FTX and NBA Golden State Warriors Sign Partnership, FTX Becomes NFT Cryptocurrency Platform

NBA Golden State Warriors and U.S. currency regulator FTX.US announced a joint venture agreement on April 14. FTX has become the official cryptocurrency and NFT platform for the Warriors team, and this is the first time the Warriors have partnered with a cryptocurrency company.

According to media reports, per Ming (2022), NFTs released by Warriors are available for marketing on the FTX.US platform.

The terms of the joint venture between the two companies also include Warriors International partnership rights such as LOGO and portrait rights, meaning that Warriors and FTX will be further integrated internationally and develop larger businesses. .

Brandon Schneider, President and COO of Warriors, said: “In our discussions with FTX, we quickly agreed to develop a new framework based on cryptocurrency technology, including the use of NFT for keep the Warriors in touch with fans around the world. world.

The Warriors are one of the few teams in the NBA to frequently use NFT or encryption technology for innovation. The team announced the Legacy NFT version in April of this year. It is one of the NFTs that includes a variety of 6 NBA Championship rings and 10 commemorative tickets in the history of the group.

The Warriors also set the record for sports-related NFT sales on this NFT tee, including a 6-in-1 tournament ring selling a total of 285,111 ethers (roughly $ 1.06 million).

To commemorate the partnership, 3BTC will donate to charity.

In remembrance of this partnership, Warriors and FTX will donate our Bitcoins, one for each nonprofit, to our nonprofit organization which has made a significant contribution to education. Our organizations are Self-e STEM, Mission Bit and Techbridge Girls.

Self-e STEM typically offers education for girls or youth in the community, including culture, culture, and other arts, while Mission Bit offers free education. , after-school counseling and summer training for high school students in the Bay Area. And to help students reach their potential through science and technology experience, like campgrounds, Techbridge Girls has revived STEM (commonly known as science) to help BIPOC (Women of Color) become familiar with it. this process.

Warriors and FTX share an important concept of giving back to the community. Since the establishment of the Warriors Community Fund in 2012, the total impact of education has exceeded US $ 25 million, of which US $ 15 million is donated.

Regarding this collaboration, FTX.US President Brett Harrison said: In the past, we've had the opportunity to work with Stephen Curry to introduce the Warriors. We are very excited to work together because our core values ​​are close. FTX.US 'NFT Platform will provide a safe and reliable trading platform for Warriors fans around the world. In addition to NFT advertising, we are developing new expanding services in the United States or around the world in partnership with a world-renowned group.

Finally, the involvement of both parties is not unique to the Golden State Warriors.

FTX will embroider the FTX LOGO on the basket against the Santa Cruz Warriors' field cushions in the NBA Development League, and the FTX LOGO will also be available at the station. Not only that, but in the most popular video games of the NBA2K series, FTX will be putting its logo on the Warriors' pitch.

Other esports companies, the Golden Guardians live stream will include more including League of Legends Championship (LCS), Nintendo Tomorrow's Smash Bros., World of Warcraft and more.