The Golden State Warriors launched a Non-Fungible Token (NFT) collection on the OpenSea platform Tuesday morning, becoming the first professional sports team to do so.
"This is the wave of the future," new Warriors president Brandon Schneider said. "So we've been studying what the best way for us to get involved and create something for our fans is.
"NFTs have been around for years, but they've really become more mainstream and popular this year. The inflection point for us was really just watching NBA Top Shot start to explode."
The NBA has seen huge returns on its blockchain-based platform that allows fans to buy, sell and trade numbered versions of officially-licensed video highlights.