Socios, the blockchain-based platform that has tokenized many sports franchises worldwide, has partnered with the National Basketball Association'south Cleveland Cavaliers.

In a Mon announcement via blockchain-based sports platform Chiliz, Socios said the Cavaliers' practice jerseys would prominently feature its logo this upcoming season, scheduled to brainstorm later in the yr. The platform also said it was currently in the review and evolution phase on "fan date elements" for the team, potentially referring to tokens or digital collectibles.

"This is the kickoff of an heady partnership that we believe can eventually lead to greatly enhanced fan engagement for fans of the Cavaliers around the globe," said Socios and Chiliz CEO Alexandre Dreyfus. "Socios.com is fast developing into a global fan engagement powerhouse, where passive fans are being transitioned into real players in the day-to-solar day activities of their favorite teams."

Many basketball franchises have already inked partnership deals with Socios. Earlier this month, the firm announced a similar arrangement for branding and a digital presence with the Boston Celtics, while the Philadelphia 76ers joined the fan token platform in June. The partnerships with United States-based sports teams are part of Socios' expansion into Northward America, where it plans to open up a regional office in the about future.

Related: Arsenal FC to launch AFC Fan Token on Socios

The Socios announcement comes as basketball teams in the U.South. and Canada have seemingly moved to bring sports deeper into the crypto infinite. The Portland Trail Blazers will reportedly have the logo of crypto rewards company StormX on its team jerseys for the adjacent five years, beginning with the upcoming season. The Canadian Aristocracy Basketball League also announced last month it would be assuasive players from its 7 teams to accept a portion of their salaries in Bitcoin (BTC) starting this season.