The NBA’s Cleveland Cavaliers Add NFTs To Public Art Engagement Program
NFT engagement is becoming increasingly popular with basketball teams in the NBA. In the mainstream spotlight, it all started with the boom of NBA Top Shot. However, it quickly spread to team-specific initiatives, including the Golden State Warriors and the Milwaukee Bucks. The Cleveland Cavaliers are the latest NBA team to get involved. Cavaliers Contemporary […]
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Following the announcement from the National Basketball Association’s (NBA) Boston Celtics, the Cleveland Cavaliers has officially partnered with the blockchain firm Socios.com. The partnership is aimed at increasing the Socios brand and awareness via the Cavaliers’ global asset platform. Socios Partners With the Cavs On July 26, Socios.com and the NBA team, the Cleveland Cavaliers, revealed a new partnership. The Socios company is a blockchain project that allows fans to become “superfans” by letting them influence “club-specific decisions, trade digital....
“This is the start of an exciting partnership that we believe can eventually lead to greatly enhanced fan engagement for fans of the Cavaliers around the world,” said Socios and Chiliz CEO Alexandre Dreyfus. Socios, the blockchain-based platform which has tokenized many sports franchises worldwide, has partnered with the National Basketball Association’s Cleveland Cavaliers.In a Monday announcement from blockchain-based sports platform Chiliz, Socios said its logo will be prominently featured on Cavaliers’ team jerseys for the upcoming season, scheduled to begin later this year. The....
The NBA hasn’t shied away from crypto engagement. The league was the first professional sports body to release mainstream NFTs to market via Dapper Labs’ Top Shot product. As the league is on the heels of it’s 75th anniversary, forward-thinking innovative deals look to secure the NBA’s success for another 75 – and then some. […]
Eight businesses in Cleveland, Ohio are apparently coming together to form what has been called 'Bitcoin Boulevard'. The term, which hasn't seen its first use in this circumstance describes a vicinity in which a number of merchants within close proximity accept digital currency payments. In this case, the businesses involved are said to be: Sweetie Fry, Mitchell's Fine Chocolates, Shawn Paul Salon, The Tavern Company, Revive, Parnell's Pub, The BottleHouse, and The Katz Club Diner. This information comes from Cleveland Heights-based Nikhil Chand, who works as bitcoin consultant in the....
A look at the many ways in which nonfungible tokens are being utilized to increase fan engagement in the sports sector. Nonfungible tokens (NFTs) have grown a lot in popularity since the release of CryptoKitties in 2017, with the sector expected to move over $800 billion in the next two years. Some of the most well-known use cases for NFTs are picture-for-proof projects such as the Bored Ape Yacht Club and play-to-earn gaming projects. NFTs have also attracted attention from the sports industry, with professional sports leagues setting up their own platforms for fans to engage with their....