The first NFT-based fantasy basketball game.
Sorare is a French Fintech startup that permits users to create their own digital Football teams. Launched in 2018, the firm first had the vision of building an NFT marketplace of collectible cards for different football players and football clubs. This guided to the first round of series A financing of about 40 million euros. This year in September 2021, the firm completed the second round of series B financing and got approximately 680 million euros. This was made achievable thanks to various big names such as the Japanese FinTech SoftBank, alongside other venture capital funds, such as Benchmark, Accel and Headline, Atomico, Bessemer Venture Partners, and D1 Capital.
This partnership with the NBA and the National Basketball Players Association (NBPA), will allow users to accumulate and utilize Ethereum NFT cards established on experienced players from the league. Users may join leagues that reward ETH and NFT cards for excellent performances, just like in Sorare’s soccer and baseball games, by gathering a lineup from the NFT players they own.
It will be to be fascinating to witness how Sorare draws new players for its NBA game. Currently, Sorare has two million enlisted users, but most of them are from Europe and Asia. While Sorare inked a pact with Major League Soccer so that it could insert the U.S. soccer league into its game, basketball and baseball are much more prevalent than soccer in the U.S.
— NBA (@NBA)
Sorare intends to launch the NBA game in the next 2022–23 season, which starts on October 18. There aren’t any further details yet, so it will be interesting to see if there will be some versions in card rarity levels and game programs relying on the configuration and tempo of the proficient basketball league.