One of the better stories we have heard this past year, the Mamba and Mambacita Foundation which was created in tribute to the late legend Kobe Bryant may be receiving a very generous donation thanks to a non-profit project called the KB24 NFT Collection. KB24.com served as Kobe Bryant’s official website for about 10 years spanning from 2006 to 2016. Kobe Bryant also known as the Black Mamba used the website to share with his fans content, thoughts about the game, his life, sell exclusive merchandise, and craft a community for his fans and basketball lovers. Unfortunately, the domain expired at some point unexpectedly and was taken by a malicious group who used the domain's power for their own malicious purposes. That was the case for years until now when a group of Kobe Fans took over the domain through a sort of auction to help restore integrity to their heroes' history.
This is the start of a beautiful story unfolding in front of our eyes with the new KB24.com website. Revived by Kobe fans and serial entrepreneurs, Andy Treys and Sako Waves, the duo are set to disrupt the NFT and Non-Profit Space through a world stage NFT drop called the KB24 NFT Collection which will be raising over $2.5M dollars on the first day and an estimated $50M shortly through secondary markets trades. So what is really going on? The duo with the help of their friends and fans from all over the world are creating a NFT collection that will mint 10,000 unique KB24 NFT Art Pieces that will go on sale in the near future. The art project is unique as it is combining the art world with the blockchain world. Crafting 10,000 unique NFTs that fans and collectors can own featuring their legendary basketball player Kobe Bryant while being able to respectfully memorialize the legends website, creating a cool community that has turned almost into a family, and the best part perpetually donating millions of dollars to the organization.
NFTs if you are unaware are nunfunigble-tokens, a sort of verification and signature on digital files verified through the blockchain, which let people know who owns the real art. Which is then able to be showcased, and enjoyed like other collectibles just like any piece of art created physically would be. The interesting part about the process is how these NFTs are created is that they are unique programmatically generated at the time they are minted. Meaning each NFT will look similar to one another but will have different rarities associated with jerseys, backgrounds, rings, and a few other attributes we are yet to get some more information on. The NFTs will go on sale at some near time in the future and will be sold for .08 ETH each. Additionally, through the project they have added special features into the NFT such that in the future when any of the NFT art pieces are sold, 10% of the sale fee would automatically be donated to the Mamba and Mambacita Foundation. This is a revolutionary breakthrough for many industries especially for art and non-profit organizations. Before this breakthrough when artists sell their art and it goes up in value, the artist can never capture any of its success only the person selling the art, now the artist has an incentive being able to capture 10% of the sale as royalties. This same feature translates perfectly for non-profit organizations, says Sako Waves, who believes NFTs should play a vital role in charity fundraising events, allowing charities to capture donations as a part of their auctions, raffles, and events in perpetuity. Its important to also note, the sale of the NFT is only one of the many unique features and advantages this type of campaign creates for nonprofit organizations. The community component is another feature which Andy Treys believes is important for the longevity of the project, and says the KB24 is offering many unique benefits to the KB24 NFT holders that are to be released soon.