The National Basketball Association (NBA) is about to drop another NFT project for its fans as the basketball league saw a huge interest in its previous crypto-related products.
The new initiative dubbed the Association is a collection of 18,000 non-fungible tokens (NFT) with a dynamic appearance (e.g. backgrounds, player accessories, and emojis designed by various artists) depending on team and player on-court performance.
The project's description says that the digital collectibles will be issued in a "blind-mint" which means that "nobody will know which 2022 NBA Playoffs player they will receive prior to the reveal on April 22." The website says:
The Association NFTs are connected to live data feeds and computations for each respective team and player via Chainlink Oracle. This allows each player’s NFT appearance to change in an automated manner based upon the pre-set achievements that are written into the Galaxis smart contract.
The NBA also promises that the process of minting will be "fair and equal" as the league will use Chainlink's Verifiable Random Function, a random number generator that enables smart contracts to access random values. In total, there will be 16 teams with 75 NFTs for each of the 240 rostered players.
After minting, users can check their tokens on theassociationnft.com and on secondary marketplaces, like OpenSea, Rarible, or SuperRare. This is the second NFT-related initiative for the NBA. In February this year, the league dropped its first collection in a collaboration with Dapper Labs, a blockchain company aimed at NFTs. Just within a week, the collection generated over $230 million in gross sales, according to CNBC.