NBA 2022 Playoffs to Release 18,000 NFTs

WikiBit 2022-04-22 17:53

The National Basketball Association (NBA), a professional basketball league based in the United States, will issue 18,000 dynamic non-fungible tokens (NFTs) on the Ethereum network to each player that competes in this year's playoffs.

　　The Association NFT collection will have 240 players and 16 teams, with each player receiving 75 NFTs.

　　The NBA playoffs are the main postseason competition that determines the league champion. As a result, this year's edition will be commemorated with NFTs, which will be capable of altering appearance dependent on a player's on-court performance.

　　According to the announcement:

　　“The Association NFTs are connected to live data feeds and computations for each respective team and player via Chainlink Oracle. This allows each players NFT appearance to change in an automated manner based upon the pre-set achievements that are written into the Galaxis smart contract.”

　　Furthermore, because the NFTs would be issued transparently and randomly using Chainlink VRF, participants will have an equal opportunity to mint any player, according to the paper.

　　“The Association NFTs are being issued in a blind-mint, meaning that nobody will know which 2022 NBA Playoffs player they will receive prior to the reveal on April 22nd.”

　　The distribution of these digital assets coincides with the release of an NFT collection by one of the playoff teams, the Golden State Warriors.

　　The Golden State Warriors 2022 Playoff NFT Collection features 2,000 restricted NFTs created on the Solana network using crypto exchange FTX.

　　NFTs are hailed as game changers that are reshaping several industries. For example, the Dubai Police Department recently launched a set of NFTs consisting of 150 free digital assets as part of a campaign to promote security, innovation, and communication principles.

　　As a result, the Dubai Police Department became the first government agency in the United Arab Emirates (UAE) to create digital assets to improve police.

　　As a reminder, WikiBit is ready to help you search the qualifications and reputation of projects in a bid to protect you from hidden dangers in this risky industry!

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