03/11/2023 NBA Star Victor Wembanyama NFT Just Broke His Trading Card Record—Here's How

San Antonio Spurs phenom Victor Wembanyama is putting up numbers—both on the court and in Sorare NBA. Here’s how much his NFT sold for.

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AnEthereumNFT trading card based on NBA rookie star Victor Wembanyama sold for over $110,000 Thursday, apparently topping the record sale for one of his physical trading cards.

Released by Sorare NBA, an officially licensed fantasy basketball game, the single-edition “Unique” digital trading card of San Antonio Spurs player Wembanyama—this year’s first pick in the NBA draft—ultimatelysold for 61.182 ETH, or about $110,120 at the time that the auction concluded.

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According to media reports, the top sale for a physical Victor Wembanyama trading cardcame in August at a price of $67,333via auction platform Goldin, which included the buyer’s premium. That was for a “pre-rookie” card ahead of his official NBA debut. Sorare’sNFTauction came just days after “Wemby” started racking up numbers on the Spurs.

“It is a testament to Victor Wembanyama’s enormous talent and popularity as a rising star of the league, as well as the core advantages of a digital Sorare card over a traditional physical sports collectible—proven ownership and real utility,” a Sorare representative toldDecryptvia email.

Sorare launched in 2019 with itsoriginal fantasy soccer game, which remains its largest draw, and has since launched league-specific games with the National Basketball Association and Major League Baseball. Each game features NFT trading cards that can be used in-game by players to build their lineups, which can then earn them rewards such as cryptocurrency and additional NFTs.

Between its platforms, Sorare has generated more than $713 million worth of NFT sales to date, per data fromCryptoSlam. The company lastraised a $680 million Series Bfunding round in 2021 that valued Sorare at $4.3 billion.

Sorare NBA’s record NFT sale came back in February, when an NFT based on Milwaukee Bucks star Giannis Antetokounmposold for 113.9 ETH, or about $187,000 worth at the time.

Arts

https://decrypt.co/204203/nba-victor-wembanyama-nft-broke-record?amp=1

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