{"id":57412,"date":"2023-08-22T21:59:00","date_gmt":"2023-08-23T01:59:00","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=57412"},"modified":"2023-08-22T22:17:53","modified_gmt":"2023-08-23T02:17:53","slug":"fiba-partners-with-venly-to-introduce-basketball-world-cup-nfts","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/fiba-partners-with-venly-to-introduce-basketball-world-cup-nfts\/","title":{"rendered":"FIBA Partners with Venly to Introduce Basketball World Cup NFTs"},"content":{"rendered":"\n

The International Basketball Federation (FIBA) has partnered with Venly, a web3 SaaS platform, to release a unique series of digital collectibles<\/a>.<\/p>\n\n\n\n

\"FIBA
FIBA Partners with Venly to Introduce Basketball World Cup NFTs<\/figcaption><\/figure>\n\n\n\n

These digital souvenirs, showcasing Japan, the Philippines, and Indonesia, will debut on August 21 to capture the event's spirit. According to a spokesperson in an interview, the non-fungible token<\/a> (NFT) collection will offer four options tailored to basketball enthusiasts and collectors. <\/p>\n\n\n\n

“Fan's Frenzy” is an affordable digital souvenir celebrating the FIBA World Cup 2023, aimed at die-hard fans and collectors from August 25 to September 10.<\/p>\n\n\n\n

“National Pride” consists of 32 designs, each tied to a different national team. “Ultimate Courtside,” limited to 1,500 pieces, delves into basketball's history, while “Golden Glory” is for owners of the “National Pride” digital memento from the winning nation.<\/p>\n\n\n\n

These collectibles will be available on the FIBA World Cup NFT Shopify\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> website and accessed via the Shopify app and Venly Wallet on the Polygon (MATIC) network. <\/p>\n\n\n\n

This fusion of sports, technology, and memorabilia offers a unique experience for fans worldwide as the 2023 Basketball World Cup approaches.<\/p>\n\n\n\n

DappRadar, a news portal for decentralized applications<\/a> (dapps), noted in early August 2023 that the NFT market was experiencing a downturn despite new investments and partnerships. <\/p>\n\n\n\n

While market data doesn't guarantee a positive shift, sports collectibles like basketball NFTs have traditionally garnered significant attention. For instance, CryptoSlam data shows that Top Shot NFTs, digital video clips featuring NBA game highlights, generated over $1 billion in sales. <\/p>\n\n\n\n

However, legal disputes have arisen over the sale of these items as unregistered securities, emphasizing the uncertainty surrounding NFT regulations.<\/p>\n\n\n\n

Given the challenges of the crypto market and NFT sector, whether a promising project with strong partnerships can thrive is still being determined, especially amid a crypto winter and regulatory ambiguity.<\/p>\n","protected":false},"excerpt":{"rendered":"

The International Basketball Federation (FIBA) has partnered with Venly, a web3 SaaS platform, to release a unique series of digital collectibles. These digital souvenirs, showcasing Japan, the Philippines, and Indonesia, will debut on August 21 to capture the event’s spirit. According to a spokesperson in an interview, the non-fungible token (NFT) collection will offer four […]<\/p>\n","protected":false},"author":43,"featured_media":57417,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[62],"tags":[1768,16049,147],"class_list":["post-57412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nft-news","tag-basketball","tag-fiba","tag-nft"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/08\/croc_1692754262386.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/57412","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=57412"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/57412\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/57417"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=57412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=57412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=57412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}