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Golden State Warriors

Golden State Warriors Drops Their First NFT Collection

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The Golden State Warriors have teamed up with FTX to release a limited-edition NBA Playoff NFT collection for 2022.

It is the first responsive NFT collection issued by an NBA franchise, and it was created to mark the Warriors’ postseason run, which begins on Saturday. As the Warriors compete, these NFTs will change, unlocking new features and rewards for NFT holders.

Simply put, NFT holders will benefit if Stephen Curry, Klay Thompson, and the Warriors win.

The public mint will begin on FTX’s marketplace on April 15. Each NFT will cost $499.99, and to mint and participate in the 1-of-1 auction, collectors must have an FTX US account.

The mint scheduled for April 15 is as follows:

  • White-list mint opens at 10 a.m. PST
  • Public mint opens at 12 p.m. PST
  • 1-of-1 auction closes at 7 pm PST

Golden State Warriors set to include 3,000 different NFTs

The Golden State Warriors set includes 3,000 NFTs with 12 different designs that are assigned at random when minted on the FTX network. According to an official statement, fans will be able to unlock rewards based on the rarity of each NFT, such as NBA Finals tickets, signed goods, Warriors NBA championship rings, extra NFTs, unique apparel, and more.

The Golden State Warriors 2022 Playoff NFT Collection comprises the following items, according to a press release:

  • Warriors Golden Basketball Hoop  (1-of-1)
  • Warriors Varsity Jacket (1-of-1)
  • Warriors Championship Banner (1-of-1)
  • Warriors Foam Finger 
  • Warriors Hardware Court
  • Warriors Logo Pin
  • Warriors Basketball Hoop
  • Warriors 75th Anniversary Diamond  
  • The 2019 Finale at Oracle ticket stub with score  
  • The First Warriors Championship ticket stub from 1947 with score
  • Warriors 2015 NBA Championship Ring

The 11 themes seen above will be dispersed over the collection’s 2,999 NFTs. The 1-of-1 special edition Gold Bar All-Access Pass, which is tied to valuable utilities and perks that can only be acquired directly through the auction, will be the collection’s last and rarest NFT.

The winning bidder will get a tangible duplicate of the Gold Bar crafted of genuine gold, as well as two tickets to all Warriors playoff games at Chase Center in 2022.

Golden State Warriors NFT holders will enjoy unique benefits each time the Warriors progress to the next round of the playoffs.

SBF-led FTX secures a $10B deal with Golden State Warriors

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Sam Bankman Fried a.k.a SBF-led crypto exchange firm FTX and NBA team Golden State Warrior announced a ‘first-of-its-kind cryptocurrency partnership in professional sports.’ As revealed in the press release, the 10 billion contract would enable FTX to be Warriors’ Official Cryptocurrency Platform and NFT Marketplace. Apart from that, the major basketball team will drop digital collectibles on FTX.us, starting from the first quarter of 2022. Besides, the collaboration will provide the trading platform with a visible brand presence.

Crypto entities have aggressively pushed for sports sponsorships in 2021, and the NBA is loving the attention. Speaking on the partnership Warriors President and Chief Operating Officer Brandon Schneider stated,

“Cryptocurrency has a well-established worldwide community and is going to continue to be a major part of the sports, media, and entertainment industries. In our conversations with FTX, we quickly realized our joint desire to innovate around cryptocurrency integration and adoption, including the role NFTs play in global fan engagement. FTX is a company that caught our eyes a couple of months ago. We think we’re at the beginning of the beginning. We’re all learning, and this space will evolve quite a bit.”

FTX jumping the bandwagon of Sports sponsorships

Previously, FTX had an umpire jersey deal with Major League Baseball. It also bag the naming rights of the Miami Heat arena in a deal worth nearly $135 million over 19 years in March, this year. Subsequently in October, Coinbase had inked a multi-year partnership with the National Basketball Association, that led its logo to be displayed in NBA arenas. Likewise, The Los Angeles Lakers renamed the Staples Center to Crypto.com Arena in a $700 million deal back on November 17.

The latest deal comes during the NBA’s 75th Anniversary season. The Warriors in particular have one of the best winning records this season with their prolific shooter Stephen a.k.a Steph Curry charting a new history in the first quarter Tuesday night against the New York Knicks. The Warrior star surpassed NBA legend Ray Allen’s record to become the new ”3-Point King” on the emotion-filled night at the Madison Square Garden.