Sacramento Kings NBA Franchise Partners With Ankr

Collaboration marks the latest in a string of blockchain-related initiatives for tech-focused basketball team.


Source: Shutterstock


key takeaways

  • Team’s collaboration with decentralized infrastructure provider Ankr will include education initiatives around advancements in the crypto space
  • The Kings launched its MiningForGood program in 2019 to help offer scholarships for Sacramento-based causes

The Sacramento Kings organization is partnering with software platform and decentralized infrastructure provider Ankr in an effort to continue supporting the growth of the blockchain industry.

Through the partnership, the Kings and Ankr will produce educational content, host events and create innovative projects that showcase ways to support

Ankr, which launched in 2018, provides infrastructure, APIs and tooling for developers to build and scale decentralized applications or marketplaces for decentralized finance (DeFi), NFTs and any other Web3 implementations.

As of 2021, Ankr’s protocol supports more than 50 proof-of-stake chains through its network. It offers staking solutions that aim to eliminate barriers to entry for users of Ethereum 2.0, Polkadot, Polygon and Avalanche.

“Sports can be a powerful platform to educate and embrace innovation,” Sacramento Kings Owner Vivek Ranadivé said in a statement. “We are proud to partner with Ankr to further align our synergies around forward-thinking initiatives and provide fans educational opportunities about the crypto economy.”

In collaboration with Ankr, the Kings will be creating an annual event at Golden 1 Center where it will invite students, developers and fans to learn about the advancements in the crypto space, according to John Rinehart, the team’s president of business operations. There will be the potential to award scholarships for students that are interested in careers in the technology field, he added.

“Using the most technologically advanced arena as a backdrop, it is a perfect setting to discuss what the future holds,” Rinehart told Blockworks. “Ankr will partner on our MiningForGood program to allocate mining proceeds to help train and steward a new workforce for the blockchain industry.”

Ankr CEO Chandler Song said in an email that the company was inspired by how the team’s owner has infused his passion for technology to the team. “Sacramento Kings already have an integrated blockchain strategy, running nodes and mining crypto as part of their commitment to the ecosystem,” Song told Blockworks. “There are many ways we will be able to support their future initiatives as they continue to immerse themselves in this space.”

Chandler Song
Chandler Song; Source: Everipedia (uncredited)

In addition to the MiningForGood initiative, created to support a multi-year scholarship program, the Kings have launched a string of blockchain-related initiatives in recent years. 

The team announced the NBA’s first blockchain-powered reward program with Blockparty in 2019 and also collaborated with CryptoKaiju that year to launch the first physical crypto-collectible in professional sports. 

In 2020, the Kings launched the league’s first live blockchain-powered auction platform with Consensys and Treum in 2020. ConsenSys, an Ethereum software company, announced earlier this week its acquisition of Treum’s team and NFT platform to advance its offerings in the growing sector.

Most recently, the Kings created a collection of 85 NFTs depicting the 1985 commemorative pin given out during the team’s inaugural season in Sacramento.


Upcoming Events

Hilton Metropole | 225 Edgware Rd, London

MON - WED, MARCH 18 - 20, 2024

Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience:  Attend expert-led panel discussions and fireside chats  Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts   Grow your network […]

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research



Akash is a general-purpose compute platform with GPUs, storage, LLM training or inference, and validator hosting through its two-sided marketplace.


The DOJ announced charges against the founder of the Hong Kong-based exchange in January


The collection has not previously been available to the public


Potential approval of a spot bitcoin ETF could be “a rare buy the rumor, buy the fact event,” LMAX Group market strategist says


Even as his bank moves into the blockchain space, Jamie Dimon tells senators the government should shut down the whole industry


If what Coinbase says is true — that crypto is a legitimate financial alternative — then it must kick its addiction to supply inflation


The SEC could allow half a dozen or more such funds to launch at once, Ark Invest CEO says