TL; DR Breakdown
- The National Basketball Association (NBA) is set to introduce 18,000 Ethereum-based NFTs today.
- The National Basketball Association Top Shot marketplace sees massive growth.
- The Association NFTs comprises 75 NFTs per player.
On 20 April 2022, the National Basketball Association (NBA) will begin minting its upcoming Ethereum NFT collection of 18,000 assets called The Association. For all teams in the 2022 NBA playoffs, there are 75 NFTs per player, for a total of 18,000 NFTs.
NBA set to launch “The Association” NFT collection
It’s been a great year for NFTs, with sports having emerged as one of the most exciting areas of innovation. Sponsorship agreements and increased player adoption of cryptocurrency have resulted from growing player and team interest. While interest is widespread across various sports categories, the NBA has been particularly innovative in the digital asset area.
Later today, the National Basketball Association will debut its new Ethereum (ETH) NFT collection, called Ассоциация. Each Association NFT is an actual NBA player that has appeared in this year’s playoffs. There will be 75 NFTs for each player on the 16 participating teams.
The Association is a collection of dynamic NFTs that change appearance over time based on team and player on-court performance. The Association NFTs are being issued in a blind mint, meaning that nobody will know which 2022 NBA playoffs player they will receive prior to the reveal on April 22.
According to the announcement.
However, as with real players, these NFTs are not fixed. Based on each player’s real-life performance, NFT characteristics will change throughout the playoffs. It means that a certain number of dunks, blocks, three-pointers, rebounds, or assists will alter that player’s image according to the NFTs’ design. Additionally, NFT backgrounds and “frames” will change based on the player’s team’s performance.
Source: https://www.cryptopolitan.com/nba-debuts-18000-dynamic-ethereum-based-nfts/