Crypto Corner: The Sports Slice
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Crypto Corner: The Sports Slice

THELOGICALINDIAN - Teams leagues and athletes beyond about every sports vertical you could anticipate of are award new ally with crypto firms Each anniversary we accompany a surfacelevel attending at all things crypto and sports over the accomplished seven days

Brooklyn Nets amateur Kevin Durant is basic a new advance vehicle. The UFC wants more, and is furthering their crypto relationships. And FTX is authoritative added moves, continuing their role of award a accepted actualization in the Slice. Let’s jump into the accomplished week’s action:

The Sports Slice

NBA teams haven’t been afraid to get complex in NFTs; in fact, team-specific NFT launches accept become a once-a-month affection it seems in our Sports Slice reports.

This week, it’s the Philadelphia 76ers who are the latest to accept launched a team-specific NFT drop, in affiliation with contempo jersey sponsor Crypto.com. The aggregation will host 13 drops adulatory the celebrated Spectrum amphitheatre that was adept host for the franchise’s home court.

This year, assertive NBA teams like the Milwaukee Bucks, Golden State Warriors, Cleveland Cavaliers, and added accept been host to their own initiatives in NFTs. Added crypto exchanges and projects accept been accepting abundant afterimage in the action as well, as StormX is a jersey accomplice (along with the above Crypto.com) aural the league.

If you’re a UFC fan, you’ve acceptable noticed the uptick in crypto assurance in the action – decidedly accustomed Crypto.com’s acknowledgment as an official sponsor of the league.

The UFC is now accretion that accord with Crypto.com to accommodate an absolute band of UFC NFTs. According to reports, UFC athletes are slated to accept 50% of NFT sales revenue.

In aftermost week’s Slice, we covered FTX’s latest assurance in the sports world, as the growing barter looked to lock in a Super Bowl advertisement. This week, FTX is dipping in on some of the latest NIL (name, image, and likeness) action. The barter has active a team-deal with the Kentucky Wildcats men’s basketball team. Players, however, will be paid individually, and will be key aspects of a above ad attack for the crypto platform.

Related Reading | How Solana Came Up In Crypto

Kevin Durant is ablution a SPAC – or appropriate purpose accretion company. SPACs had a division of ups and downs, decidedly backward aftermost year activity into aboriginal this year. The action has below and beneath high-quality companies accept gone the SPAC avenue in activity public.

However, Kevin Durant and business accomplice Rich Kleiman, founders of Thirty Five Ventures, accept formed an accustomed acceptability for accepting their easily in some acknowledged firms, including Robinhood and Coinbase. One of the ambition categories for Kleiman and Durant’s accessible SPAC? “Crypto and agenda assets.”

It was absolutely a anniversary for Green Bay Packers quarterback Aaron Rodgers. Seen as arguably one of the best pass-throwers in the bold today, Rodgers started the anniversary aftermost anniversary by announcement a affiliation with Cash App to booty a allocation of his bacon in Bitcoin. Rodgers joins a growing cardinal of NFL athletes to do so. The affiliation additionally saw over $1M dollars account of crypto giveaways for Cash App users.

The account was atramentous aural canicule by Rodgers Covid-protocol implications, as the quarterback was alone for this weekend’s bold adjoin the Kansas City Chiefs, with uproar surrounding his anesthetic status.

Cricket is a action rarely accustomed acknowledgment in the U.S., but one that has a massive all-around presence. Dapper Labs has been architecture it’s all-around action IP partners, starting with the NBA and WNBA, as able-bodied as NFL and LaLiga.

Dapper Labs invested in allotment of a $17.4M berry annular abaft Faze Technologies, a aggregation attractive to body “the metaverse for cricket” on Dapper’s Flow blockchain. Led by Tiger Global, the berry annular will attending to put Faze in a close action with Polygon-based Rario, a cricket-first NFT belvedere that launched aloof a few months ago.

Dapper Labs is additionally onboarding Japanese media close mixi, Inc. assimilate Flow, according to a contempo columnist release. Dapper is assuming bright action on architecture all-around relationships.

Related Reading | Brazilian Lawmaker Proposes Integration of Crypto Payment Option For Workers