The Sacramento Kings NBA basketball crew launches a blockchain-powered rewards program in its gaming app.
Partnership with Blockparty
The Sacramento Kings teamed up with the blockchain ticket platform Blockparty from New Jersey so as to add blockchain-based rewards to their prediction recreation Name the Shot, the crew's official announced on October 7. Based on the announcement, the brand new program will likely be obtainable within the coming 2019-2020 season.
Through the season, Blockparty follows the exercise of Kings followers whereas betting on Name the Shot and gathering factors in a digital pockets in each fan's Sacramento Kings + Golden 1 Middle app, the Kings stated.
The brand new token has no financial worth
Though registration for the rewards program is free, the rewards will be redeemed for prizes and distinctive occasions reminiscent of signed merchandise and courtroom tickets. The kings famous that the tokens don’t have any financial worth and can’t be transferred.
Vivek Ranadivé, CEO and Chairman of Sacramento Kings, emphasised that the crew is simply simply starting to see the advantages of blockchain expertise, as a result of "it adjustments the best way enterprise is performed worldwide, guaranteeing safe transactions throughout a number of sectors and prospects "
Sacramento Kings accepted Bitcoin in 2014
The Sacramento kings are usually not new to blockchain and cryptocurrencies. The basketball crew grew to become one of many first sports activities groups that get started Settle for Bitcoin (BTC) for his crew store in 2014, after a collaboration with the big crypto fee processor BitPay. In June 2018, the kings partnered with crypto mining firm MiningStore for the mining of necessary altcoin ether (ETH) to finance technical training grants.