Connect with us

Hi, what are you looking for?

NFT

Raptors Become First Canadian Sports Team to Launch NFT Collection

The NFT craze hit the digital photography and art market like a tidal wave.

After all, who could ignore Beeple’s $69 million haul for his collection of digital artwork? And now it looks like some sports teams are using NFTs as a way to raise money and possibly give fans a once-in-a-lifetime experience in return. 

There’s little doubt that teams are doing whatever it takes to bring fans back to the arena but the Toronto Raptor’s most recent initiative takes the cake for innovation and forward-thinking vision.

That’s because the vaunted NBA team launched their first-ever NFT Collection to give their most loyal diehards “exclusive perks” and “VIP experiences” that cannot be had anywhere else – all while raising money for Canada’s Maple Leaf Sports and Entertainment (MLSE) Foundation’s ‘Change the Game’ Initiative.

Known as the Toronto Raptors 6ix Keys Collection,” the six official keys released each promised a unique experience or perk to the owner upon winning the auction.

These include The City, The Team, The Player, The Past, The Future, and The Game. Devised as a way to raise money for Toronto’s youth who have experienced particularly challenging hardships during the COVID-19 pandemic, the keys also promise bespoke experiences for the auction winners and take their themes from various aspects of the Toronto Raptor’s business organization.

For example, The Team offers winners the chance to “Unlock the chance to get the full picture of how the best organization in the NBA grinds it on the daily,” while The Player is “Made for fans who know you need to remember your past in order to appreciate the present. Unlock the story of how the North became champions – 27 Years of history, and a date with the Larry O’B.”

Offered to the public via live auctions starting July 23 and ending on July 28, participants placed bids across the keys that they wanted to own with the winning bidders receiving their NFTs in their DropShop account after the end of the auction.

Each key type will have 100 examples for users to buy but there will be some differentiation among the NFT keys.

In a nod to video game loot, there are certain gradients of NFT that winners can obtain ranging from “rare” to “legendary” which offer different tiered experiences depending on their rarity.

For example, a “rare” key might get the winner some signed memorabilia, tickets, or even access to a suite during a future game, the NBA reports. “Legendary” tier NFTs offer users “customized and one-of-a-kind experiences” such as meeting team execs and VIPs, getting to spend time at the Scotiabank Arena, and many others. In case those NFT keys were too rich for most people, the Raptors also offered 6ix Black Keys for $30 a piece that gave winners a sneak peek of the team’s upcoming season on Marketing Day.  

While the first auction has concluded, the team anticipates more offerings in the future. Fans that are eager to gain a more personalized level of access to the Raptors should keep an eye on the team’s DropShop page for news on upcoming NFT offerings by the organization.

Advertisement. Scroll to continue reading.
https://www.tsn.ca/the-toronto-raptors-release-their-first-official-nft-collection-featuring-six-official-keys-1.1670337
https://ca.nba.com/news/what-is-the-6ix-keys-collection-toronto-raptors-announce-franchise-first-official-nfts/m8moso9su34f1tlpq4gvvt4fg
https://raptors.dropshop.io/
Click to comment

Leave a Reply

You May Also Like

NFT

A Quick Intro to Bored Ape Yacht What is the Bored Ape Yacht Club? Its very simple, its punk rock at its finest –...

CryptoKitties

CryptoKitties have really become one of the most famous Crypto games played on the internet as people are not only enjoying the game but...

NFT

When first dipping your toe into the world of non-fungible tokens (NFTs), it’s great to discover there are a variety of different marketplaces available...

CryptoPunks

The sudden increase in punkish prices is mainly due to the increase in cryptocurrency prices, the increasing popularity of the NBA Top Shot Dapper...

NFT

For a lot of us, trading and flipping is something we’ve done since childhood. From comic books, stickers, trading cards to toys, anything we...

NFT

Its 2021 and there is a massive explosion of the idea so called Non-Fungible-Tokens, all over the world. While many people familiar with the...

NFT

Beeple, a name that sounds so Pokemon, and so was the Art world. Really, the art world before 2021 or before NFT was really...

NFT

Non-Fungible-Tokens or so-called NFT’s have literally shocked the art industry and paved a way for Artists and Digital Artists to make good money from...

Advertisement