PHILADELPHIA, PA - APRIL 19: Stephen Curry #30 of the Golden State Warriors removes his jacket before an NBA basketball game against against the Philadelphia 76ers at Wells Fargo Center on April 19, 2021 in Philadelphia, Pennsylvania. The Warriors defeated the 76ers 107-96. (Photo by Rich Schultz/Getty Images)
The team announced that they’ll be launching an NFT collection. NFT stands for nonfungible token, and it’s been on fire over the last few months. The technology backing it is a huge part of what drives its value.
According to CNBC, people have spent over $230 million buying and selling these tokens that are ultra-rare.