Jalen Suggs Tries Something Interesting, But So Far, It’s Basically A Failure
However, he’s probably on to something promising
Give Jaylen Suggs credit: he’s trying something new and still not fully in the public consciousness: he announced his move to the NBA Monday with an NFT celebrating his instant-legend shot against UCLA in the national semifinals of this year’s NCAA Tournament.
For those who aren’t aware, NFT stands for non-fungible token. And what that means is something digital is encrypted so that it can't be replicated so that it can have value of scarcity that a normal digital asset, easily and instantly reproduced, can never have.
As a bonus, he’s also including the shoes he wore during the UCLA game.
Unfortunately for Suggs, he’s gotten very minimal interest. He posted his auction on a site called opensea.io and so far has not met the reserve price. Baylor’s stunning dismissal of undefeated Gonzaga in the national championship might have something to do with that.
He might to better to auction the shoes separately to sneaker heads, many of whom, like most of the public, aren’t yet aware of NFTs.
- By the way, we forgot to mention it, but Iowa’s Luka Garza did this and sold his for $40,000, which may have inspired Suggs to follow suit.