NBA Star Lebron James Files Trademark For NFT Collection

Lebron James is about to hitch a rising record of celebrities leaping on the NFT bandwagon. The L.A. Lakers ahead was seen submitting 4 trademark purposes for NTFs and digital collectibles.

The submitting was identified on Twitter by trademark lawyer @KondoudisLaw. It was not instantly clear when, and on what platform the gathering will likely be launched. CoinGape was unable to right away attain James for a remark.

The 37-year previous basketball star isn’t any stranger to the crypto world. Earlier this 12 months, he appeared in a Superbowl spot for crypto.com , seen interacting along with his youthful self.

Digital collectibles that includes James are additionally already obtainable on the NBA’s formally licensed “Top Shots” market, which is operated by Dapper Labs.  Final April, a prime shot that includes a slam dunk by James bought for $400,000, Yahoo Sports reported.

Rising variety of celebrities enterprise into NFTs

James’ foray into NFTs will see him be a part of a rising record of celebrities and artists within the area. On Tuesday, music producer SIA revealed she was an energetic participant on NFT market OpenSea, underneath the pseudonym Bianca_de_Medici. The artist additionally has a twitter handle underneath the identify with over 18,000 followers.

Rapper Snoop Dogg had released an NFT collection final 12 months that includes recollections from his early years. Socialite Paris Hilton launched a Barbie-themed collection that bought for $1.1 million, whereas rapper Eminem raised $1.8 million by means of a giveaway. Tesla proprietor Elon Musk has additionally been an energetic participant within the NFT neighborhood, not too long ago rumored to have purchased a Bored Ape NFT for 600 ETH.

The rising movie star involvement highlights a growth in NFTs since 2020. The worth of the NFT market surged to $24.9 billion in 2021, from $95 million in 2020, in line with knowledge from Dapp Radar.

Whereas their momentum seems to have slowed down in 2022, NFTs seem to have change into a mainstay within the crypto neighborhood. The rising reputation of the Metaverse has additionally boosted the idea of digital possession espoused by NFTs.