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Steph Curry Scores NFTs as Adidas Joins Nike in Metaverse: Crypto Minute

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In the latest episode of the Crypto Minute, Ross Mac of Maconomics explored Steph Curry and Adidas’ NFT bets and a recent survey discussing bitcoin ownership.

Transcript: 

We are used to Chef Curry dropping points, now he's dropping a series of record breaking NFTs...while Adidas earned a crazy amount off its own NFTs sale.

It’s ya boy Ross Mac and these are the biggest cryptocurrency stories on Monday, Dec. 20.

Steph Curry dropped a surprise NFT to celebrate breaking the NBA's all-time three-point record. He broke Ray Allen's record by hitting 2,974 3-pointers and as a result he will be releasing 2,974 NFTs for each 3 made along the way. Now this won't be the last time that Curry releases NFTs...Let's see what he does next

Not to be outdone by Nike...Adidas sold around $22 million in NFTs in a single afternoon on Friday by releasing over 29 thousand NFTs. The NFTs were minted in a partnership with the Bored Ape Yacht Club, Punks Comics and Gmoney. Now, there were a few hiccups along the way, but Adidas promised to reimburse people who lost gas fees. Adidas said that this is just the beginning on its website, as it looks to get deeper in the metaverse

According to a study from the National Bureau of economic research, the top 10,000 bitcoin accounts own five million bitcoin, which--depending on the day and price--is the equivalent of hundreds of billions of dollars. The WSJ found that, of the 114 million who hold bitcoin, about 0.01% control 27% of the 19 million bitcoin currently in circulation...that doesn't sound too decentralized.

TheStreet's Crypto Minute is brought to you by Blockchain.com.

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