As of today, Sorare, the renowned blockchain-based sports game platform, will be auctioning the first officially licensed non-fungible token (NFT) digital collectibles featuring the top five NBA draft picks. This exciting development opens up new opportunities for Sorare’s vast community of five million players in 180 countries who actively engage in collecting and trading digital assets.
As part of the auction, NBA player Victor Wembanyama of the San Antonio Spurs will have a card included. Sorare players, known as “managers,” will have the opportunity to bid, collect, and incorporate these unique collectibles into their fantasy Sorare: NBA lineups for the upcoming NBA season.
These special edition cards will showcase a rookie badge and belong to the rare card category for the 2023-2024 season, providing a 10% XP bonus throughout the season. Sorare holds the official NFT fantasy partnership with the NBA and the National Basketball Players Association (NBPA).
Other featured players in the auction include Brandon Miller (Charlotte Hornets), Scoot Henderson (Portland Trail Blazers), Amen Thompson (Houston Rockets), and Ausar Thompson (Detroit Pistons).
The Significance of the Auction
Commencing today, July 9, 2023, the auctions precede Sorare’s second season as the NBA’s fantasy NFT partner. Sorare experienced significant success during the previous season, with Nic Claxton (Brooklyn Nets), Luka Dončić (Dallas Mavericks), and Giannis Antetokounmpo (Milwaukee Bucks) emerging as the most popular players on the platform.
Notably, in February, a unique Giannis Antetokounmpo card fetched a record-breaking $187,000, marking the highest sale ever recorded on Sorare: NBA. Nicolas Julia, CEO of Sorare, expressed his enthusiasm, stating, “As a French NBA fan, I followed this year’s draft with great interest… ”
“We’re committed to giving fans new ways to connect with their favorite stars, and this will give Sorare Managers the chance to own a truly unique part of NBA history, add exciting players to their collection, and play their digital player cards in their lineups.”
Founded in 2018 by Nicolas Julia and Adrien Montfort in Paris, Sorare aims to bring sports fans from around the world closer to the players, teams, and leagues they adore. With its headquarters in France and a team of 160 employees, Sorare has attracted significant attention and investments.
The company recently secured $680 million in funding, valuing it at $4.3 billion. Notably, Sorare boasts an impressive roster of athlete investors, including Serena Williams, Lionel Messi, Zinedine Zidane, Rio Ferdinand, Antoine Griezmann, Gerard Piqué, Blake Griffin, and Rudy Gobert.
With a global community of passionate sports enthusiasts, Sorare continues to redefine fan engagement by leveraging blockchain technology and NFTs. The upcoming auctions offer Sorare Managers the chance to own exclusive pieces of NBA history, enhance their collections with outstanding players, and integrate these digital player cards into their fantasy lineups.
As Sorare solidifies its position as a leading platform in the sports NFT ecosystem, the auction signifies another significant milestone in the convergence of sports and blockchain technology.