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Giannis Antetokounmpo NFT Sells for Record-Breaking $187K on Sorare NBA
It can’t match the gargantuan sale price of the Bucks star’s top physical card sale, but it smashes the previous Sorare NBA record.
Sorare NBA, an officially licensed and NFT-driven fantasy basketball game, 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 tripled the USD sale price of the previous peak sale: an Anthony Davis NFT that sold for over $62,000 (nearly 49 ETH at the time) in December, per data from CryptoSlam.
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.