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Utah Jazz Sell Out of NFTs Within 90 Minutes

That escalated quickly!

Launched today through its Tier 1 and Tier 2 options, the Jazz NFT program sold out within the first 90 minutes of being made available. All 15 Tier 1 options were purchased within the opening hour, while the remaining Tier 2 options were sold out by 11:30 a.m.

“As expected the Jazz family came through in a big way. … The first sports team NFT paired with a metaverse experience, and sold out in less than 2 hours,” said Riley Demps, lead NFT Project Manager for the Jazz.

With the launch of the NFT program on Tuesday morning, Utah became the first professional sports program in the world to pair a digitally designed Non-Fungible Token (NFT) with premiere access into a virtual locker room.