certify
Home arrow Article arrow Article Detail

Sorare Partners With NBA for NFT-Based Fantasy Basketball Game

Profile Image

Pavan A Follow

INDIA

Sep, 08 2022

Sep, 08 2022

likes | comments 0

Article Image

NBPA and NBA have signed a deal with Sorare. NFT National Basketball fantasy partner, Sorare will get exclusive rights to use the NBA league and team insignia. 


A multiyear partnership between the French company and NBA will debut in NBA 2022-23 with the launch of an officially licensed fantasy basketball game using NFT technology. The game will be called "Sorare: NBA." 


The NBA game is free to play for anyone 18 years or older, and people can join the waiting list to get notified once it becomes available. It will feature digital cards representing basketball players, and users will be able to build lineups of players based on their performance in real life and earn points. 


In a statement, NBA commissioner Adam Silver said, “Our partnership with Sorare will give NBA fans an entirely new way to engage with our teams and players,” 


He adds, "With Sorare’s emerging NFT fantasy platform, we see significant opportunities to broaden our community of fans and grow NBA basketball around the world. 


Earlier in May, Major League Baseball announced a partnership with Sorare to launch its online game, solidifying the company's expansion into the United States. The company also holds rights to over 280 international soccer clubs that play in prestigious leagues including Italian Serie A, Bundesliga, and LaLiga. 


Sorare's Ethereum-powered platform, which offers collectibles for a fantasy soccer game, received 680 million in funding last year with a valuation of $4.3 billion. 


Dapper Labs has done a similar NFT experiment with its game NBA Top Shot. It's a memorable NBA moment when users are able to access and resell these non-fungible tokens. 

? 

 


likes | comments 0

Profile Image

Pavan A

CBW - External Analyst

INDIA

Comments
Data Centre Construction - World First artificial intelligence AI-Tech Utility Token
banner
Article
Innovative Bitcoin Tool Empowers Billions of Companies with Lightning-Fast BTC Payments, Revolutionizing the Trillion-Dollar Market

The LINER (Lightning Index Rate) index is a cutting-edge tool that Amboss, a well-known Lightning data provider, has released in a bid to spur business adoption of Bitcoin's Lightning Network.;

Disclaimer: The information is for informational purposes only.​ This advertisement does not constitute financial advice or any other advice. You should consult with a financial professional to determine what may be best for your individual needs. None of the information and/or content available through this advertisement is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any company, financial product, security or commodity. To the maximum extent permitted by law, we disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable or result in any investment or other losses. In Making the investment decision, investors must rely on their own examination of the issuer and the terms of the offerings, including the merits and risks involved. Investments are speculative, illiquid, and involve a high degree of risk , including the possible loss of investment.