{"id":195959,"date":"2021-03-06T22:26:30","date_gmt":"2021-03-06T19:26:30","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/basketball-billionaires-form-nba-blockchain-use-case-committee\/"},"modified":"2021-03-06T22:26:30","modified_gmt":"2021-03-06T19:26:30","slug":"basketball-billionaires-form-nba-blockchain-use-case-committee","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/basketball-billionaires-form-nba-blockchain-use-case-committee\/","title":{"rendered":"# Basketball billionaires form NBA blockchain use case committee"},"content":{"rendered":"

“# Basketball billionaires form NBA blockchain use case committee <\/strong>”
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Blockchain tech may soon become an integral part of the world\u2019s largest basketball league.\u00a0<\/p>\n

According to a report from Sportico yesterday, a group of some of the wealthiest and most powerful National Basketball Association team owners are forming a committee to investigate blockchain use cases for the NBA. <\/p>\n

Called the Blockchain Advisory Subcommittee, members include Mark Cuban, Joe Tsai, Ted Leonsis, Steve Pagliuca, Vivek Ranadive and Ryan Sweeney. According to Sportico<\/a>, the goal of the subcommittee is to \u201cexplore ways to integrate blockchain across the league\u2019s business.\u201d<\/p>\n

Two obvious possible use cases include ticketing and collectibles. Blockchain-based ticketing has made significant strides and now has an active userbase, and Mark cuban in particular has been vocal about his support for using blockchain to enable his team to reap profits from secondhand sales and scalping. <\/p>\n

Likewise, blockchain-based collectibles have found an unusually snug product-market fit with the NBA\u2019s highlights and stat-obsessed fans. Flow blockchain\u2019s NBA Topshot tradable highlight project has raked in over a quarter billion in sales. Additionally, the company counts multiple NBA players as investors. <\/p>\n

However, Cuban said in a statement to Sportico that the committee was not founded as a response to the exploding popularity of NBA Topshot, and is instead focused on broader app<\/a>lications of blockchain technology<\/a>. <\/p>\n

Cuban is by now a familiar name to members of the crypto community. Despite a past history of disparaging digital currencies, he\u2019s now embraced them \u2014 especially Ethereum-native protocols and tools like NFTs. After a halfhearted NFT release, on-chain sleuths found his address and discovered the billionaire owns a number of DeFi protocol tokens. <\/p>\n

Additionally, according to a recent Tweet his decision to accept Dogecoin for Mavericks tickets and merch appears to have been a success:<\/p>\n

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The @dallasmavs<\/a> have done more than 20,000 #Dogecoin<\/a> in transactions, making us the LARGEST #DOGECOIN<\/a> MERCHANT IN THE WORLD ! We thank all of you and can only say that if we sell another 6,556,000,000 #DOGECOIN<\/a> worth of Mavs merch, #dogecoin<\/a> will DEFINITELY HIT $1 !!!<\/p>\n

\u2014 Mark Cuban (@mcuban) March 6, 2021<\/a><\/p><\/blockquote>\n