NBAxNFT – an official NBA & NBPA NFT – is launched to celebrate the NBA playoffs. What’s interest me is the dynamic nature of the NFTs. Your NFT rarity – other than by the players’ name – is determined by whether the player achieve the set goals (e.g. win the NBA Playoffs 2022 MVP award) or not.
INTRODUCING THE ASSOCIATION NFT: https://t.co/S7iinI4CDt pic.twitter.com/r1XVJRppKy
— NBAxNFT (@NBAxNFT) April 19, 2022
Problems on Minting
All looks good – until tech issues hit the NBAxNFT. Problems in the allow list minting forced the NBAxNFT team to airdrops NFTs, ballooning the supply from 18,000 to 30,000. This angers holders who argue that it would dilute the market value of the NFTs.
The floor price reflects the problems – dropping to sub 0.2 ETH from 0.4 ETH at the time of the writing. Some say it’s doomed, some say it’s a buying opportunity.
See the Twitter thread for the convo going on about this – some explanations/clarifications/rants:
Thank you for your patience as we’ve worked to analyze the issues experienced in yesterday’s The Association NFT mint. We appreciate the engagement and feedback we’ve received from this community as we’ve worked towards a solution.
— NBAxNFT (@NBAxNFT) April 21, 2022
Yes or No?
Nevertheless, I think it’s a novelty idea that can be a boom or bust. I took my chance and buy one. Maybe another one upon reveal, and see whether I can get my guy Joel Embiid for cheap off paper hands.
Let’s see how it goes! As always, NFA/DYOR.
