Sorare’s NBA draft NFT auction: Rookies turn into NFTs

Sorare’s NBA draft NFT auction: Rookies turn into NFTs

Sorare, the celebrated blockchain-based sports game platform, has begun auctioning the first officially licensed NFT digital collectibles featuring the top five NBA draft picks. This innovative step will allow the platform’s substantial community of five million players from 180 countries to own, trade, and engage with these unique digital assets.

Auction line-up

One of the NBA’s fresher faces, Victor Wembanyama of the San Antonio Spurs, has secured a spot in this high-profile auction. Sorare‘s players, who fancy themselves as “managers,” can now bid, collect, and incorporate Wembanyama’s unique NFT card into their fantasy Sorare: NBA lineups for the forthcoming NBA season.

The auction doesn’t stop at Wembanyama. It also features the digital avatars of other rising stars, including Brandon Miller of the Charlotte Hornets, Scoot Henderson of the Portland Trail Blazers, Amen Thompson of the Houston Rockets, and Ausar Thompson of the Detroit Pistons.

These limited edition cards flaunt a rookie badge, placing them in the rare card category for the 2023-2024 season. And they’re more than just eye candy: they also offer a 10% XP bonus throughout the season.

The auction’s ripple effect

Having kick-started on July 9, 2023, the auction paves the way for Sorare’s sophomore year as the NBA’s trusted partner in the world of fantasy NFTs. In its inaugural season, Sorare shook up the court, with Nic Claxton (Brooklyn Nets), Luka Dončić (Dallas Mavericks), and Giannis Antetokounmpo (Milwaukee Bucks) rising to be fan favorites on the platform.

The highlight of Sorare’s journey so far? In February, a one-of-a-kind Giannis Antetokounmpo card fetched a staggering $187,000, breaking all previous sale records on Sorare: NBA.

Sorare: Where sports and blockchain intersect

Founded by Nicolas Julia and Adrien Montfort in Paris in 2018, Sorare has consistently aimed to bring sports fans closer to their favorite teams and players. Today, with a $4.3 billion valuation and an impressive roster of athlete investors, including Serena Williams, Lionel Messi, and Zinedine Zidane, Sorare is leading the charge in redefining fan engagement through blockchain and NFTs.

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