NBA Launches Initiative Dedicated To Web3, Metaverse And NFT Collectibles BlockBlog

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 “everything that intersects basketball and Web3, including NFTs, games, and the metaverse.”

Professional Basketball and Web3 Collide

  • After the popular NBA Top Shot collection and the upcoming Golden State Warriors 2022 Playoff reactive NFT collection, the NBA has begun NBAxNFTwhich currently consists of a Twitter account and Discord Channel.
  • NBAxNFT is called the “Official Web3 Home of the NBA,” and the project aims to combine everything basketball-related with NFTs, games, the metaverse, and Web3 ideas.
  • “Thank you to everyone who followed”, official Twitter account of the initiative Explain. “If you’re new here, we’re excited to use this space to share all things NBA and Web3 basketball. I look forward to engaging with our community and partners like NBA Top Shot.
  • In terms of all-time sales of NFT collections, Dapper Labs’ NBA Top Shot NFT Collection holds the ninth place, in terms of all-time sales volume. Nowadays, NBA best shot recorded a total of 16,006,548 sales, which equates to $885.6 million since the inception of the NFT.
  • The recently launched Discord channel has over 35,000 members at the time of writing and according to the NBA, the 2022 NFT Playoffs will be released this weekend.
  • “We showcase everything that intersects with basketball and the Web3, including NFTs, games, and the metaverse,” the NBAxNFT Twitter account detailed when launching the Web3 initiative.
  • Four days ago, the NBA’s Golden State Warriors announced the launch of a 2022 Playoff Responsive NFT Collection.
  • As of press time, the NBA has not disclosed whether or not Dapper Labs or the Flow blockchain will be involved, despite mentioning the company in a tweet about the partners. Discussions from the NBA’s Discord channel hint at the upcoming NFT drop posted on Ethereum.

Keywords in this story

Dapper Labs, Digital Collectibles, Ethereum, Ethereum (ETH), Flow blockchain, Golden State Warriors, Metaverse, NBA, NBA Metaverse, NBA NFT, NBA Top Shot, NBA Web3, NBA Discord Channel, NBAxNFT, nft, NFT, NFT and NBA, Non-Fungible Token, Playoffs, Professional Basketball, Web3

What do you think of the NBA embarking on creating a space for Web3, NFT and metaverse content? Let us know what you think about this topic in the comments section below.

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Jamie Redman

Jamie Redman is the News Manager at Bitcoin.com News and a fintech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written over 5,000 articles for Bitcoin.com News about disruptive protocols emerging today.




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NBA Launches Initiative Dedicated To Web3, Metaverse And NFT Collectibles BlockBlog


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