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

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Miss Icy
Yo! I'm Miss Icy. I'm often referred to as the Neville Longbottom of the group. I'm convinced that that one day cats will rule this planet. One day I'll prove it. I hope we can be gullible friends.
The Scion
A young figure caught in a moment of distraction, aware only ephemerally of his unconscious being, as it engages in psychological and psychedelic layer spaces. His right arm casually cradles a moray eel; the figure is comfortable but not truly aware of the potentials for danger in such negligence. His shirt reads “Bello” in Pokemon style font, harkening back to a childhood straddling the millennial threshold. To his right side, out of the unconscious deep, shrouded alien heads propagate as a fractal totem, each new iteration a more sophisticated rendering of emotional masking over the cold mystery of the greys. As the scion of the Budgie-Sattva, the young man, in his distraction, is also simultaneously aware of higher levels of self discovery. To his left a psychological topology sets beneath the oracle side of an 8 ball ,hovering; its message a purest concept of acceptance. The “Scion” lettering is in 80’s HeMan style bold declaration. The lower right side of the painting is like a hybrid of melon, feathers, and seeds. The crystals in the background bring light; conducted, refracted, reflected, and dispersed, to balance the dark shadow of the figure’s physical body. The aura of the scion succeeds in layers to point, with a finger, and the crown chakra, toward a center of a mandala existing as nigh pure application of strokes, in essence painterly abstraction, but also revealing hints of the Aura of migraine, and the bi-hemispherical nature of the brain–noting concerns of the possibility of inherited mental disease. Yet the flourish of chakra as it sets against that center is robust, active, coherent, and reveling against all fear. Fundamentally, the piece speaks to the activation of one’s potential to begin to “Know Thyself”, and find greater awareness out of the enigmas of the mind–as an inculcated seed given to the rich soil of one’s own birthright.
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