Does your team have a shot? With March Madness near, NFT marketplaces are waiting for a surge in basketball-centered collectibles.
Cointelegraph spoke to the co-founder and CEO of Overtime, Dan Porter, and the co-founder of Magic Eden, Jack Lu, to attain the specific reasoning for the joint endeavor, expert judgments on the future of fan engagement in the sports industry as well as the numerical details surrounding the assets launch.
Porter stated that Magic Eden “brought energy, ideas and resources to the table to help make this vision a reality,” before noting that “we felt Solana would be a seamless experience for those who have bought NFTs in the past, but also for first-timers who don’t have to deal with gas fees.” Porter spoke of the nascency of the NFT space, and in turn, the difficulty in accurately predicting prospective events and trends across a multi-year timeline. However, he did reveal Overtime’s intentions to transition towards a Web3 community ethos following major successes in the social media era, alongside explaining that: