The Seattle Storm and Coinbase are teaming as much as launch NFTs commemorating Seattle Storm legend Sue Fowl’s jersey retirement at Local weather Pledge Area on June 11.
A pair of digital collectables will likely be accessible for followers, honoring the WNBA star’s 21-year profession that included 4 championships and 5 Olympic gold medals.
Through the Seattle Storm vs. Washington Mystics recreation — the place Fowl’s No. 10 jersey retirement will happen — followers in attendance can declare a NFT, or non-fungible token.
The digital collectible presents a digital memento of the occasion and entry to sweepstakes and reductions on the Storm’s workforce retailer. The opposite version will likely be launched on Fowl’s social media accounts the day after the sport.
It’s the first-ever POAP — “Proof of Attendance Protocol” — token by a WNBA workforce.
“Web3 opens the door for followers to interact with their favourite groups and gamers in new methods,” Coinbase Sports activities Advertising and marketing Senior Supervisor Maria Grosso informed GeekWire.
NFTs are digital certificates of possession that use blockchain know-how and cryptocurrency. They gained important attention through the cryptocurrency increase of 2021, a time through which athletes, artists, celebrities and others launched their very own digital collectibles to work together with followers. Even Fowl acquired in on the action. Sports activities leagues such because the NBA additionally created NFTs.
However reputation of NFTs have considerably dwindled in recent times amid a broader downturn within the crypto market because of macroeconomic situations and regulatory crackdown.
The Securities and Alternate Fee this week filed a lawsuit in opposition to Coinbase, alleging the corporate operated as a crypto asset buying and selling platform with out correct oversight by the federal company. That got here a day after the SEC sued Binance, accusing the buying and selling platform of mishandling funds and lying to regulators.
To say the Fowl NFT on the recreation, attendees should scan a QR code, submit their e-mail, and arrange a Coinbase Pockets. By clicking a button, they are going to attain the declare web page the place they will enter their Ethereum deal with to finalize the method. As soon as accomplished, Fowl’s jersey retirement NFT will dwell of their Coinbase Pockets.
Finishing the method robotically enters members right into a sweepstakes. Prizes embrace a possibility to win 4 courtside seats to a Storm recreation, a meet-and-greet with Fowl, and signed merchandise together with a jersey and bobblehead. As well as, 10 followers will win two tickets to a catered suite expertise at a Storm recreation, together with a signed Sue Fowl bobblehead.
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