International Hoops

NFTs and Basketball: Slam Dunk or Worthless Junk?

NFTs and Basketball: Slam Dunk or Worthless Junk?

Here’s an (almost) philosophical question for any NBA fan: What if you could own “The Block”? 

By The Block, we are referring to one of the most iconic moments in basketball history –  when LeBron James’ seemingly materialised out of thin air to block a layup shot by Andre Iguodala in Game 5 of the 2016 NBA Finals. The Block, as it has come to be known, turned the game on its head in the final two minutes, and helped LeBron and the Cavaliers ultimately secure the most unlikely of NBA Championships against the Golden State Warriors. 

Of course, if anyone could be considered to “own” The Block, it’s James. One of the greatest ever NBA players; it’s just one of the magical moments he has created in his storied career. However, those kinds of moments have come up for sale in the seemingly crazy world of digital art and NFTs (Non-Fungible Tokens). 

To explain a bit more succinctly: Companies like Top Shot have started selling clips of important…

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