On Tuesday, the New York Knicks partnered with Sweet & Co. to launch the NBA team’s first-ever line of non-counterfeitable tokens (NFTs).The NFTs feature limited-edition, digitally designed 3D game tickets made exclusively for the Atlantic Division basketball team. With less than 24 hours left in the auction, the Knicks have already sold a number of tickets for their NFT sale.
3D NFT tickets for 5 classic New York Knicks games
Several NBA teams are dabbling in blockchain technology, and many US professional basketball teams are involved in various types of cryptocurrency concepts, such as the NFT and partnerships aimed at boosting cryptocurrency adoption.
The NBA has its own blockchain advisory board, and teams like the Portland Trail Blazers, Boston Celtics and Cleveland Cavaliers have recently stepped into the blockchain space. This week, the New York Knicks launched its first-ever NFT collection as the pro team recently partnered with Sweet, the NFT marketplace, to auction off the collectibles.
The Knicks’ NFT Collection was released with five tickets to games, and so far three of the lots have sold out. Then there’s the Knicks’ 2020-2021 commemorative plaque auction item.” Commemorate the Knicks’ 2020-2021 season with this one-of-a-kind 3D NFT that showcases all five tickets,” they explained.” The highest bidder will receive the 1-of-1 ticket plaque and the #1 mint of all 5 individual ticket NFTs to a preferred wallet.”
New York Knicks commemorative plaque NFT auction items
According to the description of the commemorative plaque auction item, the five games highlighted in the commemorative plaque via digital tickets include.
April 9: Overtime win over the Memphis Grizzlies to kick off a nine-game winning streak
April 24: 9-game winning streak after beating the Toronto Raptors
May 16: Celtics win to end the regular season and clinch the No. 4 seed in the Eastern Conference playoffs
May 23: First playoff game at MSG in 8 years and the biggest indoor event in NYC since March 2020
May 26. The Knicks erased a 13-point deficit at halftime to tie the series at 1-1.
The auction for the commemorative plaque ends on Saturday, July 31 at 12:00 p.m. (ET) with the highest bid currently at $5,565.55 from Sweet Market user “Esteban M.” NFT tickets for the Knicks’ April 9 overtime victory and April 24 nine-game winning streak are the only two single 3D game tickets left in existence. According to the auction site, the New York Knicks NFTs are an Ether-based ERC721 token-based collectible.
The unforgeable tokens have received a lot of attention in recent times, and the hype has become so high that some projects have fragmented the NFTs. Popular TV stars and entrepreneurs Mila Kunis and Ashton Kutcher have launched an animated series called “Stoner Cat” that only NFT holders can watch. However, as far as sports fans are concerned, a recent survey showed that nearly three quarters are “moderately skeptical” of the long-term nature of NFT investments.