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So Rare has teamed up with the NBA for a new fantasy basketball game. So Rare allows players or I guess users in the sense to buy and sell digital cards representing basketball players. It was valued at $4.3 billion after $680 million series be around. The NBA organization as a whole got into NFTs with NBA Topshot, which is where NFT holders can trade quote, top shots that go up and down over time.

Welcome to Chain Reaction, where we unpack and explain the latest in crypto news, drama and trends, breaking things down block by block for the crypto curious.

For our Thursday episode focused on major news topics this week, we discussed the latest drama surrounding crypto mega exchange Binance which is making its presence known in the stablecoin game and shaking up the ecosystem as it looks to muscle its way to supremacy. We also covered:

Sorare gets into NBA fantasy sports thanks to a new partnership with the league. Can Sorare beat out Dapper’s NBA Top Shot?
MicroStrategy ex-CEO and Bitcoin bull billionaire Michael Saylor sued for tax fraud by DC Attorney General; the government estimates Saylor may owe as much as $100 million in income taxes to DC.

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Chain Reaction comes out every Tuesday and Thursday at 12:00 p.m. PT, so be sure to subscribe to us on Apple Podcasts, Spotify or your favorite pod platform to keep up with the action.

Chain Reaction comes out every Thursday at 12:00 p.m. ET, so be sure to subscribe to us on Apple Podcasts, Spotify or your favorite pod platform to keep up with the action.