NBA’s Sacramento Kings to launch first ever NFT ticket

Sunil Sharma
July 27, 2021
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The Kings are back with another innovative technology experience for their fans. US basketball team, Sacramento Kings has announced to begin trial for the first-ever Smart Ticket NFT Experience Pass. This limited edition NFT ticket will come with exclusive privileges and experiences. Sacramento Kings has signed a partnership agreement with Lava and Flow, the blockchain organization that sponsors NBA Top Shot.

“We’re thrilled to partner with the Kings and Flow to activate real-time experiences that last forever using blockchain,” said Wen Miao, the founder, and chief executive of Lava.

Exclusive benefits

The Smart Ticket NFT Experience Pass for viewers will be utilized during the NBA Summer League games, set to take place on 3rd and 4th August at the Golden 1 Center, Sacramento, California. The limited-edition NFT passes will only allow 100 fans with the ticket to become part of the trial experience of NBA’s first NFT tickets.

Along with being included in the trials, the ticket comes with extra benefits like getting digital artwork and merchandise celebrating the games. Top 100 buyers will get their Smart Ticket NFT Experience Passes directly into their mobile digital wallets, inclusive of funds for food and beverage, and a limited edition digital NFT animation of the California Classic poster design.

“With the Smart Ticket, you can assign more than just the rights to a seat but also the right to a variety of additional benefits such as merchandise, exclusive experiences, and digital collectibles…Through blockchain, the Smart Ticket can be authenticated, and the attached privileges and experiences can be sold and exchanged. This is the future of sports, entertainment, media, and all experiential business.” said Vivek Ranadivé, Sacramento Kings owner and chairman.

Sports NFTs of individual players and teams have already gained global popularity. Sacramento Kings launched their tokens with over 85 NFTs portraying the 1985 commemorative pin given out in the Kings inaugural season in Sacramento, along with the exclusive experiences including 2021-22 Opening Night tickets. Olympics’ first-ever NFT was also launched last week with team Great Britain introducing its NFT store.

 

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.