The KB24 NFT project has revealed the official launch date for their NFT cart collection, which is inspired by the late NBA icon Kobe Bryant. According to the press release, the collection will be available on October 8th.
Several NBA players, including Nerlens Noel, Dwight Howard, Metta World Peace, and Kenny Smith, have expressed strong support for the project. In response to the developments, Los Angeles Lakers center Dwight Howard stated,
“I am astounded by how quickly the KB24 community has grown in such a short period of time. I’m excited to get more involved in the NFT space, as this is a significant movement in the art world. It’s an honor to be able to help the Mamba & Mambacita Foundation!”
The NFT Collection in Detail.
All proceeds from the sale of the NFT collection will benefit the Mamba and Mambacita Sports foundation, which was established in memory of Kobe Bryant and Gianna Bryant. The KB24 project is essentially a collection of 10,000 NFTs that were generated algorithmically and are now available on the blockchain. Each NFT in the collection has its own set of characteristics, which are divided into eight distinct categories.
The initial value of each NFT would be 0.08 ETH, or approximately $250, while newly minted NFTs would cost the same as their NFT rate. Mamba and Mambacita will benefit financially from the project as a result of the initial sales of the NFT project. The project would have generated $2.5 million if all 10,000 NFTs were sold on the first day.
Attempting to Influence the NFT Space
Andy Treys, one of the co-founders of the KB24 NFT project, stating that it hopes to change the NFT space.
“We want to alter the NFT landscape. There is so much opportunity for the NFT community to support charities and make the world a better place. We’re not doing this for fame or fortune; we’re doing it to keep Kobe’s legacy alive in the digital realm forever.”
NFT creators will also receive royalties from each sale and subsequent sales of the NFT, with royalties also paid for future resales. A 10% fee will be collected and donated to the Mamba and Mambacita Foundation for each KB24 NFT sold. Royalties from the NFT project are expected to total more than $50 million, which will be donated to the foundation.