- NBA's Web3 Slam Dunk
NBA's Web3 Slam Dunk
How NBA Top Shot launched the NFT craze, F1 tickets as NFTs, and more
What’s happening in the world of Web3 experiences.
🚨 MAINSTREAM ADOPTION 🚨
When it comes to bringing sports into the digital age, the NBA is scoring nothing but net. They faced the challenge of elevating their online presence, with the goal to engage fans like never before using NFTs and Web3 tech. Their play? Launching an NFT marketplace, collaborating with top-tier artists and designers for exclusive digital collectibles, integrating smart contracts for special fan perks, and fostering a dedicated fan base that's always ready to cheer.
The results are as exciting as a buzzer-beater shot. Fans swarmed to their digital collectibles, pushing engagement levels sky-high and creating a bustling community. Some NFTs even traded hands for a small fortune in the secondary market. Their innovative approach won them major media attention, proving that they're not just all-stars on the court, but in the digital arena too.
🧠 WEB3 WISDOM OF THE WEEK 🧠
Just like in a game of Monopoly, NFTs let you own digital properties, except you don't have to worry about your little brother flipping the board! Keep in mind, though, it's all fun and games until someone forgets to secure their digital wallet.
🗳️ POLL OF THE WEEK 🗳️
What would you like to see more of in Red Carpet Quest?
🗓️ WEEKLY WRAP UP 🗓️
Imagine if your profile picture could be a rare, digital Pokemon card. That's basically what Reddit is doing with its NFT avatars, and boy oh boy, it's catching on faster than a Pikachu on a sugar rush! Nearly 10 million people now own these unique, artsy profile pics, just 11 months after Reddit said "Go!" in July 2022. But, hold your Charizard, there might be some bot activity inflating the numbers a tad. Recently, Reddit high-fived gaming powerhouse Ubisoft, letting users grab free NFT avatars from Ubisoft’s Rabbids collection. Now, whether you think NFTs are a cool Charizard or just a silly Psyduck, one thing's for sure – Reddit's playing a winning game here.
Key Takeaway: Reddit's NFT avatars are growing faster than a Bulbasaur in a sunlight, reaching nearly 10 million holders, with a big help from gaming giant Ubisoft’s Rabbids collection.
Imagine buying a ticket to the coolest car race ever, the Monaco Grand Prix, and it's not just any ticket. It's an NFT! Think of it like your ticket morphing into a fancy Transformer with a bow tie! Formula 1 has teamed up with Elemint to create these cyber tickets, which give you all sorts of perks like VIP party access, future discounts, and more. Their CEO, Jacques-Henri Eyraud, is pretty stoked, saying that these nifty NFTs make ticketing safer and more fun. And hey, this isn't F1's first rodeo with crypto; remember their $100 million deal with Crypto.com last year? Buckle up, folks, because this combo of speed and tech might just be the next big thing in sports ticketing!
Key Takeaway: Formula 1 races into the NFT lane, launching high-octane NFT tickets for the Monaco Grand Prix that offer extra perks and may revolutionize event ticketing.
📱TWEET OF THE WEEK 📱
When I see all the talent in Web3 I can't help but be bullish on NFTs.
The future of this space is made by people.
By the founders, teams and creators.
And the future is bright.
— wale.swoosh 🐳 (@waleswoosh)
May 29, 2023