Top-tier basketball star Thompson to launch player tokenization platform basketball.fun

BlockBeats News, September 19, top NBA player Tristan Thompson is collaborating with Improbable CEO Herman Narula and its co-founder Hadi Teherany to announce the launch of a player tokenization platform basketball.fun on the Layer 1 blockchain Somnia, which went live earlier this month, allowing real-time player value tokenization.

Unlike traditional fantasy sports or fan tokens, this platform will tokenize NBA players, whose value will fluctuate in real time based on emotions and performance. Fans will be able to build lineups, predict up-and-coming talent, and receive rewards tied to their predictions and engagement.

The app will not launch with a native token to distinguish itself from projects relying on token price, such as Socios. Instead, players will have in-app value reflecting fan emotions and game outcomes.