NFT Fantasy Basketball Game Coming to Sorare
Sorare will be offering an NFT-based fantasy basketball game in the fall, the company announced Wednesday morning on Twitter.
The company, which has done about $420 million in transactions since January of 2020, also announced that former Los Angeles Clippers forward and six-time All-Star Blake Griffin and three-time Defensive Player of the Year Rudy Gobert of the Minnesota Timberwolves were investing in the company. The amount of the investment was not released.
“Our partnership with Sorare will give NBA fans an entirely new way to engage with our teams and players,” said NBA Commissioner Adam Silver in a Medium article from the platform. “With Sorare’s emerging NFT fantasy platform, we see significant opportunities to broaden our community of fans and grow NBA basketball around the world.”
The announcement of Griffin and Gobert as investors also invited readers to sign up for the Sorare: NBA game's waiting list, though there were no such lists on the Sorare site as of 9:15 a.m. ET Wednesday. Users can still sign up for a Sorare account at the Sorare website.
Earlier this year, in May, Sorare announced a partnership with Major League Baseball to offer a fantasy game based off the success of its NFT soccer game. The day the MLB product launched, Sorare did almost $1.5 million in volume. Sorare claims it has two million registered users.
“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: NBA” said Nicolas Julia, co-founder and Chief Executive Officer at Sorare, in a Medium article. “The NBA and the players have 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 own game, and foster real-world connections.”
The partnership comes as NBA Top Shot has seemingly shelved its oft-teased Hardcourt game, which has appeared on the Top Shot site randomly and is still being developed, according to CEO Roham Gharegozlou's last response to a concerned Top Shot user on Twitter.
"I share your desire but it's something better to do right than rushed," Gharegozlou said.