The NBA franchise Sacramento Kings has revealed that their relationship with crypto hasn't been easy. Fans are keeping the assets now that prices are up. According to a press release published on the NBA’s official website on October 17, the Sacramento Kings, a professional basketball team based in the capital city of California, has partnered ... Vivek Ranadivé, the chief executive of the Sacramento Kings, took some time to laud blockchain technologies and its applications in the NBA’s gaming app in a press comment: “We have only just begun to see the benefits of blockchain technology as it transforms the way business is conducted worldwide, ensuring secure transactions across multiple sectors and customers. Sacramento Kings have had a long line of development in the crypto space starting in 2014 when they began accepting Bitcoin payments for merchandise. Last week, a report by BitMex got a lot of attention when it was revealed that privacy and scability of the Lightning Network is less than expected. Researchers discovered double the number of non ... Sacramento Kings were pioneers of crypto in the NBA, accepting bitcoin as payment as early as 2014. This isn’t the Kings’ only crypto venture. In 2018 they launched MiningForGood cryptocurrency mining charity. That same year Kings partnered with CryptoKaiju to release a limited-edition crypto collectible. Press Release; Prices; Events; Opinion + Copied. NBA Sacramento Kings Leverage Blockchain for Authentic In-Game Gear Purchases ... The Sacramento Kings have been early adopters in the crypto space and have now added blockchain security into their business. It began in 2014 when the team became the first NBA side to accept Bitcoin payments and then moved onto mining Ethereum. Now leveraging the ... Sacramento Kings will benefit from the platform in the hope that it is shared with other NBA teams if it is deemed a success in the future. ADVERTISEMENT This is just the latest foray into blockchain technology for the Sacramento Kings team, which is based 90 miles northeast of the city of San Francisco.
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