Summary:
Sorare’s latest non fungible token project involves the National Basketball Association.The web3 startup plans to launch an NFT Basketball fantasy game soon.Games for soccer and baseball were previously launched.The collaboration while using NBA can be an expansion of sports-related NFTs offerings in the startup
Paris-based web3 startup Sorare has teamed up while using American National Basketball Association (NBA) because of its third NFT game because the company hopes to expand its esports offering and bolster its presence inside the digital collectible space.
The outfit was founded by Nicolas Julia and Adrien Montfort in 2018 as an organization centered on bridging sports and web3. Since that time, the startup has published the world’s first NFT-based football (soccer) fantasy game featuring over 280 licensed clubs.
Sorare Co-founders Nicolas Julia & Adrien Montfort
Julia and Montfort’s company also offers a partnership with America’s Major League Baseball franchise. The collaboration birthed a fantasy game with digital collectibles from all 30 official baseball clubs in the united kingdom.
The web3 firm also achieved unicorn status after closing a $680 million series B funding round let by SoftBank. At press time, the business is valued at $4.3 billion with backs like aldeA Ventures and World Cup Winner Antoine Griezmann.
Notably, the NFTs issued by startup are powered by Ethereum blockchain. At press time, Ethereum boasts the lion’s share of NFT activity and trading volume by data from DappRadar. The OG blockchain network feature high-rated NFT collections like Bored Apes and Crypto Punks.
[DB] Sorare teams up with NBA for a fresh NFT fantasy basketball game: TechCrunch
– db (@tier10k) September 7, 2022
Sorare Basketball Fantasy NFT Game JUST AROUND THE CORNER
The news headlines marks an expansion of Sorare’s esports offering right into a third franchise – Basketball. Furthermore, the move could tap users from Dapper Labs’ NBA top shot to bolster Sorare’s massive two million-strong user base.
The NBA is among the biggest sports leagues in america plus some of its stars like Stephen Curry are no strangers to NFTs.
Similar to its other fantasy game, players on the upcoming NBA NFT game can buy, sell, and trade digital collectibles featuring NBA players. Wednesday’s announcement didn’t disclose a definitive date for any game’s release.
Because of this multi-year partnership, Sorare will launch an officially licensed NFT-based fantasy basketball game this fall. It’ll be called… Sorare: NBA.