Sacramento Kings Launch Ethereum-Powered Auction Platform

Very soon stories such as this won’t even be newsworthy. Good on the Sacramento Kings, they were the first NBA team to accept BTC back in 2014

Sacramento Kings Launch Ethereum-Powered Auction Platform Targeting $5.4 Billion Sports Memorabilia Market

“The Sacramento Kings have teamed up with New York-based blockchain software development company ConsenSys ​to launch a new auction platform for fans to bid on in-game sports gear.

The tech-savvy NBA players, who were the first sports team in the world to accept Bitcoin back in 2014, launched the blockchain-powered platform for authentic memorabilia on Wednesday.

According to the official announcement, the total value of the US sports memorabilia market is valued at $5.4 billion annually.

‘By using this [Ethereum-powered] platform, every auctioned item will be authenticated, and a transparent audit trail of product history will be established, so fans will be assured that each piece of gear is authentic.’”

Master Asked on January 16, 2020 in Cryptocurrency.
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