The Milwaukee Bucks are launching their own NFT collection to celebrate the 50th anniversary of the 1971 NBA championship. The Bucks are an American professional basketball team based in Milwaukee, Wisconsin.
Only three items are available for bidding in the 1971 Championship NFT Collection. They are currently up for auction on NFT marketplace OpenSea.
Milwaukee Bucks NFTs available for bidding
Fans and collectors can choose from the three available NFTs. This includes the 1971 NBA Finals ticket of Game one and Game three, as well as the championship banner. At the time of writing, the bid for the game three ticket on OpenSea was around $240.
In addition, the collector who buys the game three ticket NFT will also get a VIP package to the 2021-22 Bucks home opener. Similarly, the owner of the championship banner NFT will get an ultimate ticket voucher that can be redeemed for two tickets to any future Bucks game.
Meanwhile, each item has different bidding times. While game one ticket is open to bids only till Saturday (June 12) just before midnight (Central Daylight Time), game three ticket will be available until Monday, just before midnight. Collectors will only have until Wednesday just before midnight to place their bids on the championship banner.
“We’re excited to create this unique opportunity for Bucks fans to celebrate the 50th anniversary of our first championship,” Peter Feigin, Milwaukee Bucks and Fiserv Forum President, was quoted as saying by NBA.com. “We believe NFTs and blockchain technology will have a huge impact on our business in the future, far beyond collectibles.”
In order to bid on the limited collectibles, users will have to create a MetaMask digital wallet and an account at OpenSea. Those with the highest bid at the end of the deadline will receive the NFT.
Third NBA team with their own NFT
The Milwaukee Bucks are the third NBA team to mint their own NFTs. While the Golden State Warriors were the first to launch their own NFTs, the Charlotte Hornets had followed suit.
However, there are several existing NFTs with Wisconsin connections, including Bucks moments. For instance, NFTs of the Milwaukee Milkmen winning the 2020 American Association championship is listed on OpenSea.
Similarly, Major League Baseball recently announced a deal with card company Topps to create NFTs. Numerous NFT cards of several Milwaukee Brewers are now available for sale on marketplaces like AtomicHub, NFTHive, WAXStash, and CryptoSlam!
The rise in popularity of NBA Top Shot has played a significant role in fuelling the interest in NFTs. The platform offers “moments” such as the highlight of a shot or a dunk. Fans can purchase these moments on the marketplace and sell them to others.
While NBA Top Shot had seen a lull in activity recently, there was an uptick in activity last week. In the past seven days alone, over 70,000 traders were actively buying and selling digital cards on the NFT marketplace. This meant that the platform’s activity rose by 50% compared to the previous week.
The recent developments are a testament that the NFT craze is far from over.
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