Nowadays, NBA players are making a lot of money by selling their own digital collectibles. Which means they can spend money on whatever they want, and NFTs seem to be the new technology. But now the question is what are NFT’s? NFTs or non-fungible tokens are a unique digital art that can be bought and sold online. These digital collectibles can be anything

Digital or a piece of artwork

• Music
• Images
• GIFs
• Real Estate
• Video game avatars
• Video games

Moreover, quite a few NBA players have bought into this new trend. NFTs are now becoming a hot trend with athletes from other sports and anyone can buy art pieces for their social media icons. The most famous NFTs players among NBA players, the Rumble Kings, was recently joined by Paul George. George is not the only player who enters into the NFTs space, but there are other players also who have recently entered into this technology. Moreover, NFT art finance is a brand new cryptocurrency and has now become the future of the financial industry. Through NFT art finance, users can convert their precious digital assets into higher valuable assets. 

In this space, blockchain technology has quickly stormed the sports business ecosystem. NBA top shot led the way into NFTs collectibles, pro teams are accepting payments in cryptocurrency. And the Los Angeles Clippers and Lakers are playing their home games in Crypto arena. That’s the major aspect of Rumble League, a newly launched platform from parent company Rumble League Studios. The company is offering a fresh $4.5 million funding round, and its NFTs sold in Ethereum have generated an equivalent price of over $50 million in total sales despite not yet releasing a game.

In August, RKL also sold a series of millions of tokens. Each token represents a programmatically generating cartoon Gorilla or Kong. Those unique avatars are not just digital collectibles, they also have randomly generated stats, like shooting and defense. And will be playable characters in RKL’s upcoming game, which signifies a web based game. The long term plan is to roll out a series of competitive leagues, with a future NFTs series representing owners the ability to form official teams. 

Nowadays, NFTs are exploding in the sports industries. As the shift towards cryptocurrency opens huge opportunities for crypto investors for investing in the best NFT stocks. The most famous one’s are Funko, Dolphin Entertainment, Coinbase etc. to invest in. 

Paul George into NFTs

Paul George has had an up and down career with many highs and downs. But he proves to be the most successful NBA player of all time. However, in his third season, with the Los Angeles Clippers, George finds himself the lone All star on the team with Leonard out with a torn ACL.

George is one of the newest members to join the NFTs movement. He officially changed his Twitter icon into Rumble Kong’s NFT. In his career, he has averaged 20.5 points per game, which is only nearest to Curry as the highest points per game in the Rumble Kongs’ Group. Moreover, he might be pushing for his very own case to win MVP, trying to take advantage of being the primary star on his team. 

CEO of Rumble kong League says, the primary objective is to provide a truly unique and memorable experience for sports fans within the league. The main point is:

“NFTs and the Metaverse are now becoming popular in various industries such as gaming. We also aim to build the go to sports ecosystem and push the boundaries of what is possible within the web3 space. George also uses NFTs as his icon on Twitter and has represented NFTs in other possible ways. His icon is from Rumble Kongs. He was also seen giving a post game interview in a beanie with the NFTs logo. 

Paul is one of the most iconic athletes globally and is an NFTs supporter. His brand recognition probably offers new opportunities to many other athletes to follow in his footsteps.

Long Term Vision

Rumble League is combining various popular features from the blockchain, gaming industry. This includes  collectibles, social avatars, and highly brandable content. They are using these features widely, combining them with their own vision, and thus a next generation sports universe of in-game assets NFTs will be creatable. 

Each Kong has rarity traits like all NFTs. But the major aspect is that each Kong has in-game boosts based on four major categories – Defense, vision, shooting and finishing. Meanwhile, combining the NFT gaming and collectible spaces opens a completely new opportunity.

Emerging into NFTs

The NFTs space is fast changing. While writing this, new NFTs projects are coming up every day. From the Busan Government announcing an NFTs conference, to the international Cricket Council launching Cricket NFTs to CoinRunners, a movie by selling NFTs. 

The few consistent NFTs trends have been their steady growth, the rising interest in them, and their everlasting applications. For new creators, there are the best NFT marketplace where they can monetize their artwork and want to engage with their fans. The most famous ones are Social NFT, OpenSea, Rarible etc.

Most of the NFTs tend to be digital. This makes it particularly easy for artists to give their fans something unique and rare. Some NFTs, for example , digital artworks, and users collecting these digital artworks have collected physical paintings for years. One NFT artwork by a famous digital artist Beeple sold for $69 million at Christie’s.

The future of these NFTs trends is an interesting one. While many users are concerned about the implications of the Metaverse and the risk of AI, it’s a future that is full of possibility. Moreover, there are top nft marketplace where creators can create their own items on the blockchain using nft marketplace website’s item minting tool. 

If any creator is developing their own smart contract for a game, digital collectible, or any other asset with unique digital items on the blockchain, you can easily get added to that marketplace.