Thursday, June 28, 2018

Cryptocurrency mania hits the NBA as Sacramento Kings turn their arena into a crypto mining operation

Perhaps it should not be surprising that since many in the rapper community have jumped on the crypto bandwagon, the sport most in their urban communities claim as their own has found crypto's also to their liking.  And on June 27 the Sacramento Kings have become the newest NBA franchise to embrace cryptocurrencies, even to the point where they are allowing their solar powered arena to be used as a crypto mining operation.

From a solar-powered sports arena, to bitcoin and now cryptocurrency mining, the Sacramento Kings are back at it, setting the stages for yet another technological blueprint in the technology sector. The NBA organization announced Wednesday, that it has partnered with global cryptocurrency leader, MiningStore.com, to become the first sports team in the world to mine digital currency. That’s right, the Kings can add another “first’ to its scoreboard of ever-growing technological innovations. 
The Kings are going crypto! The NBA is going crypto! And, so should fans! - Forbes
While the Sacramento Kings franchise appears to be the first NBA team to embrace cryptocurrencies, their owners are not the first to see crypto's and the blockchain as a potential vehicle to help the sport.  No that trophy goes to Dallas Maverick's owner Mark Cuban who last year signed on to co-found a blockchain based sports betting ICO using the proprietary UniKoin platform.

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