NBA and the Adoption of Digital Technologies

Golden State Warriors’ Klay Thompson and Andre Iguodala receive a part of their salary in Bitcoin.

Technological advancement is visible in virtually every sector – economic, academic, and even sports. The National Basketball Association is one of those sectors that has embraced the many changes technology offers. In different aspects of the game, we have seen the move from what it used to be to what it is now, thanks to emerging technologies.

Recently, we have seen NBA players delving into making investments in cryptocurrencies, with some using the Ethereum calculator to ensure they are investing correctly. Reports also have it that some teams pay their players with digital currencies.

In this article, we shall examine some of these digital technologies and their roles in the NBA.

Digital Currencies

One of the significant impacts of digital technology in the NBA is the adoption of digital currencies. Since the introduction of cryptocurrencies like Bitcoin, Ethereum, and Litecoin, we have seen widespread adoption across different sectors. Therefore, it is not surprising that some NBA players like Klay Thompson and Andre Iguodala have taken the lead and announced that they would be receiving part of their payments in Bitcoin.

It is also predicted that more players will join this trend of accepting payments in Bitcoin in the coming years, while many clubs will partner with crypto companies. These partnerships will mean players and clubs can now directly invest in Bitcoin, Ethereum, Litecoin, or any other digital currencies available.

Chips and Sensors

The gear of NBA teams has changed over the years. Thanks to technology, players and officials alike now have chips and sensors included in their gears. For coaches, these devices help them keep track of the workload, acceleration, and progress of players. Officials wear them also to know when major happenings occur on the court that other players or officials may not get a clear view.

Interestingly, these chips and sensors are tiny and can be placed anywhere underneath the player’s jersey. What is more fascinating is that they do not cause discomfort to the player’s gameplay.

Online Gaming Platforms

As the NBA is expanding, many people are interested in the games. Some as players, others as fans and bettors. There’s been a massive increase in the number of people placing bets on NBA games. Many online betting companies have emerged to cater to this growing need, allowing users to play their favorite games and players. Regardless of your location, you can choose a suitable one for you, provided it is secure, and access to payments is seamless.

Interestingly, with the existence of several gaming platforms, many basketball lovers have started building professional betting careers. They begin by developing a gaming strategy that can be used to play and win in the short and long term. On many of these online gaming platforms, crypto enthusiasts can fund their accounts using Bitcoin or Ethereum. Additionally, these individuals can use accredited crypto exchange platforms for those platforms that do not allow for direct crypto funding.

Social Media Platforms

While the NBA has been around for a long time, there is no denying that social media have amplified the voices of teams, players, and coaching. As a result, many teams now have a strong social media presence that continues to attract a growing number of fans globally. As more people become aware of the NBA, the more its marketing power increases, and the higher its chance of getting increased views and profits.

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