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Home»NFT»latest news on NBA NFTs
NFT

latest news on NBA NFTs

2023-05-08No Comments4 Mins Read
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NFT


Recently, Sorare launched Fantasy Basketball and signed a partnership with NBA and NBPA for American basketball fans.

So after entering the world of football and baseball, it has now arrived in the world of basketball with its digital trading cards.

Below you will find some of the latest news from the famous gaming platform and some of the most popular cards.

  • ETH prices on Sorare and collaboration with Mbappé
  • Sorare and the partnership with the NBA
  • Sorare’s most popular cards

ETH prices on Sorare and collaboration with Mbappé

Most recently, as of Game Week 3 (open for registration starting Monday, April 3rd), Sorare announced that managers will be able to compete for ETH rewards alongside Sorare Scarcity Card rewards in Pro Leagues.

All Pro matches (Limited Pro, Rare Pro, and Super Rare Pro) now include ETH rewards based on manager rank.

In addition, the Sorare team is launching a Unique Pro league with a full set of seven unique maps and also includes ETH rewards for the top finishers.

The news doesn’t end there as French player Kylian Mbappé has recently joined Sorare’s NFT fantasy football world.

On the wave of enthusiasm that followed Messi and Griezmann, Mbappé, with a salary of 100 million dollars a year, had already decided in June 2022 to invest in the Web3 world.

Specifically, Mbappé bought a stake in the French startup Sorare as his first investment in the Web3 world, and his NFT card was bought for a value of 416,000 euros by the buyer “Team Bamby”.

Sorare also contributes to the football players’ association “Inspired By KM” (IBKM), which develops educational projects and helps young people discover the possibilities of Web3 technology.

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Sorare and the partnership with the NBA

As anticipated above, Sorare recently brought the NBA into the world of NFT and launched digital collectible cards of basketball stars.

This fall, not coincidentally with the new NBA season, Sorare launched the first officially licensed, free-to-play basketball fantasy game with digital collectible cards.

The Sorare NBA game represents a new way for fans to interact with the world of basketball and compete with other fans through a unique gaming experience.

Specifically, users can create a collection of NFT-based trading cards that represent their favorite players and teams while earning points based on the actual performance of NBA players.

Of course, because of the partnership, Sorare has the right to use the official logos of the league and NBA teams in its products.

In fact, NBA Commissioner Adam Silver had this to say about it:

“Our partnership with Sorare offers NBA fans a whole new way to interact with our teams and players. With Sorare’s emerging fantasy sports platform, we see significant opportunities to grow our fan community and NBA basketball around the world.

Finally, the new gaming experience can count on two million registered users on Sorare in 185 countries, including European and Asian markets where the company is experiencing rapid growth.

In addition, the partnership with the NBA not only marks Sorare’s third partnership with a US sports league, but also consolidates the company’s strong expansion in the United States.

Sorare’s most popular cards

As we know, Sorare has seen an incredible increase in activity in recent years, not only in terms of transaction volume, but also in terms of unique active wallets.

See also  Bitcoin NFTs Help Magic Eden Cross $100 Million in Revenue

In fact, the famous fantasy football dApp has generated transaction volumes of around $11 million and its unique active portfolios have increased by 268%, rather staggering and promising numbers.

In any case, the value of Sorare cards can be quite different, as each card has its own specifics. In particular, the main features in terms of value are rarity, the player’s fame, age, injuries sustained, expressed potential and usefulness in team play.

Undoubtedly, player popularity plays a central role in the price of Sorare cards. For example, Robert Lewandowski, Mbappé, Neymar and Cristiano Ronaldo, real football legends with a fan base that goes beyond the theme of sports, have a popularity that is reflected in the price of their tickets.

Not surprisingly, as expected, Kylian Mbappé’s unique card was the most valuable card ever sold on Sorare as of November 30, 2020 to date (116 ETH). Recently, a super rare card from the same player sold for 58.5 ETH and a rare Mbappé for 22 ETH.

In a nutshell, there are two major trends for Sorare cards to always keep in mind.


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