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The global crypto market cap is $1.69 trillion with a 24-hour volume of $58.36 billion. The price of Bitcoin is $42,805.32 and BTC market dominance is 49.7%. The price of Ethereum is $2,550.65 and ETH market dominance is 18.2%. The best performing cryptoasset sector is Oracle, which gained 6%.
NFT holders will gain access to tickets, memorabilia, photo ops, and more.
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Theta Labs and the NHL’s Vegas Golden Knights announced a partnership on Jan. 16 that will introduce new NFT-based fan experiences.
Mitch Liu, co-founder and CEO of Theta Labs, said:
“The world of sports is evolving, and we are at the forefront of this change with the Vegas Golden Knights. Our vision extends beyond offering unique experiences to broaden the team’s reach … This strategy is transforming the very essence of fan interaction, paving new paths for monetization, and reshaping the global sports landscape.”
The remainder of the press release indicates that the Vegas Golden Knights will launch a series of NFTs on the ThetaDrop NFT marketplace.
Fans will be able to claim those NFTs online and in-person during certain Golden Knights home games for free. Those NFTs will unlock access to game tickets, autographed memorabilia from team members, and VIP moments including photo ops and press conference admissions. One specific opportunity includes access to a 75-guest private viewing lounge on the Las Vegas Strip.
The Golden Knights are notable for their 2023 Stanley Cup victory, establishing the team as last year’s NHL Champions. The partnership aims to captivate the Golden Knight’s fan base and introduce new methods of monetization for the sports industry, according to the latest press release.
Theta Labs is a blockchain and Web3 project that provides a next-generation video, AI, and entertainment platform. The project has obtained partnerships with various firms including Samsung, Fuse Media, and Google Cloud.
The platform’s most active apps include decentralized token swaps such as ThetaSwap, and NFT marketplaces such as OpenTheta and ThetaDrop.
The THETA token currently has a market cap of $1.08 billion, making it the 72nd largest cryptocurrency by market cap, according to CoinGecko. The asset is up up 3.5% over 24 hours, slightly outperforming the crypto market’s 1.3% gains.
Before transitioning to crypto writing in 2018, Mike studied library and information sciences. Currently, he resides on Canada’s West Coast.
CryptoSlate is a comprehensive and contextualized source for crypto news, insights, and data. Focusing on Bitcoin, macro, DeFi and AI.
Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
Theta is a decentralized video delivery network, powered by users and an innovative new blockchain.
Mitch Liu is the co-founder and CEO of Theta Labs and THETA.tv.
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