NBA unveils a new Web3 project

This week, the National Basketball Association (NBA) announced the launch of its own non-fungible token (NFT) initiative called “NBAxNFT.” The purpose is to exhibit “all things crossing basketball and Web3, including NFTs, gaming, and the metaverse,” according to the professional basketball league.

Professional Basketball and Web3 Collide

The NBA has launched NBAxNFT, which presently comprises of a Twitter account and a Discord channel, as a follow-up to the successful NBA Top Shot collection and the impending Golden State Warriors 2022 Playoff responsive NFT collection.

NBAxNFT is billed as the “official Web3 home of the NBA,” and it intends to merge all things basketball with NFTs, gaming, metaverse, and Web3 concepts.

The initiative’s official Twitter account says, “Thanks to all who have followed.” “We’re delighted to use this area to share all things NBA basketball and Web3 with you, if you’re new here.” I’m excited to work with our community and partners like NBA Top Shot.”

The NBA Top Shot NFT collection from Dapper Labs is now in ninth place in terms of all-time sales volume of NFT collections. Since the NFT’s debut, 16,006,548 copies of NBA Top Shot have been sold, equating to $885.6 million.

The NBA’s 2022 Playoff NFTs will be disclosed this weekend, according to the NBA’s freshly formed Discord channel, which now has over 35,000 members.

When the NBAxNFT Twitter account originally announced the Web3 program, it said, “We’re highlighting all things crossing basketball and web3, including NFTs, gaming, and the metaverse.”

The Golden State Warriors announced the launch of a 2022 Playoff responsive NFT collection

The NBA’s Golden State Warriors announced the release of a 2022 Playoff responsive NFT collection four days ago. Despite citing Dapper Labs in a tweet regarding collaborators, the NBA has not said whether or not the Flow blockchain or Dapper Labs will be participating as of press time. The NBA’s Discord channel has been buzzing with talk about the imminent NFT launch on Ethereum.


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