Nifty News: FTX and Wildcats' basketball NFTs, WeMeta’s $1.1M funding, Zed Ru...
University of Kentucky basketball players will get paid by FTX, Drue Kataoka to fight racism with NFT auction, WeMeta lands a $1.1M investment, and NFT racehorse game collaborates with new Netflix movie. FTX's latest sports sponsorshipThe University of Kentucky has entered into a sponsorship agreement with FTX.US for the men’s Wildcats basketball team to act as brand ambassadors.Players will receive a monthly USD stipend from FTX.US paid in FTX debit cards and will also be able to create their own NFTs on the FTX NFT platform and keep a portion of the revenue.University of Kentucky Men's....
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The floor price of Lana Rhoades NFT project has dropped 96.1% while a 24/7 Solana NFT vending machine was officially launched in New York this week. An anonymous nonfungible token (NFT) collector spent 204 Ether (ETH) worth roughly $488,800 (at the time of writing, considerably more when it occurred) on gas fees to mint 1,000 Tubby Cats NFTs.In total, the Tubby Cats enthusiast clearly had some capital to burn as they spent more than $720,000 on minting the NFTs including gas fees, according to the Etherscan transaction history. Following the mint of 1000 NFTs, and with Tubby Cats invading....
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
Following the popular collection NBA Top Shot and the upcoming Golden State Warriors 2022 Playoff responsive NFT collection, the NBA has started NBAxNFT, which currently consists of a Twitter account and....
Australian basketball media company, Basketball Forever is using NFTs to massively increase fan engagement. Australian media company Basketball Forever has announced an NFT project titled Hoop Hounds which seeks to increase NBA fan engagement and provide substantial real-world utility for the tokens. Critics of NFTs have consistently taken aim at the supposed ineffectual nature of the tokens, with “right click save” memes doing the rounds. However, more recently there has been an uptick in utility-focused NFT projects, such as Bored Ape Yacht Club and Top Shot, where holders are provided....
MyNFT marketplace’s new NFT vending machine aims to make digital art more accessible at a London in-person event. In this week’s newsletter, read about how NBA superstar Stephen Curry filed a trademark application for his own metaverse, the Curryverse, where users play-to-earn nonfungible tokens (NFTs). Check out why TV streaming providers should start to incorporate NFTs into their programming. In other news, find out how an NFT vending machine made digital art more accessible at a London event. Last but not least, Nifty News highlighted NFT markets that are scrapping royalties and the....
Magic Johnson unveiled a new NFT line this week. Sport and NFTs continue to challenge the limits of technology, with American franchises at the forefront of the trend into the virtual domain. The legendary basketball player is the most recent athlete to enter the digital art market with the release of “The anthology: Magic Johnson” […]