Categories: Bitcoin Business

NBA & Blockchain: glimpse of the future?

Click here to view original web page at

These days it seems companies quite enjoy adding “2.0” to the end of everything: Internet 2.0, web 2.0, etc. Well, there’s a new sheriff in town -- its name is 3.0 -- and even the NBA is jumping on the bandwagon. NBA 3.0 is a new business philosophy by Vivek Ranadive -- majority team owner of the Sacramento Kings -- an all-star NBA team -- and the concept has blockchain at the heart of it.

Vivek Ranadivé coined "NBA 3.0," and said it “focuses on investments in technology, globalization, and deep community partnerships.” One of those core investments is in blockchain -- which the King’s used to become the first NBA team to not only accept payment in Bitcoin from their fans but also to mine Bitcoin in their stadium!

In fact, Vivek Ranadive is so obsessed with blockchain technology that he and his team partnered with legendary billionaire investor Mark Cuban. Vivek commented on this development by saying “We are maniacally focused on creating the most seamless experience for our fans in all facets,” said Ranadivé. “With BitPay, we are able to implement a technology that allows our fans to make Kings-related purchases without physically reaching into their wallets. A major tenet of the NBA 3.0 philosophy is about utilizing technology for the betterment of the fan experience, and this is yet another step in that process.

And speaking of steps in a process, the Sacramento Kings also set up a charitable program – MiningForGood. They’re using their arena, Golden 1 Center, the world’s most technologically advanced and sustainable arena, and a partnership with to run cryptocurrency miners in their Tier 4 data center.

I’m not done! Not even close to done with this new NBA 3.0 business philosophy. On August 14, 2019, just a week ago, the Mavericks took a page from the King’s playbook. They become the second NBA team to accept Bitcoin from their fans for everything from tickets to souvenirs.

This business endeavor also went hand-in-glove with Mark Cuban and a company called Lympo. With all these deals being forged across sports teams, businesses, and more -- it is safe to say that intelligent investors have seen the potential of blockchain -- and they are cashing in. After all, the Sacramento Kings began accepting Bitcoin in 2014. Back then the price of a single Bitcoin hovered around $850. Now, as we all know, it’s hovering around $10,000.

What will the price be in another 5 years? Time can only tell -- but if major investors like NBA teams are devoting time and energy to it -- don’t you think we should too?

R.R. Hauxley traveled around the world ... 1 year on 1 Bitcoin. 20 countries, 12 months, 1 Bitcoin. He wrote a book about it: Stolen Wallets and Where to Buy Them. Along the way he met and interviewed the sharpest, brightest minds in crypto today: Vitalik Buterin, Charlie Lee, and more. Today Rafael educates the crypto curious and delves further into the incredible world of blockchain.


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by

Recent Posts

Everyone’s Worst Fears About EOS Are Proving True

The Takeaway: EOS is the world’s seventh-largest blockchain by market cap, with a value topping $3 billion since February 2019.… Read More

3 hours ago

Street Artist Makes $12,000 in Bitcoin Donations

A French street artist best known for painting lady liberty leading the yellow vests has stated he has received more… Read More

4 hours ago

Wave Financial Launches World-First Bitcoin Yield Fund: Wave BTC Income & Growth Digital Fund

LOS ANGELES, Sept. 19, 2019 /PRNewswire/ -- Wave Financial LLC (Wave), a leading asset management firm focused on digital assets,… Read More

4 hours ago

Nigerian man returns bitcoins worth $80,000

Keith Mali Chung returned Bitcoins worth $80,000 mistakenly transferred to him. A Nigerian man who found $80,000 dollar's worth of… Read More

4 hours ago

Bitcoin Surrenders Post Fed Rate Cut; Pullback Awaited

Bitcoin slipped below $10,000 on Thursday after the Federal Reserve cut benchmark lending rates by 25 basis points.The BTC/USD instrument… Read More

4 hours ago

Bitcoin Hashrate Hits All-time High as Price Dwindles

The benchmark metric of miners confidence in the Bitcoin network established its all-time high on Thursday.Hashrate, which reflects the processing… Read More

4 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More