NBA Launches Initiative Dedicated to Web3, Metaverse, and NFT Collectibles – Bitcoin News

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

• After the success of the NBA Top Shot, and the new responsive NFT collection for the Golden State Warriors 2022 Playoff, the NBA officially began NBAxNFTThe current version of the channel consists of both a Discord channel and a Twitter account.
• 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.
• Discord has over 35,000 members as of the writing, and the NBA says that 2022 Playoff NFTs are due to be published this weekend.
• “We’re showcasing all things intersecting basketball and web3, including NFTs, gaming, and the metaverse,” the NBAxNFT Twitter account detailedWhen it launched Web3 for the first time.

• Four days ago, the NBA’s Golden State Warriors announced the launch of a 2022 Playoff responsive NFT collection.
• The NBA has yet to disclose whether Dapper Labs and the Flow Blockchain will participate, despite mentioning it in a tweet regarding partners. Discussions stemming from the NBA’s Discord channel hint at the upcoming NFT drop being issued on Ethereum.

How do you feel about the NBA creating an area for Web3, NFT and metaverse content. Comment below and let us know how you feel about the subject.

Jamie Redman

Jamie Redman is the News Lead for Bitcoin.com News. He also lives in Florida and works as a journalist covering financial technology. Redman joined the cryptocurrency community in 2011 and has been an active member ever since. Since 2011, Redman has been an active member of the cryptocurrency community. Redman is a prolific writer for Bitcoin.com News, with over 5,000 articles on disruptive protocols.