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Non-fungible token (NFT) marketplace Metaplex may be the new kid on the block, but their recent backing proves it might be here to stay. Since its inception, it has curated over 85,000 projects and over 5.7 million NFTs. According to Markets Insider, Metaplex has also maneuvered $385 million in NFT transactions spearheaded by Degen Ape Academy and Aurory. Now, the marketplace has closed a $46 million funding round, Markets Insider reports. The round was led by Multicoin Capital and Jump Crypto with participation from Solana Ventures, Alameda Research, and Animoca Brands. In addition, NBA legends Michael Jordan and Allen Iverson also participated alongside 100 additional investors.
Life’s full-circle moments are always a cause for celebration, even when you’re one of the best players to ever grace the NBA. Allen Iverson has never shied away from being a trendsetter, both on and off the court. According to Deadline, the NBA Hall of Famer has inked a new position with Authentic Brands Group (ABG) to help grow its footprint in entertainment.
Remember the trend of downloading music from LimeWire in the 2000s? Now, the platform is making its comeback into the virtual space. After once being defunct in 2010, LimeWire is resurging as a non-fungible token (NFT) marketplace “with a focus on music, art, and other entertainment-related content,” according to Bloomberg. View this post on Instagram A post shared by LimeWire (@limewire) In 2021, Austrian brothers and entrepreneurs Paul and Julian Zehetmayr bought the software’s intellectual property rights to bring its takeover from back in the day into a new era where NFTs are the current trend. “The issue with the NFT market is that most platforms are decentralized,” Julian told CNBC. “If you look at bitcoin, all the exchanges are making it really easy to buy, trade and sell bitcoin. There’s no one really doing the same in the NFT space.” He continued: “We’ve obviously got this great mainstream brand that everybody’s nostalgic about. We thought we needed to build a real...
In 2015, Michael Jordan and Mark Cuban teamed up to invest in Sportradar. According to the company’s official website, it specializes in collecting sports data from all over the world and then using that data to leverage clients appropriately. USA Today reports that Michael Jordan and Mark Cuban were part of a $44 million investment round in the company that was led by Revolution Growth. The National Basketball Association (NBA) and the National Football League (NFL) also have equity in the company. In November 2021, the company went public at $19/share with a reported $8 billion valuation. In other words, Michael Jordan and Mark Cuban’s overall net worth can only be expected to go up from here, especially as sports betting continues to grow and dominate the market.
There’s no limit, or price in this case when it comes to owning a piece of history! Complex reports that a pair of famous Air Jordans worn by Michael Jordan himself just sold for a hefty price tag of $422,130! The shoes, which are believed to be the same pair worn by Jordan during a 1985 game against the Golden State Warriors, were sold through an auction house by the name of Lelands. These are said to be the same pair worn on Oct. 29, 1985, a significant date because it was the time that Jordan suffered a fractured bone in his left foot, leaving him out of the game for six months during his sophomore season.
Make room for a sports icon! The non-fungible token (NFT) space has just welcomed in none other than Serena Williams. And, the platform she’s now joined is right up the superstar athlete’s alley. According to a press release, Serena Williams has joined as a board advisor for Sorare, an NFT fantasy sports platform. “NFTs have the potential to be a powerful tool for bringing equity and investment to women’s sports,” Williams shared in a statement. “I’m excited to start working alongside Nicolas and the team because they understand the relationship between athletes and fans unlike anyone else in the category, and I believe Sorare will be setting the culture and tone of the future of sports entertainment.”