The NBA’s Golden State Warriors become the first league team to launch an NFT set
By Bob Garcia
The new team NFT offering could be a slam dunk for the Warriors
The team currently home to All-Star Stephen Curry has become the first NBA team to issue a non-fungible token (NFT) set. The Golden State Warriors have now wanted to dive into this great trend and are auctioning off a set of commemorative NFTs. As a result of this action, it can be considered the first time in history that a US professional sports team has made the decision to officially launch NFTs.
For the time being, there may be related programs, such as Topps selling digital baseball cards on WAX, NBA Top Shot also putting digital basketball highlights for sale on the Flow blockchain, or even individual athletes sharing their digital collectibles without a logo. However, there is no franchise in the market that has opted to offer its own team-licensed fare, so the Warriors are arguably a pioneer in this area.
Brazilian visual arts studio Black Madre was commissioned to design the combination of digital ticket stubs, which will be included in the auction until May 1. Virtual (and physical) championship rings from the team’s Beverly Hills jeweler will also be included at the same time. It has been made clear that while many fans may expect to see Curry’s face on these NFT’s, the league has made the decision not to include images of the players.
The Warriors ‘Community Foundation will benefit from a portion of the proceeds from the auction. Team President Brandon Schneider has made it clear that he is confident the team will be a big winner in this market.