Formerly recognized as more of a fun, casual sport played on the streets, FIBA, basketball's world governing body, is now trying to develop 3x3 into another legitimate form of basketball.

In order to achieve that goal, FIBA has targeted a place for the sport at the Summer Olympics.

Alex Sanchez, FIBA's director for 3x3 basketball (which is perhaps more widely known as 3-on-3), is confident that the new game will be an Olympic event at the 2020 Games in Tokyo.