The world of cryptocurrency has expanded now to another unexplored field as it touched professional sports teams. An announcement was made by the Sacramento Kings that they have plans of cryptocurrency mining through a partnership with MiningStore.com.
The Sacramento Kings, a major NBA team joined hands with MiningStore.com, a leading crypto mining hardware farm to indulge into crypto mining in the near future. However, it is not the first time the team has indulged into crypto initiatives.
It was in 2014 when the team earned the distinction of being the maiden sports organization that formally accepted Bitcoin after entering into a partnership with BitPay. Soon, Dallas Mavericks, another NBA team also followed suit.
Over the last few years, the Sacramento Kings team has created a reputation in the sports world for extracting benefits from various innovative technologies. The team has used a sports complex powered by solar energy to hold their home games.
The new initiative comes as the latest step from the Kings to integrate the Blockchain technology for running their business operations. They also plan to use their cryptocurrency mining plans for launching educational scholarships.
Ryan Montoya, the Chief Technology of the NBA team made an interesting comment in this context. He indicated that the team has been always willing to try out innovations. So, there is little wonder that Fast Company named the Kings as the “most innovative company in sports.”
Sacramento Kings’ Chairman Enthusiastic About Crypto Mining
The chairman and owner of Sacramento Kings, Vivek Ranadive has been insistent about introducing the Blockchain technology into the business operations of the team. According to him, the business process of his company will become more efficient by taking leverage of Blockchain, as has been the case with several other industries, The Sports Bank wrote.
The new initiative of the Kings will lead to the installation of cryptocurrency mining machines in its indoor arena. The plan when implemented will see the use of digital currency earnings to create positive social impact.
The post Sacramento Kings Plan Cryptocurrency Mining Through Partnership With MiningStore.com appeared first on OWLT Market.
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