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An Ethereum NFT trading card based on rookie NBA star Victor Wembanyama sold for more than $110,000 on Thursday, apparently topping the record sale for one of his physical trading cards.
Released by Sorare NBA, an officially licensed fantasy basketball game, a single-edition “unique” digital trading card of San Antonio Spurs player Vembanyama – the first pick in this year’s NBA Draft – ultimately fetched 61.182 ETH, or about $110,120 at the time. Sold. That the auction is over.
According to media reports, the top sale of a physical Victor Vembanyama trading card took place in August through auction platform Goldin for a price of $67,333, including buyer’s premium. This was for a “pre-rookie” card before his official NBA debut. Sorare’s NFT auction comes just days after “Wemby” started running up numbers on the Spurs.
A representative for Sorare told Decrypt, “This is a testament to the immense talent and popularity of Victor Vembanyama as a rising star of the league, as well as the key advantages of digital Sorare cards over traditional physical sports collectibles—proven ownership and real utility. ” Via email.
Sorare launched in 2019 with its original fantasy soccer game, which remains its biggest attraction, and has since launched league-specific games with the National Basketball Association and Major League Baseball. Each game features NFT trading cards that players can use in-game to build their lineups, earning them rewards like cryptocurrency and additional NFTs.
Between its platforms, Sorare has generated over $713 million worth of NFT sales to date, according to data from CryptoSlam. The company last raised a $680 million Series B funding round in 2021, valuing Sorare at $4.3 billion.
Sorare NBA’s record NFT sale came back in February, when an NFT based on Milwaukee Bucks star Giannis Antetokounmpo sold for 113.9 ETH, or about $187,000 worth at the time.
Edited by Guillermo Jimenez
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Source: decrypt.co
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