21/04/2022 NBA Announces 'Dynamic' Ethereum NFTs for Playoffs

The 18,000 NBA NFTs have traits that will change based on athlete performance.

Basketball. Image: Shutterstock
Basketball. Image: Shutterstock

The National Basketball Association will beginmintingits upcoming Ethereum NFT collection of 18,000 assets calledThe Associationon Wednesday.

NFTsare unique blockchain tokens that indicate one’s ownership over an asset, like a piece of digital art. Each Association NFT represents a real NBA player in this year’s playoffs. There will be 75 NFTs of each player from the 16 different NBA teams participating.

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But, as with actual players, these NFTs don't stay static. NFT traits will evolve over the course of the playoffs based on each player’s real-life performance, meaning that a certain number of dunks, blocks, three-pointers, rebounds, or assists will change that player’s image. NFT backgrounds and “frames” will also change based on the player’s team’s performance.

Notably, The Association’s NFTs won’t cost NBA fans much. Its website states that the NFTs will be free to mint, but interested collectors will have to pay for the cost of gas on Ethereum. That said, the NBA is reserving some assets for holders of NBA Top Shot NFTs and limiting anyone to a maximum of one per wallet.

After the presale minting begins, the NFT art will be revealed on Friday and visible on NFT marketplaces likeOpenSea.

The news comes shortly after theNBA launcheda Discord server (with nearly 50,000 members) and a fresh Twitter account dedicated to all things “NBA x NFT.” Interest had also been swirling after some pointed out that the NBA had filed atrademark applicationfor “The Association” branding earlier this month.

While the NFT market as a whole isslowing down, interest in sports NFTs has persisted. Last week, the Gary Vaynerchuk-backed NFT basketball gameSwoopsannounced a $3.5 million funding round to help build out its fantasy sports title on Polygon.

Arts

https://decrypt.co/98231/nba-announces-dynamic-ethereum-nfts-playoffs

Interesting NFTs
Belleblue Amur!
Good morning! Belleblue Amur! here. I'm here to enjoy breakdancing and taking selfies. I like to listen to Rihanna while grooming. Don't judge me. In time you'll learn how purrfect I am.
Noodle Rock
soft body spline & hair simulations in cinema 4d
The Pixel
The Pixel is a single pixel statement. It is created to validate. The Pixel is a digitally native artwork visually represented by a single pixel (1x1). It is a token that signs the most basic unit of a digital image in a traditional global auction house. It is a tiny mark to carry digitally native art to a potential future history.
Okay Bulls #1168
Okay Bulls is a clean collection of 10,000 bulls building a bullish community that will transcend the internet into the real world.
Fuku-Shiva
The term “Fuku” refers to fortune or good luck. “Shiva” refers to the Hindu deity who represents strongly polar qualities, both severe and delicate. On a beach inspired by adventures on Phi Phi island in Thailand, three youths cavort. Two are representational figures and the third is psychologically rendered. A dynamic relationship ensues between the triad; a reciprocity of active and passive states. The boy on the right engages in maneuvers of evasion, defense, and is dressed in a speedo which reiterates the colors and symbolism of the caution tape on the left and upper right frame of the composition. In concurrent reaction the psychedelic figure shoots out a rocket powered paper airplane. The nude boy seated in the froth and sand approaches in passive repose, and is met with active attention but equal physical reserve by the psychedelic being. Perhaps the most naked figure is also the least representational. Looming large, dynamic, and active, it engages its companions playfully. Various symbols interject into the otherwise naturalistic scene, most notably a beach ball and two contaminated barrels nested in the sand. The upright barrel reads “FukuShima” in Kanji. The barrel laying down reads “Dharma”. To the left the scene is bounded by caution tape, reiterating the danger of the nuclear waste while also hosting alien archetypes, whose presence, as is the nature of these entities, runs up and just behind the consciousness of the psychedelic figure’s eggshell-like skull.