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How a $2 trillion crypto crash is even affecting the Golden State Warriors

It’s a “crown jewel,” the Golden State Warriors wrote last month. A truly one-of-one item “paired with priceless utilities and once-in-a-lifetime benefits … sure to shatter [bidding] records” due to anticipated “high demand.”

The Dubs weren’t selling off a signed Wilt Chamberlain jersey or even an opportunity to personally meet any one of the team’s stars. Nope: their April 2022 press release was referring to an NFT.

As it turns out, there hasn’t been significant interest in the advertised “crown jewel.” Just a handful of weeks later, the one-of-a-kind NFT’s value has already plummeted.