LCAP

Lionheart Acquisition Corp. II

10.78
USD
13.24%
10.78
USD
13.24%
8.94 11.70
52 weeks
52 weeks

Mkt Cap 254.95M

Shares Out 23.65M

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Magic Johnson Enters the NFT World With Top Shot

Retired Los Angeles Lakers alum Magic Johnson is working with NBA Top Shot to release a brand new collection of NFTs that will feature some of the most iconic moments in his career. NBA Top Shot is a recently launched non-fungible token marketplace, and stands to gain the user base it requires through this new NFT drop. The new collection is set to drop on June 7, and is said to focus on five of the greatest moments from Magic Johnson's time with the Lakers. Top Shot and Magic Johnson Johnson made history in his career with the Lakers, winning five NBA championships and three MVP awards, earning him a spot in the NBA Hall of Fame. Many consider Johnson to have revolutionized the game of basketball. Top Shot's efforts to celebrate Johnson's career with NFTs is certainly a big thing for NBA fans and NFT enthusiasts alike. With so many retired legends like Johnson spawning highly valuable sports memorabilia, this metaverse venture could create a new era of digital collectibles that could dwarf the value of physical sports memorabilia. If Top Shot is able to draw enough NBA fans to their marketplace with exclusive drops like this, Top Shot is sure to break away from the competition. The future of sports NFTs This partnership between Johnson and Top Shot could mean big things for Top Shot's brand one way or another. The success of the marketplace could end up relying on the success of Johnson's NFT drop. The success of Johnson's NFTs could have larger effects on other famous retired athletes. The metaverse could become a desirable space for retired stars to connect with fans in new ways, reinvigorating their personal brands. Other retired athletes may be tempted to jump on the bandwagon of NFTs to celebrate their careers in new ways. The bottom line Johnson and Top Shot's NFT collaboration could mean big things for the future of NBA fandom, both in terms of the Top Shot marketplace and in the way that fans interact with their favorite all-stars. With a handful of Magic Johnson's greatest moments becoming NFTs as soon as June 7, the popularity of this series of tokens could have wide-reaching effects on the sports section of the metaverse. With Top Shot, Johnson is looking to make history once again. Looking to get into NFTs, but don't know where to start? Check out our comprehensive guide to investing in NFTs and get minting today! Earn a $50 bitcoin bonus Our updated list of the best cryptocurrency apps for 2022 is packed with best-in-class picks. The cryptocurrency apps that landed on our shortlist include perks such as $0 commissions, and one pick that is offering a $50 bitcoin bonus. Check out the list here and get started on your crypto journey, today. We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community. Reaching millions of people each month through its website, books, newspaper column, radio show, television appearances, and subscription newsletter services, The Motley Fool champions shareholder values and advocates tirelessly for the individual investor. The company's name was taken from Shakespeare, whose wise fools both instructed and amused, and could speak the truth to the king -- without getting their heads lopped off.

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