NBA Star Victor Wembanyama NFT Sells for $110,000+ in Record-Breaking Auction
An NFT trading card based on NBA rookie phenom Victor Wembanyama sold for over $110,000 on Thursday, far surpassing the $67,333 that an individual paid for his physical trading card back in August.
The card, released by the officially licensed fantasy basketball game Sorare, went for 61.182 ETH, or about $110,120 at the time of the auction’s conclusion. The NFT is a unique single-edition card, meaning that auction winner “YNWA” is the only person to possess it.
“It is a milestone for the digital collectibles market that the highest amount ever paid for a Wembanyama card is now for a 1 of 1 digital Sorare Unique card,” a Sorare spokesperson told Cryptonews over email. “It is a testament to Victor Wembanyama’s enormous talent and popularity as a rising star of the league, as well as the core advantages of a digital Sorare card over a traditional physical sports collectible – proven ownership and real utility.”
According to Sports Illustrated, Wembanyama’s record physical trading card sale was sold in August at a price of $67,333 on Goldin, an auction platform for collectibles. The physical card was a “pre-rookie” card, released ahead of his official NBA debut.
The record-breaking sale can be attributed to Wembanyama’s fast-growing reputation as one of the most talented young players in the league. Yesterday, the 7-foot-4 center posted a monstrous statline of 38 points, 10 rebounds and 2 blocks to help his San Antonio Spurs topple the Phoenix Suns by a score of 132-121.
Sorare is a cryptocurrency-based fantasy sports game. Collectors purchase NFT digital player cards with Ethereum to create a virtual team of five players in soccer, basketball or baseball. Based on their players’ real-life performances, collectors can earn
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