KB24 NFT Project Announces Official Launch Date

Sun 03 Oct 2021 ▪ 10h34 ▪ 3 min read — by Hugh Renolds

Kobe Bryant’s legacy is set to continue digitally as KB24 NFT has announced the official launch date for its collection. According to a press release, the launch date is set for 8th October.

The growing popularity of KB24

The KB24 project is a collection of 10,000 NFTs. Each NFT has its own unique attributes, and the collection is split into eight different categories.

The initial cost of each NFT will be 0.08 ETH, or about $250 (~£185). Mamba & Mambacita Sports will receive money from the project through the initial sales. If all 10,000 NFTs are sold on the first day, the project will immediately bring in $2.5 million (~£1.85 million).

The project received significant support from NBA stars including Nerlens Noel, Dwight Howard, Metta World Peace and Kenny Smith.

“I am amazed at how fast the KB24 community has grown in such a short amount of time. I’m excited to engage more in the NFT space, and this is a movement that carries great significance in the art world. It’s thrilling to be supporting the Mamba & Mambacita Foundation!” says Dwight Howard.

All proceeds from the sale of the collection will go to the Mamba & Mambacita Sports Foundation, created in honour of Kobe Bryant and Gianna Bryant.

To change the NFT space

One of the co-founders of the KB24 NFT project Andy Treys said in an interview with Forbes that he hopes to change the NFT space. “We want to change the NFT space. There’s so much room for the NFT community to give back to charities and make this world a better place. We’re not doing this for fame or fortune, and we’re doing this because we want to extend Kobe’s legacy to the digital realm forever.”

Earlier on, it became known that the creators of the NFTs will also receive royalties from each sale with a 10% commission. This money will be donated to the Mamba & Mambacita Sports Foundation. The project is expected to generate over $50 million.

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Hugh Renolds

I believe in the bright future of crypto. I have been investing since 2017 and look to share my experience in, and thoughts on, crypto and the blockchain.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

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