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NBA Launches 18,000 Ethereum-Based NFTs for the Playoffs 

The National Basketball Association has officially released its highly anticipated Ethereum-based NFT collection labeled ‘The Association.’ Presale minting starts today through the official Association NFT website.

The collection will consist of 18,000 unique NFTs, each representing an NBA player during this year’s playoff series. There will be 75 NFTs for each player from all 16 of the participating teams.

The NFTs will be dynamic and feature transformative traits that change in accordance with the players’ performances over the duration of the playoffs. The player’s image will also alter depending on how many dunks, blocks, rebounds, assists, and shots they make in a game. Similarly, the NFTs’ backgrounds will change depending on the performance of their respective teams.

The Association NFTs will be free to mint, but collectors will have to pay Ethereum gas fees and will be limited to minting a maximum of one NFT per wallet. Some NFTs will be specially reserved for holders of NBA Top Shot NFTs, the NBA’s platform which allows users to buy, sell, and collect NFTs showcasing the league’s most influential moments, minted on the FLOW blockchain.

The NFTs will be revealed on Friday after pre-sale minting ends, and will be available on NFT marketplace OpenSea.

On the Flipside

  • The NFT launch comes after the NBA filed a trademark application for ‘The Association’ less than two weeks ago, along with a Discord server and Twitter account named ‘NBA x NFT.’

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

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