February 10, 2023
By Anjali Kochhar
NFT-driven fantasy game Sorare NBA set a new milestone on Sunday when a 1/1 NFT of Giannis Antetokounmpo sold for $187,000 worth of ETH—by far the highest sale for the relatively young platform.
The single-edition Antetokounmpo NFT was auctioned off through Sorare NBA’s own Ethereum-based platform this weekend and sold for about 113.9 ETH, or just over $187,000.
It’s also the largest-known sale of any Giannis Antetokounmpo NFT. On NBA Top Shot, Dapper Labs’ video collectibles platform on the Flow blockchain, the largest on-chain sale for the NBA championship-winning Bucks star is $95,000 in a transaction from February 2021. It’s tied for the 16th-largest on-chain Top Shot sale to date.
But when compared to physical trading card sales, even Sorare NBA’s best can’t compare to the athlete’s top mark.
An autographed Giannis Antetokounmpo rookie card—with a piece of game-worn jersey embedded into the card—sold for over $1.8 million in September 2020. It briefly held the record for the most expensive basketball trading card sale.
The Sorare NBA sale is significant for a platform that only launched in October, plus comes following several months of declining sales and prices for the wider NFT market. NBA Top Shot, for example, hasn’t seen an NFT sale that high in almost two years.
About the author
Anjali Kochhar covers cryptocurrency stories in India as well as globally. Having been in the field of media and journalism for over three years now, she has developed a sharp news sense and works hard to present information that goes beyond the obvious. She is an avid reader and loves writing on a wide range of subjects.