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

18 Apr 2022 By : Coin Gabbar
NBA Launches Initiat

Around 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.”

Following the popular collection NBA Top Shot and the upcoming Golden State Warriors2022 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 initiative aims to combine all things basketball with NFTs, gaming, Metaverse, and Web3 ideas.

“Thanks to all who have followed,” the team’s official Twitter account prompts. “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 NFTcollection sales volume, the Dapper Labs' NBA Top Shot NFT collection ranks ninth all-time. Since the NFT's debut, NBA Top Shot has sold a total of16,006,548 portions for a total of $885.6 million.

The inherently launched Discord channel has more than 35,000 members at the time of publishing and according to the NBA, 2022 Playoff NFTs will be released this weekend.

“We’re showcasing all things combining basketball and web3, includingNFTs, gaming, and the metaverse,” the NBAxNFT Twitter account detailed when it first launched the Web3 initiative.