The unique sponsorship is among the latest examples of cryptocurrency and professional sports mixing.
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.
Based on the ERC-20 standard, the Kings Token will be a first for a U.S. professional sports team.
The Sacramento Kings launched a bitcoin-only online store on 3rd April with the help of BitDazzle.
In a ground-breaking move, the team announced that it will accept bitcoin payments in the upcoming season.
The NBA franchise has officially announced its plans to accept bitcoin with BitPay, beginning 1st March.