An Ethereum NFT Trading Card of NBA Rookie Victor Wembanyama Sells for Over $110,000
An Ethereum-based NFT trading card featuring NBA rookie star Victor Wembanyama has been sold for more than $110,000, surpassing the record sale price of one of his physical trading cards. The digital trading card, released by Sorare NBA, a licensed fantasy basketball game, is a unique edition and represents San Antonio Spurs player Wembanyama, the first pick in this year’s NBA draft. The auction concluded with a final bid of 61.182 ETH, equivalent to approximately $110,120 at the time.
In August, a physical Victor Wembanyama trading card was sold for $67,333 via Goldin auction platform. However, Sorare’s NFT auction took place just after the player’s impressive performance on the court for the Spurs. A representative from Sorare highlighted that the high price achieved demonstrates Wembanyama’s talent and popularity as well as the advantages of digital Sorare cards over traditional physical collectibles.
The Future of Sports Memorabilia: Sorare’s NFT Trading Cards
Sorare entered the market in 2019 with its original fantasy soccer game and later expanded to include league-specific games with the NBA and MLB. Each game incorporates NFT trading cards that players can use to build their lineups and earn rewards such as cryptocurrency and additional NFTs. To date, Sorare has generated over $713 million in NFT sales across its platforms. In 2021, the company raised $680 million in Series B funding, valuing it at $4.3 billion.
Hot Take: Digital Collectibles Taking Over
The sale of Victor Wembanyama’s Ethereum NFT trading card for over $110,000 highlights the growing popularity and value of digital collectibles in the sports memorabilia market. Sorare’s unique edition card surpassed the price of its physical counterpart, demonstrating the advantages of digital NFTs, such as proven ownership and real utility. This sale signifies a shift towards digital assets and opens up new possibilities for fans and collectors to engage with their favorite athletes through blockchain technology.
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