Cleveland Cavalier is set to launch its own non-fungible token collectibles and this move made the NBA team the latest in the league to jump into the world of NFTs. The team will also be introducing its virtual lockers designed for fans to store their Cavaliers NFT collectibles.
The Cleveland Cavaliers teamed up with Sweet, a New York-based NFT platform and marketplace, for this new project. Starting this week, fans can have the chance to claim free virtual lockers that will serve as a place where fans can keep and put their digital Cavaliers collectibles on display.
According to Business Insider, the locker will be unlocked on Sunday, Feb. 6 and this is before the Cavs faces Indiana Pacers for a game match on Saturday, Feb. 12. For fans who are planning to watch the game in person, some of them can receive the very first Cavaliers NFT. These will be given in the form of a digital t-shirt that they can display in the virtual locker.
The game attendees for the home games will be eligible to get the game-issued NFTs. The collectibles are available for fans who will be at the Rocket Mortgage FieldHouse during the Cav vs. Pacers match.
The branded t-shirt features the “Let ‘Em Know” print and fans can also choose to buy other NFTs that will be released on that day. Fans can put all of their Cleveland Cavaliers NFTs inside the “My Cavs Locker.”
The other NFT collectibles that will be dropped throughout the 2021-2022 NBA game season will include sneakers, varsity jackets, branded tees that may also have a version in the real world, a mini fridge, and more. Fans who can personally attend the games for the rest of the season may buy the available NFTs or even get them for free if there are promos.
“Ultimately, this will be an ongoing promotion, not just for the remainder of this season but for upcoming seasons, meaning fans can continue to build out, curate, and showcase their ‘My Cavs Locker’ into the future,” Cleveland Cavaliers’ senior vice president and chief information officer, Mike Conley, said in a press release. “This offers our supporters a fantastic and fun way to own a digital shrine, showcasing their love for the team.


Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 



