NFT-based fantasy sports platform Stray It is currently one of the most discussed platforms in the crypto space. Considering the current players, of course. Sorare is a fantasy soccer manager game. Managers (the names given to players) can create virtual teams made up of digital player cards. These player cards are his NFTs on the Ethereum blockchain, where they can be purchased and traded.
Sorare is one of the most successful NFT games, allowing players to make decisions and optimize their teams based on real-life performance of professionals.
Your Game — Experience soccer like never before and bring your fantasies to life. — Sorare.com
Sorare SAS was founded in France in 2018 by Nicolas Julia and Adrien Montfort. Prior to that, they both gained experience in the blockchain space by working together at tech startup Stratum. Soon, Sorare became the most popular game in the soccer NFT universe. Today, he has well over 600,000 managers from 170 countries.
In September 2021, Solare announced that a further €580 million had been invested in a new funding round by Japanese investors. Softbank GroupSorare is currently valued at approximately $4.3 billion. The company employs around 200 people in Paris and New York, making it one of France’s most valuable start-ups.
Sorare now makes hundreds of millions of dollars a year by minting football trading cards.
The company also has expansion plans in other areas. recently announced, Sorare will soon launch its own platform for American baseball league MLB.
Sorare has official license agreements with 245 clubs in 39 different leagues with a total of 6000 different player cards. Among them are FC Barcelona, Bayern Munich and Paris Saint-Germain.
In addition to the numerous official licenses, they also have a number of celebrities backing their startups. Investors include Reddit co-founder Alexis Ohanian and his Gary Vaynerchuk, a well-known multi-entrepreneur. Investors include sports stars such as Antoine Griezmann, Gerard Piqué, André Schürrle, Rio Ferdinand, Oliver Bierhoff and Serena Williams.
- SoRare is a blockchain-based football fantasy game featuring real players and teams or leagues.
- Soccer NFTs will be issued as NFTs on the Ethereum blockchain (ERC721 token standard).
- There are two ways to make money with Sorare NFTs. One is to trade soccer NFTs after they rise in value, the other is to earn weekly income based on the performance of the soccer players lined up for the team.
Player Cards is a licensed digital collection. Each digital card is registered as a unique token on the Ethereum blockchain. Cards have a verifiable rarity. The card’s existence and transaction history are transparently stored on the Ethereum blockchain.
As a result, the card is immutable and tamper-proof. On player cards he has five different categories. The starter card “Common” is untradeable, unlimited, and not very useful for the game. Players of four other rarity types “Limited” (1000 per football player), “Rare” (100), “Super Rare” (10) and “Unique” (1) are available for purchase.
Cards have other information such as the serial number, the season in which the card appears (each season there is a new player card), the player’s age, title, and country.
How to play Sorare on NFT?
Player card NFTs are not only valuable assets, they can also be used in games. For each matchday, the manager creates a virtual team of his five players each. A goalkeeper, defender, midfielder, striker, plus another selected player. In fantasy teams, managers participate in matchdays and compete for prizes. The more players, the higher the prize. After the day of the match, the winner will be determined by points based on the player’s performance (goals, assists, etc.). Depending on the card’s rarity, players also receive different boosts for points earned.
Depending on player rarity and other requirements, managers can sign up for tournaments. Each class has different tournaments, sorted by league, player age, etc.
How much does an NFT cost?
The price fluctuates greatly depending on the player’s rarity and potential. The most expensive player card ever is Erling Haaland’s “Unique” card, which sold for around US$630,000 in January. However, you can buy his less rare Limited cards for a few bucks.
Free cards can only be played within the Rookie League. New player cards can be purchased at auction after being minted, or traded between administrators in their secondary marketplace, the Sorare Marketplace. Buying or trading NFTs requires an NFT wallet.
Apart from Ethereum gas fees and card costs, it is free to play. You can also pay by credit card.
Stolen coins are…just kidding! Nothing. In fact, the game does not need its own utility tokens. Ethereum is all that is needed to pay for gas fees related to his football NFTs and blockchain transactions.
So the way to invest in the success of the platform is to buy and hold Ethereum tokens.
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Since its launch in 2020, the Sora NFT football platform has experienced tremendous growth, growing its user base by more than 500% to nearly 150,000 users in 2021 alone. He also increased his earnings from his NFT auctions in football by more than 5100% (51x). Given that the global fantasy football industry is valued at nearly $16 billion and that he already has an active user base of over 60 million worldwide in 2020, Sorare NFT is expected to grow in existing markets alone. It has great potential. Sorare is also the market leader and has enormous assets, including exclusive licenses for football clubs and leagues. We have a near monopoly in this niche. At the same time, in addition to constantly expanding the soccer fantasy fan base, Sorare has the potential to grow in his two directions. Be it women’s soccer or some other sport.
Technically, the French project is based on the Ethereum blockchain. The manager can buy trading cards with ETH and wins are paid out via her Ethereum blockchain.
Due to its success, Sora plans to expand its ecosystem by creating a new platform for the American professional baseball league MLB in the near future.
Sorare is a mix of classic fantasy soccer and real league and soccer NFTs based on the Ethereum blockchain. One of the best play-to-earning concepts I’ve found so far.