ADVERTISEMENT
ADVERTISEMENT

Six-time NBA champion Michael Jordan joins the NFT craze

by | Last updated on Mar 25, 2022 at 10:48AM | Published on Mar 14, 2022 | Tech

Michael Jordan is the latest celebrity to join the craze with a collection of 5,005 NFTs called HEIR.

Each NFT is built on the Solana blockchain and priced at 2.3 SOL (around $240 at the time of writing), a tribute to the six-time NBA champion’s jersey number.

The collection launched with 6 RINGS which is the number of championships that Jordan won.

The collection will give buyers access to a new platform called ‘Huddles’, which connects athletes and their fans with Q&A sessions, merchandise and access to a discord chat among other things.

Jordan and his son Jeffrey teamed up with Thrive Capital, Solana Ventures and Lonzo Ball – shooting guard for the Chicago Bulls – for the endeavour.

The team said it specifically chose the Solana blockchain instead of the Ethereum blockchain to keep costs down.

“Ultimately, lower gas fees and transaction costs were supercritical to us,” Jeron Smith said.

“We had a chance to work with their executive team and understand their vision for Solana, and we had alignment on ethos and shared sensibilities.”

Following an insane vertical climb in 2021, Ethereum gas fees (crypo term for ‘transaction costs’) have come down significantly in recent weeks but as things stand, transacting and building NFTs on Ethereum is still more expensive than it is on other blockchains, including Solana.

HEIR initially wanted to mint 10,010 NFTs but the number was halved because the NFTs weren’t selling as fast as they anticipated.

Mind you, the collection is now sold out so you can definitely expect more Michael Jordan’s NFTs in the near future.

FOLLOW US ON
FOLLOW US ON GOOGLE NEWS

Check this out

De Tomaso unveils all-new $3 million hypercar, the P900

De Tomaso unveils all-new $3 million hypercar, the P900

This is De Tomaso’s all-new $3 million hypercar.  Called the P900, there will be just 18 examples ever made.  The good news is that there’s still a small number available to buy (if you’ve got $3 million to spend, that is). De Tomaso Automobili READ MORE!...

Ferrari signals new design language with new Vision GT concept

Ferrari signals new design language with new Vision GT concept

This is the Ferrari Vision Gran Turismo.  Ferrari says the concept car, which has been designed specifically for the Gran Turismo video game, represents the future of its road and racing cars.  This means you can expect to see aspects of the car in future...

ADVERTISEMENT

Most Popular This Week

PAID CONTENT

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!