What exactly are those NFTs the Spurs are auctioning after coach Gregg Popovich’s record win?
San Antonio Spurs head coach Gregg Popovich celebrates Friday at the AT&T Center in San Antonio after winning his 1,336th game to give him the most all-time regular season coaching wins in NBA history. The team this week is auctioning non-fungible tokens to recognize the milestone and raise money for the San Antonio Food Bank.The auction is pitched as an opportunity to “own a piece of Spurs history.
Undoubtedly, many Spurs fans would like to own one of these digital collectibles but are not entirely familiar with the tokens. “To this day, I have plays and things written on cards that I keep — well, now in my pants, it used to be your sport coat,” Popovich said on aPopovich said he got the idea to use the cards from Hall of Fame coach Don Nelson. Popovich worked on Nelson’s coaching staff with the Golden State Warriors before joining the Spurs. Nelson had held the record for regular season wins before it was broken by his onetime understudy Friday.
The NFTs can be immediately resold after the auction on any NFT marketplace, the Spurs say on their website., the Spurs caution that there are a variety of risks in purchasing NFTs. The first among them: That markets and prices for NFTs are “extremely volatile, and variations in price of other digital assets could materially and adversely affect the value of a digital asset.”
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