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Monumental Sports & Entertainment Simultaneously Launches NFT Collections for Two Teams in Two Different Leagues

Teams have commissioned two renowned D.C. artists to create unique collectables for the NHL’s Washington Capitals and NBA’s Washington Wizards fan base. A first-of-its-kind free NFT will be available to fans within the Wizards Collection.

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Monumental Sports & Entertainment, the ownership group of the NHL’s Washington Capitals and NBA’s Washington Wizards, today announced the first-ever NFT (non-fungible token) collection simultaneously being launched for two professional sports teams in two different leagues. Monumental Sports & Entertainment partnered with OpenSea as their marketplace for this first-time NFT collection.  

“We are thrilled to share these incredible digital collections with Caps and Wizards fans and provide them an accessible entry into the exciting world of NFTs, blockchain technology, and cryptocurrencies,” said Ted Leonsis, Founder & CEO of Monumental Sports & Entertainment.

“Monumental Sports & Entertainment is a digital-first company, and we consistently innovate to provide fans the richest, most immersive, and state-of-the-art experiences. To have the chance to do that and partner with Naturel and Rob Zilla III, two renowned D.C. digital artists – and Caps and Wizards fans, respectively – has been phenomenal.”

NFTs are one-of-a-kind digital assets that have an exclusive owner and exist through blockchain technology. NFTs are akin to collector’s items, albeit in digital form. Whereas a tangible asset may be held physically, its provenance may be difficult to validate. But an NFT’s unique metadata allows ownership to be verified and the buyer and seller operate with full transparency of all transactions and costs associated with the individual piece. Additional information on the concept of NFTs is available on each team’s website. To learn more please visit www.WashingtonWizards.com/NFT (Wizards) and www.WashCaps.com/NFT (Capitals). 

See an example of one of the Wizards NFT offerings: here

See an example of one of the Caps NFT offerings: here

Monumental Sports & Entertainment has partnered with two acclaimed, Washington D.C.-based artists with deep community roots on a respective NFT collection that celebrates the teams, their collective hometown of D.C., and the teams’ extraordinary fan bases. Famed graphic designer Lawrence Atoigue, professionally known as Naturel, has been commissioned to create the Wizards NFT collection, and renowned illustrator Robert Generette III, professionally known as Rob Zilla III, has been commissioned to create the Capitals NFT collection. These leading artists have channeled their unique abilities in design to create powerful art which is visually captivating, taps into the passion Wizards and Capitals fans feel for their teams, and celebrates the unique bond each team has with the community for which they play.  

This announcement comes ahead of making the NFTs available to the public and to educate and generate excitement for the fans ahead of the expected mid-July drop dates. And in a first-ever move for a professional sports team, the Wizards are creating a special edition NFT within its collection which will be available free of charge for the first 500 fans through a creative marketing effort, to be announced by the Wizards later this week.    

The Washington Wizards NFT Collection 

“The Washington Wizards Starting Five” is a five-part NFT series that celebrates the diverse and powerful hometown of the team, Washington D.C. The starting five of a basketball team represent the strongest players to go up against an opponent, and this Wizards NFT series does just that – it is designed for the great basketball fans in the DMV, highlighting the energy and culture that makes The District so unique.  

As part of the collection, the Wizards will also feature a specialty option, “The Sixth Man.” The sixth man is an invaluable member of any basketball team and, in many ways, is key to its success. Through this offering, the Wizards are celebrating their most invaluable asset: the Wizards fan. As a thank you to these dedicated supporters, The Sixth Man NFT will be a free NFT collectible – a first-ever such concept and disbursement program amid professional sports teams. The Wizards organization chose to create these free-of-charge NFTs to ensure that more fans have an opportunity to participate as a founding member of “The Wizards Starting Five” NFT program.  

The NFTs will be sold on OpenSea in five distinct package levels – and some package levels are available to a single buyer and others purchased by multiple buyers. (Details on how fans can pursue The Sixth Man package will be announced shortly.) But regardless of which NFT a fan purchases, the metadata authenticating the purchase will always remain unique to the individual NFT. Some packages also offer additional experiences tied to the individual NFTs being sold.  

·         First Starter: Artist Focused Auction  

This is a 1 of 1 minting to be sold in an auction format that includes unlockable content accessible only by the winner (including Naturel behind the scenes content), courtside tickets for a Wizards home game with the famed artist, Naturel, a personally commissioned portrait from Naturel, a game-worn jersey, and a meet and greet with team owner, Ted Leonsis.

·         Second Starter: Team Focused Auction  

This is a 1 of 1 minting to be sold in an auction format that includes courtside tickets for a Wizards home game and exclusive game access (early entry, watching pre-game warm-ups, attending a post-game media availability with players and coaches, etc.), dinner/meet and greet with a member of basketball operations and team alumni, a game-worn jersey, and a chance to meet team owner Ted Leonsis. 

·         Third Starter: Team Focused Option 

There will be 50 minted, available at $299.99 each that includes two tickets to a Wizards home game and a jersey from the Wizards City Edition collection.  

·         Fourth Starter: Team Gear Focused Option  

There will be 125 minted, available at $149.99 each that includes a jersey from the Wizards City Edition collection.   

·         Fifth Starter: Simple Option 

There will be 200 minted, available at $49.99 each.  

·         Sixth Man: The Sixth Man NFT   

This is a minting of 500, available to fans free of charge.  

About the Artist 

The Wizards have commissioned Lawrence Atoigue, professionally known as Naturel, an illustrative-based artist who has quickly emerged in today’s postmodern scene. His futuristic illustrations have successfully blended methods of Pop and Cubism with a surrealist vision. A social influencer counting numerous NBA stars among his 90,000+ Instagram fans – his talents have attracted the eyes and ears of other celebrity clients such as Macklemore, Swizz Beatz, and countless others. 

On Sale Date 

“The Washington Wizards Starting Five” NFT Collection will go on sale at 9:00 a.m. EDT on July 12 through 9:00 p.m. EDT on July 14, exclusively on OpenSea. The timing of the Sixth Man offering will be announced on Wizards social media channels and on the team website in the coming days. Ahead of the date of the sale, the Wizards Marketing and Communications teams will sustain a campaign to educate fans new to NFTs, create excitement around the collection, drive interest in this new frontier of digital collectibles, and introduce the artist to the Wizards fan base.    

ALL CAPS All-Digital Fan Collectibles

The Washington Capitals are offering two themed collections. The first is a celebration of the 2018 Stanley Cup Championship. For the first time ever, fans will be able to own a digital piece of Capitals history marking the 2018 Stanley Cup Championship. The Capitals are honoring the championship through two unique collectibles within this theme to commemorate the memorable season.  

·         Capitals Stanley Cup Ring  

This is a 1 of 1 minting to be sold in an auction format, featuring the artwork of the 2018 Stanley Cup Championship ring. Ted Leonsis will also present the winner with a physical replica of the Championship ring, which was designed by Jostens and presented to the Capitals players who won the 2018 Stanley Cup trophy. The package also includes VIP access to a Capitals Open Practice at MedStar Iceplex, an autographed puck, a street pole banner from the 2018 Stanley Cup parade, and a personalized, white Away Jersey, the same style worn by Capitals players during Game 5 of the 2018 Stanley Cup Final.   

·         Capitals Stanley Cup Banner 

There will be sixteen minted, available at $499.99 each. Sixteen corresponds to the sixteen wins it ultimately takes to win the Stanley Cup. The Capitals raised the 2018 Stanley Cup Championship Banner at Capital One Arena on Oct. 3, 2018.

The second theme is the Capitals Screaming Eagle Collection. The Screaming Eagle logo was first introduced and featured on Capitals jerseys in 1995 in the blue, black, and bronze color scheme. The symbol of the screaming eagle preying in the downward design direction evokes the energy, power, and speed of an attacking eagle. The Capitals will offer an exclusive Capitals Past to Present VIP experience as outlined below. To honor the year 1995, when the screaming eagle jersey was introduced, fans may purchase a limited number of 95 digital Screaming Eagle exclusive jerseys.    

·         Capitals Past to Present Experience    

This is a 1 of 1 minting to be sold in an auction format. In addition to the NFT, the buyer will receive two glass seat tickets to a 2021-22 regular season Capitals game, be able to watch warm-ups from the penalty box, participate in an ice resurfacer ride during intermission, receive a personalized Screaming Eagle jersey, and participate in a meet-and-greet with a Capitals legend.   

·         Screaming Eagle Digital Collectible Jersey   

There will be ninety-five minted, available at $100.21 each. 

About the Artist 

Robert Generette III is an award-winning illustrator, educator, and self-proclaimed “vector art monster” based in the Washington, D.C. Metropolitan Area. Under the pseudonym Rob Zilla III, he uses an iPad Pro with Apple Pencil to create compelling sports illustrations and portraitures for clients ranging from Nike, NBA (Wizards & Warriors), Major League Soccer (L.A. Galaxy & DC United), ESPN, Cycle, XBOX, and Adobe.  

On Sale Date 

ALL CAPS All-Digital Fan Collectibles will go on sale at 9:00 a.m. EDT on July 15 through 9:00 p.m. EDT on July 17, exclusively on OpenSea.  

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About Monumental Sports & Entertainment

Monumental Sports & Entertainment is America’s leading sports and entertainment family. Our people, players, teams, and events bring excitement and joy to millions. We invest and innovate to consistently raise the game so we can deliver extraordinary experiences that will inspire and unite our community, our fans, and our people. To learn more, please visit www.monumentalsports.com.

Projects

SAND, FLOW, and AUDIO — NFT Tokens Start Moving Upward

FLOW (FLOW) and The Sandbox (SAND) have broken out of a long-term declining resistance line.

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The $0.87 horizontal support area has been regained by Audius (AUDIO).

All three of these NFTs have shown the ability to resume their upward movements in the direction of their nearest resistances.

SAND

Since March 27, SAND has been falling alongside a declining resistance line. It broke out above this line on July 3 and achieved a high of $0.692 on July 17. Just above the 0.618 Fib retracement resistance line, the high was set.

After generating a long upper wick, SAND was unable to maintain the upward movement and decreased.

Technical indications are still positive despite the decline. The RSI and MACD are both above zero. Although the Stochastic oscillator is rising, it has yet to make a bearish cross.

The coin has already completed a five-wave bullish structure (orange) with an extended fifth wave, according to the shorter-term 4-hour chart (black).

It then bounced after retracing all the way to the $0.35-$0.38 support region. The 0.618 Fib retracement support level and a horizontal support area form the support.

SAND must remain above the $0.35-$0.38 support region for the upward trend to continue. It is anticipated to break out from the 0.618 Fib retracement resistance level at $0.61 and advance towards $0.90 if successful.

Summary

  • SAND broke out from a descending resistance line.
  • Short-term indicators are bullish.

FLOW

Since reaching a low of $6.01 on June 22, FLOW has been steadily rising. It broke out of a declining resistance line that has been there since April on July 7.

The coin continued to rise until it hit the 0.382 Fib retracement resistance level at $20, where it was rejected.

Technical indicators are still bullish despite the decrease, as the MACD is positive and the RSI is above 50.

The 0.618 Fib retracement resistance level at $20.80 is the next barrier.

A completed bullish impulse and subsequent A-B-C corrective structure can be seen on the shorter-term six-hour chart (black).

SAND’s decline slowed as it hit the 0.618 Fib retracement support level at $11.51. Since then, the token has been steadily increasing in value.

Both the MACD and the RSI are growing, indicating that the upward trend will continue.

As a result, FLOW will probably seek to break out above $20 again, possibly increasing to $28.80.

Summary

  • FLOW has broken out from a descending resistance line.
  • It is facing resistance at $20 and $28.80

AUDIO

The price of FLOW has broken through a declining resistance line.
Since March 27, when it hit an all-time high of $4.99, AUDIO has been declining. The declining trend continued until June 22, when the price hit a low of $0.59. This has resulted in a breakdown from the $0.87 horizontal support level (red icon).

The price of FLOW has broken through a declining resistance line.
However, the token quickly reclaimed the level and has now confirmed it as support (green icon). If the upward trend continues, the nearest point of resistance will be at $2.05.

Technical indications, on the other hand, are quite neutral. The RSI is at 50, and the MACD is barely below 0 on the chart. Furthermore, even if it has not yet made a bearish cross, the Stochastic oscillator is going downwards.

AUDIO has broken down from a rising support line and is currently validating it as resistance on the two-hour chart.

The token must regain this line for the short-term trend to be considered bullish.

Summary

  • AUDIO has reclaimed the $0.87 support area.
  • It has broken down from an ascending support line.

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Projects

DeFine, a Social NFT Platform, Has Raised $5 Million From Asian Investors

In Asia, the market for nonfungible tokens appears to be expanding. DeFine has received funding from a number of companies and venture capital funds in order to offer NFTs to a wider audience.

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DeFine, a socially conscious nonfungible token platform has raised $5 million in strategic funding as part of a larger drive to bring more businesses into the NFT space.

Huobi Ventures, Abyss, an eSports entertainment firm, and PearlAbyss, a global game developer, lead the round, the company revealed Tuesday. Draper Dragon, NGC Ventures, and SevenX Ventures were among the Asian blockchain funds that attended.

DeFine’s worldwide operations lead, Myoung Hoon Kang, said, “It is my joy to have these significant gaming and entertainment organizations in Asia as key investors. Through strategic investment and collaboration, we will be able to establish new market potential in a variety of industries jointly.”

Investors will receive direct support from DeFine in connecting to the NFT market as part of their strategic investment. The company’s ambition is to build Asia’s largest NFT ecosystem. One of its key goals is to introduce NFTs to the general public, starting with the gaming and entertainment industries.

DeFine bills itself as a social NFT platform for artists, musicians, gamers, influencers, and athletes. Users of the platform have NFT-based social profiles that showcase their accomplishments and contributions to the network.

According to DappRadar data, the sale of NFTs increased by $2.5 billion in the first half of 2021. Gaming and entertainment are two of the most common NFT applications. This trend has been noticed by venture capitalists, who have spent millions of dollars into NFT-focused firms this year alone.

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NFT Marketplace Based on Tron APENFT Burns $2.52 Million in NFT: Details

On Tron, the largest token burn incident in the history of the digital collectibles market occurred.

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On the Tron (TRX) blockchain, APENFT is a pioneering ecosystem for non-fungible tokens. It recently revealed the details of a large token burn event.

NFT Tokens Worth $2.52 Million Were Destroyed

On July 16, 2021, 1.03 trillion of APENFT’s core native NFT assets were destroyed, according to an official notice made on social media by the APENFT team.

This huge quantity was equivalent to $2,520,000 at the moment of the token burn. As a result, this is the most significant increase in scarcity since the APENFT marketplace was launched.

The tokens were sent to T9yD14Nj9j7xAB4dbGeiX9h8unkKLxmGkn, an all-zero Tron (TRX) account, where they were destroyed for good. Therefore, this large batch of tokens has been removed from the NFT circulating supply.

The vast figure is the same as the price of Andy Warhol’s Three Self-Portraits, which APENFT recently purchased on the newly created Binance NFT marketplace.

APENFT Collaborates With Well-known Art Markets

Because NFT is both a governance and a utility token in the APENFT ecosystem, token burn events are exclusively decided by the NFT holders.

On July 7, a community referendum was held, and the proposal was approved on July 10.

Christie’s and Sotheby’s, two famed auction houses, have already joined with APENFT, the first-ever NFT marketplace on Tron. In addition, it has formed a partnership with Beeple and Nifty Gateway, two digital collectibles legends.

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