NFTs News

18,000 NBA’s ‘The Association’ NFTs Will be Minted FREE on April 20!

NBA Will Allow ‘The Association’ NFT Collection

On Wednesday, NBA will begin minting The Association, an 18,000-asset Ethereum NFT collection. In this year’s NBA playoffs, each Association NFT stands for an actual NBA player. Each of the 16 NBA teams will be represented by 75 NFTs.

These NFTs, on the other hand, aren’t stable. NFT attributes will vary during the playoffs based on each player’s real-life performance, thus a particular number of dunks, blocks, three-pointers, rebounds, or assists will alter a player’s picture. The player’s team’s performance will also affect the background and “frames” of the NFT.

Interestingly, NBA fans will not be overcharged for the NFTs. The NFTs will be free to mint, according to the company’s website, but collectors will have to pay for the cost of gas on Ethereum. However, the NBA is reserving some assets for holders of NBA Top Shot NFTs, with each wallet receiving a maximum of one.

The NFT art will be released on Friday, after the start of presale minting, and will be available on NFT markets such as OpenSea.

The announcement comes only a few days after the NBA opened a Discord server (with almost 50,000 users) and a new Twitter account dedicated to anything “NBA x NFT.” Some speculated that the NBA had submitted a trademark registration for “The Association” branding earlier this month, which sparked speculation.

While the overall NFT industry is declining, interest in sports NFTs has remained strong. Swoops, the NFT basketball game backed by Gary Vaynerchuk, announced a $3.5 million investment round last week to help grow out its fantasy sports title on Polygon.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Hazel

CoinCu News

Victor

Recent Posts

Step into BlockDAG’s Presale Frenzy This November: Secure a Massive 100% Bonus with BDAG100!

November is the perfect time for BlockDAG's huge presale. Use BDAG100 to double your purchase.…

19 mins ago

OpenSea New Version Will Be Launched In December

OpenSea new version is scheduled to launch in December, with an improved user experience, improved…

26 mins ago

Bitcoin Price in 2025 Will Reach $200,000: Bernstein

Analysts at Bernstein predict Bitcoin price in 2025 could reach $200,000, driven by factors like…

1 hour ago

Bitfinex Alpha Predicts Storm Brewing in Crypto Market

The latest report by Bitfinex Alpha: "The Calm Before the Storm," provides insights on the…

2 hours ago

Binance Listing Fees Are Causing Fierce Controversy In The Community

The crypto community is in a heated debate over Binance listing fees and the exchange’s…

2 hours ago

Dogecoin Price At Critical Junction Where Support And Resistance Touch, Is It Better To Buy This DeFi Altcoin For 5,000% ROI This Month?

The Dogecoin price has reached a critical turning point between support and resistance, sparking interest…

2 hours ago

This website uses cookies.