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 are some of the latest news from the famous gaming platform and some of the most popular cards.

ETH Prizes on Sorare and partnership with Mbappé

Recently, as of Game Week 3 (open for registration from Monday, April 3rd), Sorare announced that managers will be able to compete for ETH rewards in addition to Sorare Scarcity Card rewards in Pro competitions.

All Pro contests (Limited Pro, Rare Pro and Super Rare Pro) will now include ETH rewards based on the manager’s ranking. 

In addition, the Sorare team is launching a Unique Pro competition with a full range of seven unique cards and will also include ETH rewards for the top finishers.

The news does not stop there, as the French player Kylian Mbappé recently joined Sorare’s NFT fantasy football world. 

Riding the wave of enthusiasm that followed Messi and Griezmann, Mbappé, with a salary of 100 million dollars per 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 purchased for a value of 416,000 euros by the buyer “Team Bamby”.

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

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 digital collectible card basketball fantasy game.

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 will be able to create a collection of NFT-based trading cards representing their favorite players and teams, while earning points based on the actual performance of NBA players. 

Of course, because of the collaboration, 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 will offer NBA fans an entirely 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 grow 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 collaboration with a U.S. sports league, but also consolidates the company’s strong expansion in the United States.

Sorare’s most popular cards

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

In fact, the famous fantasy soccer dApp has generated transaction volumes of about $11 million and unique active wallets have increased by 268%, rather staggering and promising figures. 

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

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

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

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

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The French company founded in 2018, Sorare, announced today that it will soon open up to basketball, with the NBA and NBPA leagues.

After fantasy football and fantasy baseball, the digital fantasy sports platform featuring NFTs announces today, along with the National Basketball Association (NBA) and the National Basketball Players Association (NBPA), a multi-year partnership that makes the platform the official NBA partner for the NFT Fantasy Game. 

Sorare adds basketball to its NFT platform, with NBA and NBPA leagues

Next fall, Sorare will launch the first basketball-related game with officially licensed free-to-play digital trading cards next fall, in conjunction with the new NBA season.

The game will give fans the opportunity to interact with the world of basketball and compete with other fans through a unique fantasy game experience that offers users the chance to create a lineup of NFT-based collectible cards representing their favorite players and favorite teams, play and score points based on the actual performance of NBA players. 

As part of the partnership, Sorare will have the right to use the official logos of the league and NBA teams in its products. 

Nicolas Julia, Co-Founder and CEO of Sorare, said: 

“Our partnership with Sorare will give NBA fans an entirely new way to engage with our teams and players,” said NBA Commissioner Adam Silver. “With Sorare’s emerging NFT fantasy platform, we see significant opportunities to broaden our community of fans and grow NBA basketball around the world.

Basketball is one of the most popular sports in the world and we are excited to bring fans even closer to their favorite teams and players through Sorare.

The NBA has been at the forefront of digital experiences and collectibles and our game gives basketball fans the ultimate sports entertainment experience, where they can play like a general manager, own their game, and foster real-world connections.”

Tamika Tremaglio, Executive Director of NBPA, said: 

“Sorare has built an innovative gaming experience that creates a whole new way for fans worldwide to interact with and learn more about our players. We are very excited about this partnership and the effect Sorare will have on the growth of the players and the game globally.”

Sorare’s expansion

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 especially when it comes to football. The partnership marks Sorare’s third collaboration with a US sports league and consolidates the company’s expansion in the US.

Sorare’s free-to-play NBA fantasy game, based on NFT trading cards, will launch in the fall. To sign up for the waiting list, visit sorare.com/NBA.

In June, we had interviewed Sorare’s Alberto Maiorana, who almost revealed the Sorare basketball project to us. Watch the video interview here.

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NBA Top Shot, a collaboration between the National Basketball Association (NBA) and Dapper Labs, has announced that it is auctioning off 30 new NFTs representing each NBA team and granting each owner a VIP Pass to the next five NBA All-Stars fan experience. 

Not only that, music giant Universal Music Group (UMG) is working with Curio to launch Non-Fungible Tokens of record labels. 

NBA Top Shot, auctioning off 30 new NFTs with All-Stars VIP Passes

NBA Top Shot is auctioning off 30 new NFTs with VIP Passes, which include access to the next five NBA All-Stars for lucky future owners. Here’s the announcement on Twitter:

5⃣ years of #NBAAllStar VIP treatment
Unprecedented access
A groundbreaking 1-of-1 NFT, in partnership with the @NBA

And you can win it for free

Here’s how https://t.co/1og5hl3Io0 pic.twitter.com/RUgWiJWOpb

— NBA Top Shot (@nbatopshot) February 17, 2022

“5 years of #NBAAllStar VIP treatment. Unprecedented access. A groundbreaking 1-of-1 NFT, in partnership with the @NBA. And you can win it for free”.

According to reports, in addition to the auction of the special 30 NFT All-Stars VIP Passes, there would also be a giveaway up for grabs that would allow one lucky fan to be able to win an additional NFT All-Star VIP Pass representing the NBA itself. 

The giveaway is dedicated to NBA fans in the US and Canada who can enter the competition for free with a (new or existing) NBA Top Shot account. 

Chances to win are offered during certain games, where fans will see an exclusive QR code appear during the broadcast that must be scanned in order to grant the fan extra access to the giveaway. The winner will be selected on Tuesday 8 March.

NBA Top Shot and the benefits for new NFT owners

The collection that runs on the Flow Blockchain also listed a number of benefits that future owners of the new 30 NFT All-Stars VIP Passes would have, incorporated into their unique Non-Fungible Token. 

Starting with NBA All-Star 2023 in Salt Lake City, each NFT All-Stars VIP Pass owner will be able to gain access to the inside of the All-Star schedule via a virtual panel with the NBA, participate in the personalized All-Star itinerary with VIP support and have an exclusive invitation to an NBA reception. Also included are two tickets to the NBA All-Star Game and the State Farm® All-Star Saturday Night, which includes the AT&T Slam Dunk Contest, the MTN DEW® 3-Point Contest and the Taco Bell Skills Challenge. 

And finally, fans can get a shootaround with an NBA legend on the court of the NBA All-Star, a gift bag of VIP merchandise, including an NBA All-Star jersey and an on-court photo from the NBA All-Star Game. 

The 30 auctions, in which all Top Shot users can participate, will begin Wednesday, 23 February at 8 PM ET. One NFT auction will be launched per day, with the launch organized by NBA divisions. Each auction will remain active for fans to bid on for seven days.

Universal Music Group (UMG) develops NFT collection for fans 

In other special news, this time for music fans, Universal Music Group (UMG) says it is working with blockchain company Curio to develop NFT collections for fans of its record labels and artists. 

According to reports, the global leader in music-based entertainment appears to have chosen Curio, the leading Non-Fungible Token (NFT) platform for entertainment brands and music artists as a dedicated global platform for future NFT projects, with official licensing of UMG’s record labels, operating companies and artists worldwide. 

Speaking about this, Michael Nash, Executive Vice President, Digital Strategy at Universal Music Group said: 

“UMG and our labels are focused on developing NFT projects that authentically engage and speak to our artists’ fanbases and new audiences. With Curio, our labels will have a secure and dedicated platform to host these premium projects and provide new opportunities for collectors and fans from around the world to acquire unique pieces, inspired by their favorite artists and labels. UMG is focused on developing new opportunities in this space that place our artists and labels at the forefront, working to ensure that the evolution of Web3 provides exciting new avenues for their creativity”.

The first collaborative project with Capitol Music Group artist Calum Scott will launch in spring 2022.

 

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