NFTs News

NBA “The Association” NFT Collection Increases from 18,000 To 30,000 NFTs After Suffering Exploit

NBA’s “The Association” Collection Increases from 18,000 To 30,000 NFTs

The newest NBA NFT collection “The Association”, which was minted on April 20, had been reported that existed security vulnerabilities in its smart contract. The earliest members of the NBA’s Discord server were told that they will receive exclusive NFTs from the collection, however, many wallets which are on the Allow List are “not able to mint an NFT”.

In an announcement after the exploit, the official Twitter account of the collection has stated that they will airdrop to each Allow List wallet an The Association NFT. At the same time, they will increase the size of the collection from 18,000 to 30,000 NFTs. “With that, each of the 240 players in the 2022 NBA Playoffs will have 125 editions (previously 75),” the league confirmed.

These Association NFTs 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.

The collection launch announcement came 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.

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

crypto market crypto market crypto market crypto market

Victor

Recent Posts

Best Altcoins to Buy Today: Qubetics Rides 1000x Potential to Hit $2.6M, Ethereum Stays Rangebound, Tron USDT Transactions Hit $52B

Discover the best cryptos to buy and hold today: Qubetics leads with 1000x potential, Ethereum…

57 minutes ago

Trump Media Company Is Pushing New Venture For Crypto Service

With the platform facing a cracked whip, Trump Media company is expanding into new business…

2 hours ago

Crypto Advisory Council Now A White House Position Attracting Leaders

Major crypto firms, including Ripple, Kraken, and Circle, are competing for spots on President-elect Donald…

2 hours ago

Analyst Sounds Major Breakout Alert Amid Shiba Inu, WallitIQ, And Dogecoin Price Recoveries

Analysts highlight a breakout alert as Shiba Inu (SHIB), and Dogecoin show signs of recovery…

3 hours ago

SEC Chair Gary Gensler Will Lose Power From January 20

SEC Chair Gary Gensler will step down on January 20, 2025, coinciding with President-elect Donald…

3 hours ago

MicroStrategy Convertible Notes Now Out of Stock With $3B Raised

The MicroStrategy convertible notes offering, initially set at $1.75 billion, was increased to $2.6 billion…

3 hours ago

This website uses cookies.