NBA creates a blockchain advisory committee comprised of a number of billionaire owners like Mark Cuban who is the owner of the Dallas Mavericks so let’s read some more in our latest Blockchain news today.
NBA’s Top Shot business is flourishing and the sporting giant is now expanding its blockchain aspirations to a new level. The American Basketball league, the National Basketball Association-NBA creates a blockchain advisory committee that is comprised of a few billionaire owners like Mark Cuban as per a new report by Sportico. The new association members include Ted Leonsis, Steve Pagliuca, Vivek Randaive, and Ryan Sweeney. The announcement came on the back of the success and popularity of the NBA Top Shots- the popular card collectible game that is built by Dapper Labs. The card game contains player cards and short videos dubbed “highlights” which sell for $200,000 regularly.
The data from Dappradar shows that Top Shots generated over $267 million in trading volume for the past month and $10 million in the past day. The marketplace generated about $230 million overall in sales. The reports show that the details are private but the group’s mandate is to explore other ways of integrating blockchain across the business. Cuban was quoted saying:
“It has very little to do with Top Shot. It’s about blockchain applications, of which Flow is just one option.”
The blockchain association members include Ranadive and Cuban who were among the most public supporters of crypto and blockchain. Back in 2014, the Kings became the first major US Pro team to start accepting BTC and four years later it established a crypto mining program. In the meantime, NBA teams remain savvy about the use of crypto and blockchain technology as well as their related business in gaming, digital art, and betting. Many players are also investors in Dapper Labs like Aaron Gordon, Andre Iguodala, and JaVale McGee. Spencer Dinwiddie tried to tokenize his NBA contract back in 2019.
Cuban is now becoming a popular crypto evangelist as he is big on Ethereum, DeFi apps, and crypto assets in general. Recently he launched Dogecoin payments last week for all the Mavericks fans to purchase tickets and other merch. The team started accepting BTC two years ago.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]
Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
DC Forecasts - Newsletter and get recent news directly to your inbox! Daily Newsletter Bitcoin NewsAltcoin NewsLitecoin NewsEthereum NewsBlockchain NewsBitcoin ScamsRegulationExpert AnalysisPress ReleasesCardano NewsRipple NewsLibra NewsBitcoin Cash NewsTron NewsNexo NewsVechain NewsStellar NewsTezos NewsBinance Coin NewsCoinbase NewsChainLink NewsEOS NewsIOTA NewsTether NewsBitcoin SV NewsMonero NewsEthereum Classic NewsDash NewsUNUS NewsCosmos NewsMECX Token NewsNEO NewsDC Forecasts Announcements
Daily Newsletter Bitcoin NewsAltcoin NewsLitecoin NewsEthereum NewsBlockchain NewsBitcoin ScamsRegulationExpert AnalysisPress ReleasesCardano NewsRipple NewsLibra NewsBitcoin Cash NewsTron NewsNexo NewsVechain NewsStellar NewsTezos NewsBinance Coin NewsCoinbase NewsChainLink NewsEOS NewsIOTA NewsTether NewsBitcoin SV NewsMonero NewsEthereum Classic NewsDash NewsUNUS NewsCosmos NewsMECX Token NewsNEO NewsDC Forecasts Announcements
DC Forecasts provides a comprehensive source of the latest news about cryptocurrency news daily. Read more on our about us page for details.