It Was Modelled After Kobe Bryant’s NFT Initiative, Which Brings Together Athletes.
Key Sentence:
- The obsession with irreplaceable tokens (NFT) has swept the sports world over the past few weeks.
Stephen Curry bought a blockchain artwork called Bored Monkey for $180,000. Odell Beckham Jr. purchased digital images in CryptoPunk form for over $2 million. And on Monday, several writers in the NFT community opened OpenSea accounts that don’t seem to belong to anyone but the great Shaquille O’Neal.
PFP projects (profile pictures), in particular, have recently seen a tremendous increase in popularity and sales. This project typically offers 10,000 NFT to cut. No part of the collection is the same as another as they are unique due to different properties with varying degrees of rarity. CryptoPunks, Bored Aped Yacht Club, and Cool Cats are among the most popular PFP projects to date.
But this week, sports and basketball fans worldwide Kobe Bryant’s NFT are busy with upcoming collections honoring Kobe Bryant’s legacy.
The KB24-NFT project was announced on September 7 at Bryant’s previous web domain, KB24.com.
This initiative raised suspicion and suspicion as the team behind KB24 NFT immediately announced that all proceeds from the initial drop. Any recent OpenSea sales would be donated to the Mamba & Mambacita Sports Foundation, a non-profit organization run by Bryant. The family was founded in memory of Kobe and Gianna “Gigi” Bryant.
So, in the NFT investment market, where millionaires make billions of dollars in trading volume every day. Why would anyone invest a lot of time and resources to distribute the vast profits that come with it?
“We wanted to transform the NFT space,” Andy Trace, co-founder of the project, told Forbes. “There is so much room for the NFT community to give back to charities and make this world a better place.
The KB24-NFT team announced last Thursday that the Mamba & Mambacita sports foundation had given the project a “blessing. The group told Forbes that the donation logistics are currently being finalized. Official announcements from both parties will be released soon.
If 10,000 KB24 NFTs are sold as projected, the organisation will receive between $2 million and $3 million in donations in the fall.
The foundation’s partnership has calmed many skeptics. The project’s Discord server has grown to nearly 25,000 users in the past week. In addition, Bryant’s fan base is active and vibrant, with one member even donating premium tickets to the Lakers for a fee.