According to Decrypt, the NBA-themed crypto project Basketball.fun is processing refund requests from users unwilling to wait for the marketplace feature to launch. Developed by Improbable, the team behind the Layer 1 network Somnia, Basketball.fun allows users to purchase digital packs of NBA players and hold "shares" in players, but the trading feature has not yet been enabled. NBA player Tristan Thompson has stepped down from his advisory role with the project. Co-founder and CEO Hadi Teherany stated that 24 refund requests have been received so far, totaling less than $2,000. The project plans to launch its trading feature in April, coinciding with the start of the NBA playoffs, and will offer a 10% purchase bonus to users who choose to wait. Basketball.fun plans to begin selling digital packs on the Base network later this month and will officially activate trading functionality on Somnia. The team has denied allegations of a "rug pull," emphasizing that this is merely a presale phase and that users will be able to sell their packs once the product is fully launched.
Basketball.fun Offers Refunds as NBA Star Tristan Thompson Steps Down from Advisory Role
TechFlowShare
Summary
Project announcement: The NBA-themed crypto project Basketball.fun is processing refunds for users who do not wish to wait until trading functionality launches. Developed by Improbable, the project allows users to purchase NBA player card packs and hold 'shares,' though trading remains paused. NBA player Tristan Thompson has stepped down from his advisory role. Project co-founder Hadi Teherany reported 24 refund requests totaling less than $2,000. Trading is expected to commence at the start of the NBA playoffs in April, with a 10% bonus offered to those who wait. Digital card pack sales will launch on Base later this month, followed by full trading on Somnia. Regarding project funding, the team denied a "run," characterizing it as a pre-sale phase with full trading anticipated shortly.
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