The Golden State Warriors are the first professional sports team to launch an NFT Collection. The team sold the first edition of the their six NBA Championship Rings as NFTs for $700,000. CoinUnited.io – which is the biggest crypto OTC and ATM network in Asia – won the bidding.
Legacy NFT Collection
The first edition of each Championship Ring NFT includes a physical version of the ring. Beverly Hills-based anarcho-jeweller to the stars, Jason Arasheben, custom fitted and designed the rings. His clients include Drake, Justin Bieber and Kim Kardashian West . CoinUnited.io will display both the digital and physical rings in its 10,000 square-foot flagship store in Causeway Bay. Founder Louis Li aims to popularize NFT in Hong Kong.
The Golden State Warrior’s Legacy NFT Collection includes digital collectibles of the team’s most iconic games in franchise history. The NFTs are also paired with live experiences like Warrior-for-a-Day experience and a custom championship ring presentation during a future game.
NFTs steadily going mainstream
NFTs started as a domain of cryptocurrency enthusiasts but with various sports franchises launching their own NFT Collection it’s steadily going mainstream. Following the success of NBA’s NFT Marketplace, Top Shot, with over 800,000 registered users in 1st quarter of 2021 alone, other teams in various sports like Formula 1’s Red Bull Racing and US Pro Soccer League’s MLS have announced their plans to launch their own NFT Collection.
Sports fans are catching on fast with the NFT trend because it has a familiar real-life counterpart – collecting sports memorabilia like basketball trading cards. Now we have a unique set of NFT consumers: sports fans who are not cryptocurrency enthusiasts. This guarantees that this is just the start – more athletes, teams and leagues will dip into NFTs in the future.
The Golden State Warrior’s Legacy NFT Collection live at https://gswnft.com is now SOLD OUT.
All investment/financial opinions expressed by NFTevening.com are not recommendations.
This article is educational material.
As always, make your own research prior to making any kind of investment.
