The Golden State Warriors are recovering in the virtual symbol market with the launch of an NFT collection. The basketball team said Tuesday that it is the first professional sports team to do so.
The Warriors said their official authorization of non-expendable chips commemorates their six championship victories with the National Basketball Association and highlights the franchise’s “most iconic games. “
The California-based team will be part of the estimated $250 million market for non-expendable tokens, which are virtual assets such as videos and photographs stored in blockchain technology.
“The thrill of virtual collectibles is palpable,” Brandon Schneider, the Warriors’ revenue manager, said in a statement. “We see NFT and digitization as a pillar to engage our enthusiasts around the world. “
The entire team collection has been indexed in GSWNFT. com and the auction of the main collection will end on May 1, followed by the end of item auctions on May 2. A portion of the auction winnings will go to the Warriors community. foundation.
Auctions require an account in the OpenSea virtual products market and the ethereum cryptocurrency will be accepted.
Last month, Dapper Labs, a startup on the NBA Top Shot virtual trading card platform, closed a $305 million investment round.