The 76ers exec (aka "Basketball’s Nerd King”) is known for promoting 3-point shots. Less well known: his fascination with all things crypto.
The unique sponsorship is among the latest examples of cryptocurrency and professional sports mixing.
NBA Top Shot sells digital basketball highlights but no franchise has offered its own team-licensed fare. Until now.
Dapper Labs' buzzy NFT platform has generated over $500 million in sales since launch.
The team will soon be accepting the crypto as part of a deal with payment services provider BitPay.
"You can sell anything digital using NFT," says the Dallas Mavericks owner. "Virtual Mavs gear, sneakers, art, pictures, videos, experiences, anything our imagination can come up with."
The Miami Heat's Tyler Herro is the first NBA player to provide a voiceover for a crypto game.
BlockFi, a major player in the crypto-lending sector, has now raised nearly $100 million in the past 12 months.
Dapper Labs raised $12 million in its newest funding round led by NBA stars Spencer Dinwiddie, Andre Iguodala, JaVale McGee, Aaron Gordon and Garrett Temple.
Spencer Dinwiddie has sold just nine of 90 shares of his contract, raising $1.4 million instead of the $13.5 million he'd intended.
Blockchain meets basketball in the newest game from Dapper Labs, the developers of CryptoKitties.
The Sacramento Kings plan to auction off Buddy Hield’s jersey from Wednesday’s game against the Dallas Mavericks using an ethereum-based platform built by ConsenSys.
Spencer Dinwiddie intends to begin selling tokenized shares of his contract starting Monday, Jan. 13.
Based on the ERC-20 standard, the Kings Token will be a first for a U.S. professional sports team.
Spencer Dinwiddie took a shot at tokenization, but the National Basketball Association blocked him.