Rajarshi Mitra
Independent Analyst
- Limited edition Kaiju collectible toys will be given throughout the 2019–2020 NBA season.
- The team will also launch a blockchain-powered rewards program within its gaming app “Call the Shot.”
In a press release on Oct. 16, NBA basketball team, Sacramento Kings, announced a partnership with CryptoKaiju that creates Ethereum-based Kaiju toys. Limited edition Kaiju collectible toys will be given throughout the 2019–2020 basketball season by the companies. Every collectible toy is pegged to a non-fungible token, meaning that no two are the same. However, only 15 coins will come with a unique experience or prize, such as courtside seats, VIP tours, and signed merchandise, among others.
Sacramento Kings CTO Ryan Montoya said:
“We are thrilled to bring these unique, limited-edition collectibles and immersive experience to our fans. We are always looking for ways to be on the leading-edge of enhancing fan interaction, and this partnership with CryptoKaiju is an exciting opportunity to continue to employ technology that delivers innovative products and content to our fans.”
The collaboration was tagged along with last week's news, where the team announced the launch of a blockchain-powered rewards program within its gaming app Call the Shot. The program will be available in the upcoming season.
The Sacramento Kings became one of the first sports teams to accept Bitcoin (BTC) for its team store after its partnership with major cryptocurrency payment processor BitPay in 2014. Another NBA team Dallas Mavericks started accepting BTC payments for match tickets and merchandise in August 2019
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
This week could be explosive for ETH: Ethereum ETFs to debut in the US on Tuesday
Ethereum (ETH) is down nearly 1% on Monday as the Securities & Exchange Commission (SEC) confirmed via its website on Tuesday that it has given the final approval for spot ETH ETFs. Considering the ETH ETF launch and the upcoming Bitcoin Conference, this week could prove crucial for Ethereum.
SEC gives final approval for Ethereum ETFs to begin trading
The Securities and Exchange Commission (SEC) approved the S-1 registration statements of spot Ethereum ETF issuers on Monday, making it the second digital asset ETF to go live in the US, according to the latest filings on its website. The approval is also visible across the websites of the various asset managers that applied for the product.
Could Donald Trump and Elon Musk provide Bitcoin's bullish spark?
Trump could use Justice Department's 200,000 BTC as headstart for potential Bitcoin reserve, says analyst. Elon Musk hints at potential Bitcoin endorsement after US dollar value destruction post and laser eyes profile picture. The bearish crowd has remained silent since Bitcoin's two-week rebound.
Crypto investment products continue positive run after $1.35 billion net inflows
CoinShares' weekly report shows that crypto investment products saw a third consecutive week of inflows. Bitcoin saw inflows of $1.27 billion, with short-bitcoin recording more outflows. Ethereum-based products outperformed Solana on year-to-date inflows.
Bitcoin: Will BTC continue its bullish momentum?
Bitcoin (BTC) price increased by 5.5% this week until Friday after breaking above a descending trendline. Currently, it is trading slightly higher by 0.23% at $64,166.