Golden State Warriors Become First US Sports Team to Release Own NFT

Golden State are diving headfirst with an extensive collection of digital memorabilia which they have named the “Golden State Warriors Legacy NFT Collection.”

The Golden State Warriors announced on Tuesday a new non-fungible token (NFT) collection to be auctioned off. The collection was created to commemorate the teams six NBA championships.

Golden State looking for a big win in the NFT market

The collection will highlight the Warriors six NBA Championship wins, specifically the rings. Each ring will be digitally reproduced in limited quantities with the coveted first editions to include a physical version of the ring as well. Custom designs and even a fitting will be done by jewelry artist Jason of Beverly Hills.

The auction will also contain a collection of special ticket stubs, each hand-illustrated by artist Black Madre. The same artist who created the Joe Dimaggio NFT, earlier this month.

Each stub is designed to commemorate events ranging from the first game in 1946, when they were the Philadelphia Warriors, to the first game in their new arena. Another piece will honor the famous 2007 “We Believe” playoff run where GS beat the top-seeded Mavericks in the first round of the NBA postseason.

The pièce de résistance of the collection is a 1-of-1 Warriors Six-Time NBA Championship Ring NFT. Its design combines all six of the teams championship rings into a single exclusive piece. The winner will be the only person in the world to own this bedazzled piece of history.

The auction rules state that bedding requires a MetaMask Wallet and an OpenSea account. Bidders can only use ethereum (ETH).

NBAs embrace of NFTs

The NBA has another huge name to add to their list of NFT supporters. The league has been spearheading the move into the NFT market by sports leagues and players.

The biggest move so far was the launch and immense success of NBA Top Shot. The NFTs sold on Top Shot are digital basketball cards that feature memorable moments from NBA history.

The digital trading cards have remained a constant in the market since launch, accounting for a third of the $1.5 billion spent on NFTs in 2021.