Nba free nft

WASHINGTON, D.C. – To celebrate the launch of the Washington Wizards’ non-fungible token (NFT) series, the team is paying homage to fans by creating a free limited-edition digital collectible artwork called “The Sixth Man.” The Wizards are the first major league franchise to offer the general public free NFTs authenticating team digital collectible art. Fans in the metropolitan area will be able to enter a scavenger hunt at various locations around D.C. for a chance to win a free limited edition NFT authenticating this original collectible. There will only be 500 of “The Sixth Man” NFTs created and made available to Wizards fans.

“We wanted to carve out this special opportunity to our fans in the DMV as a thank you for their loyalty and devotion to the team,” said Wizards Vice President of Marketing Rebecca Winn.

Nba free nft

The demand was up again and the collectibles were going at seven purchases a minute.

Keeping all of this aside, what makes many people skeptical about these NFTs is the fact, that they are free pre-recorded videos easily available on the internet. How is there a point in collecting them?

However, the answer to this question lies in how humans have interacted with collectibles in the past. Whether they are Pokemon cards or a 1952 Mickey Mantle card, sold for $5.2 million, collectible items have always been a thing of intrigue and interest.

Hence, while it’s only been a year to Top Shot and a few to NFTs, there exists a very broad scope for both aspects of the ecosystem to expand and grow.

The term “NFT” already carries with it visions of great wealth in the world of cryptocurrency. After all, Beeple and Cryptopunks NFTs have sold for millions of dollars. The allure of earning free NFTs is high. But is this a pipedream?SponsoredSponsored

Not necessarily.


With the growing market and use of NFTs, various ideas about their distribution have appeared. Some involve the free minting of the NFTs, others the concept of allocating free NFTs as rewards.

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Earning free NFTs is possible. However, it is important to take advantage of the best opportunities and minimize the risk of being lured into a scam. Let’s talk about the concept of NFTs and how you can use these ideas to improve your crypto portfolio.

What is an NFT?

“NFT” is the hyped-up buzzword of the moment.

This entails significant growth. A similar study estimated the entire digital collecting sector in 2020 to be worth around $100 million. The trend is in large part due to the growing amount of money involved in the market. Even auction houses like Christie’s and Sotheby’s have dipped their toes into selling NFTs.
The rise in interest is also due to the growing number of use cases for NFTs.

The expansion of the NFT market

While the NFT market is ballooning, does this mean that it’s still a good time to get involved in NFTs as a regular crypto-adopter? The answer is “yes.” But, to best understand the phenomenon, we first need to look at some statistics.

An animated Gif of Nyan Cat, a meme from 2011 about a flying pop tart cat, was sold for over $500,000 in early 2021.

There is a huge market for this already, as seen with the sale of a 1909 T206 Honus Wagner baseball card for 3.12 million dollars.

Whether or not Cuban and the Mavericks succeed in introducing NFT tickets next season remains to be seen, but he is devoted to the development of crypto-based concepts. He is invested heavily in Ethereum and Bitcoin, and has recently bought into Polygon, a layer 2 Ethereum scaling solution, and dClimate, a decentralized data marketplace. That may have been a bit wordy, but I am sure that you caught the gist of it.

So, if you are interested in experiencing the next generation of digital media or want to be a pioneer in the collaboration between artists and athletes, plan on checking out a Dallas Mavericks game next year.

The interest in these assets has extended well past the cryptocurrency world. While the concept and their use is not new, interest in how they work and how NFTs could be used, may help revolutionize the economic landscape.

An NFT, or digital asset, is an item that exists on a blockchain. The blockchain is a logbook that keeps track of all transactions on connected computers.
The blockchain acts as a public ledger that allows anyone to verify and identify the authenticity of an NFT.

Each NFT is unique, or, at the very least, rare, unlike other digital items that can be reproduced endlessly.

The Top Shot is a blockchain-based platform allowing fans to buy, sell, and trade unique versions of officially licensed video highlights.

The two organizations started working on the NFT collectibles back in 2019, with most of 2020 staying under development.

Finally, after its launch in 2021, it rose to popularity with more than a million registered users.

It’s the platform’s intuitiveness and accessibility that might have helped it rise to popularity. With an easy-to-use interface and a pre-existing fan base, the platform was touted for success by basketball and crypto experts alike.

What Does it Contain?

It might seem like yet another NFT collectible. And to some extent, it might as well be.

NBA Top Shot gives the fans a chance to collect “Moments”.

As that happens, the fans surely will have something to look up to.

The Future of NBA Top Shot NFT Moments

There are many speculations around the entire NFT thing being “just a bubble”.

However, the future for the Top Shots seems rather optimistic. Dapper Labs along with NBA is working on ways to figure how fans can interact with their favorite teams and players.

The both of them together are coming up with a game called NBA Hardcourt, an immersive and interactive game that allows players to create their own NBA Moments basketball teams, and use their collected Moments to upgrade their abilities.

While all of that happens, NBA players are equally optimistic about what Top Shit has to offer and they are contributing in their own way.

Collaterals – Both NFT and DeFi (Decentralized Finance) share the same infrastructure. DeFi applications let you borrow money by using collateral. NFT and DeFi both work together to explore using NFTs as collateral instead.

  • Domain Names – NFTs provide your domain with an easier-to-remember name.
    This works like a website domain name, making its IP address more memorable and valuable, usually based on length and relevance.

Even celebrities like Snoop Dogg, Shawn Mendes, and Jack Dorsey are taking an interest in the NFT by releasing unique memories and artwork and selling them as securitized NFTs.

NBA Top Shot Is a Hot NFT Use Case

One of the most popular non-fungible tokens in recent days is NBA Top Shot, a partnership between Dapper Labs (makers of the CryptoKitties game) and the National Basketball Association (NBA).

Let me explain.

The Value

One dollar in Manhattan, New York is one dollar in Jackson, Mississippi, the same way it is one dollar in Portland, Oregon, or anywhere else in the United States.

By merging an NFT with ticket sales, the simple task of gaining entrance to an NBA game would be accomplished by purchase for a certain amount of money, but the resultant NFT ticket would be its own distinctive piece of art unlike any other held by patrons of the Mavericks, or any team for that matter.

When are NFT Tickets Going Live?

“We will start doing it this coming [2021-22] season, where we’ll issue an NFT after you’ve chosen your ticket on Ticketmaster or whatever,” said Cuban.

Seven more alien punks have been sold for over $1 million in the last few months. Bored Ape Yacht Club, Mutant Ape Yacht Club, or The Sandbox have similar stories.

Based on their utility and on the nature of the project, some NFTs can be inexpensive or even free. Let’s now take a look at how anyone can benefit from these opportunities.

How to get free NFTs

There are several ways you can earn NFTs free of charge.

One of them is playing NFT games that allow you to play and earn. These games are specifically designed to encourage trading NFTs. In this case, the digital tokens have a real utility within the game.

There are also ways to gain NFTs by minting them.

You will be looking to do that without paying the high gas prices. OpenSea is currently the largest NFT marketplace.

Each rare pack contains at least one rare Moment inside.

  • Common: The common Moments can be found in Common packs, starting at $9 for nine Moments.
  • How To Obtain Top Shots?

    At present, there are three ways tobuy NFTTop Shots for fans.

    • Purchasing The Packs: Just like a pack of collectible cards, a pack of Top Shot Moments cards contains a series of cards, which are unknown to the buyer before they open them. NBA releases a pack of cards, which are theme-based, for instance, Christmas-themed “Decked The Hoops” pack of cards.Users get to know about a release by signing up for email notifications. The packs are unique in nature, and once they’re sold out, they are sold out forever.
    • Challenges: Challenges allow Top Shot Moments to be collected and earned.

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