Sacramento Kings and CryptoKaiju Collaborate for the First Physical Crypto-Collectible
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The famous basketball team Sacramento Kings made a massive announcement for basketball fans and crypto owners. The renowned team is partnering with CryptoKaiju, creators of the first Ethereum-powered vinyl toys, to present the first-of-its-kind collection of physical NFTs based on professional sports! The Kings will host the same scavenger hunt the first week of November and continue throughout the 2019-20 season. Lucky fans will get the chance to get their hands on any of the 100 limited edition Kaiju toys.
Each toy in this crypto collection is based on a distinctive NFT, which means that all Kaijus are different in terms of features and technical aspects. Kaijus are fully traceable on the blockchain. After collecting 15 of these rare Kaiju toys, the non-repairable token will reveal exciting rewards for collectors, including VIP trips, Courtside Seats and authentically signed Kings merchandise.
Sharing his thoughts on the partnership with CryptoKaiju, Sacramento Kings COO Ryan Montaya said that it will be very beneficial for their fans to use blockchain more in their line of business. He said that the Kings are very excited to release these rare, limited edition crypto collectibles that will provide an immersive experience for their fans! He said that the collaboration with CryptoKaiju is a promising opportunity to use technology that will give birth to innovative products for their fan base.
Similarly, CryptoKaiju founder Oliver Carding said they are truly honored to partner with the Sacramento Kings, a team so enamored with technological innovation that they understand the potential of blockchain in the collectibles industry. He said NFT collectibles are perfect for tech-loving sports enthusiasts. With the growing popularity of these collectible tokens, several sports teams will soon release their own collectibles that synchronously combine the physical and digital aspects of sports. He also said that he is privileged to be the leading force in this landmark movement!
This massive collaboration is the first of the Kings’ efforts to pave the way for technological innovation in sports. In 2014, the Sacramento Kings achieved the title of being the first NBA team to accept Bitcoin as a means of payment. It also became the first professional sports team in the world to Mine cryptocurrency! In order to put the mined resources to good use, they implemented a charity program called MiningForGood, where donations were made to community development and education. Last week, they announced the NBA’s first blockchain-based rewards program in partnership with Blockparty.
The Sacramento Kings are royalty, not only on the court, but also in the area of proactive play. At the beginning of this year, they released the first truly dedicated platform for a free-to-play, arena-based, predictive gaming experience. In addition, the team has been awarded by several well-known sports companies, such as “Most Innovative Company in Sports”, “Most Technically Competent Team 2016” and “Facility of the Year” by Fast Company, Sport Techie, and Sports Business Journal.