains.
Ten gold issues of each NFT basketball auctioned NFT brand OpenSea from Friday night at 5pm Eastern, with a new ball being auctioned every 30 minutes. Successful bidders receive a matching set of digital collectibles and a physical ball.
If you do not need the right basketball and prefer that your collectibles only come in a digital format that your friends and family will have and say, “What?” you can buy the Silver Edition NFTs. There are 150 of each rapper’s digital basketball, offered for sale Saturday at 12 p.m. Eastern for 0.4 ETH ($ 610). Each is available on a first-come-first-served basis, but can be resold. It’s unclear how much goes to the artist and B / R, but OpenSea usually takes 2.5% of each sale.
Non-fungible characters, which almost roll off the tongue like a Steph Curry essay rolls off the fingers, is a kind of digital collectible whose authenticity and ownership via a blockchain. Owners can sell it just as they would other sports memorabilia.
They’ve exploded in popularity over the past few weeks, with musical artists like Kings of Leon releasing an album in the format, someone burning and selling a piece of art by street artist Banksy. that video, and even Paris Hilton popping up to chat about it in the audio-only social networking clubhouse.
But the NFT market for professional basketball collectibles dominates. NBA Top Shot, which creates digital trading charts with ESPN ready-to-highlight videos, was responsible for $ 225 million in trading volume in February. Mark Cuban, owner of the Dallas Mavericks, is a big, big fan.
NBA Top Shot will also bring in more money. Instead of an actual Rising Stars match, with rookie and sophomore, Top Shot teamed up with the league to release NFT trading cards from the players who made the rankings.
The NBA: Sometimes it’s more than just a game.