Sorare, a French fantasy game startup, reached an agreement with the National Basketball Association (NBA) to build a non-fungible token (NFT) game under its license, allowing the company to use team names and player likenesses from the league. The company, which had already signed similar agreements with North America’s Major League Baseball (MLB) and some […]
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What is Sorare and how to play it?
Sorare is a football fantasy game in which participants use digital player cards to buy, sell, trade, and manage a virtual team.
Sorare is where fantasy soccer and cryptocurrency meet. For soccer fans, this is a way to be competitive off the field and invest heavily right away. Users can play the game online in their browser or download the Sorare app. In this article, you will read all about what exactly Sorare is and how it works.
What is Sorare?
Sorare is a blockchain-based fantasy soccer game adored by many soccer fans worldwide. The founders of the platform want to give fans the opportunity to develop and play the game, even when they can’t play it on the field. Users can buy, trade, sell and manage a virtual team with digital player cards.
By competing against other users of this fantasy football game, you can earn points. It’s more than simply playing virtual tournaments because you need to build strategies and create lineups. The more you know about the real-life performances of your players, the more points you earn.
The Ethereum-based platform was developed in 2018. In 2020, trading Sorare players cards were sold for $52,500 and in 2021, the prices went up to $3.6 million.
How to play Sorare?
Playing Sorare is something different than following the league on TV. As a manager, you can put together a virtual team — this Sorare beginners guide gives you a head start. The game’s core is the collectible digital cards, better known as nonfungible tokens (NFTs). When users sign up for the Sorare gameplay, they get five cards of players for free.
Related: How to create an NFT: A guide to creating a nonfungible token
Users can start right away without investing any money. But, is Sorare free to play? Yes, it is, but if you want to level up your game, you can start trading. Each soccer team has five essential positions: the goalie, defender, midfielder, striker and substitute player. Users buy these player cards on the OpenSea NFT marketplace. Based on the real-time performances of the soccer players, your team is awarded a number of points within the SO5 league games.
Users’ players compete every week in virtual tournaments, and based on their performances on the physical field points are awarded. Is a player punished with a red card or does the soccer player score a goal in real life? Then you win or lose points in the game accordingly.
As a user, you’ll see this reflected in the number of points, in a positive or negative way. Keep in mind that luck is also an important factor because a top player can also be given a rest and be benched. Just when you had that player lined up in your team, too — bummer.
To protect the dynamics of the game, there are also rare collectibles NFTs, which come in rare, unique and super rare items. Last February, professional footballer Erlin Haalands’ card was sold on auction for nearly $700,000, and you could’ve followed the sale live on Twitter. Sorare NFTs can be bought or sold with the cryptocurrency Ether (ETH).
Should you invest in Sorare?
The choice to invest in Sorare isn’t ours to tell, but we can inform you about the worth of the Sorare cards. In the end of 2021, the auction prices were as follows:
- Rare cards are available from 0.005 ETH;
- Super rare cards from 0.048 ETH;
- Unique cards started at 0.478 ETH.
Directly on the website, you can track all trades and statistics so you are always aware of the value of your potential future cards.
The play-to-earn game uses its own currency, the SOR token. It’s an ERC-20 token compatible with the Ethereum blockchain. As a user, you can stake this token or use it to trade your Sorare NFTs. When you choose to stake SOR, it’s possible to generate a passive income. However, the token is mainly used to buy new collectible cards.
How to earn points on Sorare?
There is a fierce debate on various forums about the value of player cards on Sorare, but the platform itself has simply made the point count public. You can find it under the FAQ on Sorare’s site. Players’ scores are made up of several elements, as mentioned in the image below:
The decisive score can be either negative or positive due to different factors such as goals, penalties, red and yellow cards, own goals, missed opportunities and assists. The overall score is determined by a list of no less than forty actions including tackles, duels lost or won, a missed pass or an opportunity created.
When users hold a card of a football captain, they receive a bonus in points of 20%. Do they trade in a player of the ongoing season, it’s worth +5%.
How does Sorare work?
You now know how the game is developed and why you could invest in this NFT fantasy soccer game. Signing up is easy, but we’ve created a step-by-step plan for you:
The five cards you receive at registration are purchased with fictitious money. They, therefore, have no financial value and cannot be traded with ETH.
Related: Decentralized finance (DeFi): A beginner’s guide
If you really want to play the fantasy football game and invest in some collectible cards, then you can begin with Sorare. Everything you buy with your own money is worth something and can be sold at a profit in the future. However, ensure to conduct proper research before committing your funds into any decentralized finance (DeFi) project.
FC Barcelona set to launch NFT soccer moments with Ownix
Ownix's CEO, Guy Elhanani, revealed to Cointelegraph that first 5 NFT's will be debuted by the club in a minting event at the end of November.
The FC Barcelona soccer club has partnered with Ownix to debut the launch of its nonfungible token, or NFT, collection focused on enhancing the connection to its global audience.
The series will showcase historic moments from the club’s 122-year history, one that includes an illustrious trophy display of 95 domestic and international triumphs, including 26 national league and five UEFA Champions League titles, according to archive data from Wikipedia.
The digital assets will be facilitated through Ownix's marketplace, and is expected to launch in the final week of November utilizing the platform’s native ERC-20 token ONX.
Cointelegraph spoke to Guy Elhanani, the CEO of Ownix, for exclusive insight into the partnership.
Cointelegraph: Will the NFT collection be immediately accessible to Barcelona's global fan base or will, for instance, season-ticket holders and other core groups be granted early access?
"We're opening our collection to all Barcelona fans and anyone around the world, we're not restricting it to the fan-base.”
NFTs are becoming rapidly adopted in the sporting landscape, not just for their lucrative financial appeal, but also as an opportunity to engage fans and supporters around the world with more immersive and personal experiences. The likes of Dapper Labs, Sorare and Socios to name a few, have all made considerable advancements in this nascent space, collaborating with some of the world’s top professional leagues, clubs and athletes.
Ethereum-based NFT marketplace Sorare has recently penned partnership agreements with Spain’s top-tier soccer division, La Liga, to launch digital cards of players, as well as Germany’s corresponding league, the Bundesliga, to introduce digital moments.
The platform has reported trading volumes in excess of $170 million throughout 2021 and expects to double that figure before the year is out.
Cointelegraph: How will the assets be launched on the marketplace? In a dutch auction, limited edition drop, minting event, etc?
“The first 5 NFTs will be launched in a minting event which will take place within the next few weeks in FCB facilities. In the first few weeks after the launch, the platform will offer unique items as NFTs. Further down the line, limited editions and collections will also be put up for auction.”
Related: Pro sports leagues are no longer resisting NFTs: Dapper Labs
To conclude our conversion, we asked Elhanani to share his expectation for the receptiveness of Barcelona’s fans and supporters in embracing this new asset class.
He expressed high “enthusiasm” for the adoption as both parties seek to connect their relationship on a deeper level, a sentiment echoed in comments from President of FC Barcelona, Joan Laporta.
Sorare CEO shares bold vision on NFTs during Web Summit 2021 opening night
The co-founder of the French tech unicorn discussed major innovations that could come as a result of developments in the NFTs industry.
Web Summit 2021, the biggest tech conference in the world, kicked off on Monday in Lisbon, Portugal, and will last until Nov. 4, 2021. In an opening statement, Carlos Moedas, the Mayor of Lisbon, said that "My dream is that Lisbon will be the capital of innovation in the world." Meanwhile, João Leão, the Minister of Finance of Portugal, stated:
"Portugal is the country people come to invest, to do business and to look live, and to do so in a manner that is open to different cultures."
Notable guest speakers included Facebook whistleblower Frances Haugen, Black Lives Matter co-founder Ayo Tometi, and Nicholas Julia, co-founder and CEO of French non-fungible token, or NFT, fantasy gaming company Sorare.
NFTs are digital certificates of ownership representing artwork, images, videos, music, and more. They are stored in one's digital wallets, while the actual assets can be stored on-chain or off-chain, depending on size. Sorare enables players to manage their own football (soccer in the U.S.) teams with digital player cards minted as NFTs. These cards can be bought, sold, and transferred.
When asked about the future of the NFT industry within five to ten years, Julia said the following:
"NFTs will be the underlying technology for everything of value on the web. It could be monetary value, or it could be personal value. I mentioned personal identity earlier on, so that's something an NFT could carry for you on the web. It's going to be invisible."
Founded in Paris three years ago, Sorare's valuation has grown from $270 million to $4.3 billion. Japanese multinational conglomerate SoftBank led its latest round of funding in September. According to Julia, half a million users joined the platform organically, without any marketing. More than 200 football clubs worldwide are currently partnering with Sorare. Based on the company's profile on NFT marketplace OpenSea.io, Sorares cards' cumulative trading volume has surpassed 50,200 Ether (ETH).
But Sorare also seeks to expand outside the realm of NFTs for gaming. Julia issued the following statement in that regard:
"We want people to feel the benefits of it, that you truly own your digital good, that you can move it, and so it. We don't want the friction of the crypto, and that, most of the crypto products of today as complicated I see it as a technology that's going to underpin everything of value on the web."
UK Gambling Commission opens inquiry into fantasy NFT soccer game Sorare
The UK gambling watchdog is trying to determine whether or not fantasy NFT soccer game Sorare should be required to have a gambling license.
The Gambling Commission in the UK has opened an inquiry into Sorare, a popular NFT fantasy soccer game that raised $680M in a funding round last month
“The Gambling Commission is currently carrying out enquiries into the company to establish whether Sorare.com requires an operating license or whether the services it provides do not constitute gambling.”
However Sorare — which closed a $680 million funding round for its NFT trading card platform in September — denied it was involved in anything approaching “regulated gambling”.
“We are very confident Sorare does not offer any forms of regulated gambling. This has been confirmed by expert legal opinions at every stage since the company was founded, including during a number of fundraising rounds,” it said on the company blog.
According to a "consumer information notice" from the Commission released earlier this week, Sorare is not currently licensed and consumers should take care when interacting with the site:
Sorare added: “We will always engage and have an open dialogue with authorities who reach out to us to learn more about our game
According to Sorare's website, "Sorare is a Fantasy Football Game based upon blockchain, where you can win rewards for picking the best lineups."
Developed in 2018 by Nicolas Julia and Adrien Montfort, players buy, sell, trade, and manage a virtual team with digital player cards. The Ethereum-based based platform has partnered with 100 soccer clubs including household names like Real Madrid and Liverpool.
In an opinion piece on Gambling Insider, Richard Williams, a gambling and regulation partner at Keystone Law, argued that Sorare may fall into the category of pool betting or gaming regulated activity under the Gambling Act 2005:
“The Commission will no doubt carry out a thorough review of the product, but there is certainly a legal question mark over this. It is possible that the product could fall into the betting (pool betting) or gaming regulated activity under the Gambling Act 2005, depending on how it is structured.”
Nifty News: Dapper Labs pursuing DAO’s, Bundesliga partners with Sorare, and more.
Dapper Labs acquires social startup Brud, German’s Bundesliga partners with Sorare, Archdiocese of Bangkok launches first-ever Catholic NFT and Etched to launch social impact hockey NFT.
Dapper Labs targeting DAO's with Brud acquisition
Dapper Labs, the $7.5 billion team responsible for NBA Top Shot and Flow Blockchain, acquired virtual influencer start-up Brud this week. In the Monday announcement, CEO Trevor McFedries announced a new initiative titled Dapper Collective which will aim to support communities in building decentralized autonomous organization, or DAO, through Flow blockchain.
Brud is infamous for its creation of social media avatars, most notably Lil Miquela, a fictional 19-year-old Robot living in LA with 3 million Instagram followers.
The avatar influencer has intrigued social viewers with her fashion and beauty sponsorships, dramatized lifestyle with family and friends, and release of an NFT image series.
Brud has expressed ambitions for Lil Miquela to become the next Kardashian model and will focus on expanding the character's brand and influence, alongside other characters within the new Dapper Collective model.
We share a belief that crypto’s evolution from currency to NFTs enabled consumers to become owners, and now the evolution of #NFTs to #DAOs enables us all to participate in the value we create. #DapperCollectives
— Dapper Labs (@dapperlabs) October 4, 2021
Bundesliga partners with Sorare to launch ‘Moments’
Global fantasy soccer game Sorare announced a partnership on Wednesday with Bundesliga International, a subsidiary of DFL Deutsche Fußball Liga, the organizing body of the two top-tiers of German football: Bundesliga and Bundesliga 2.
This news establishes the Bundesliga as the second high-profile league behind Spain’s La Liga to join forces with Sorare on NFT venutres.
The collaboration will enable supporters, collectors and gamers worldwide to play and trade NFT player assets from the Bundesliga divisions — including illustrious teams such as FC Bayern München and Borussia Dortmund — as well as participate in digital NFT Moments upon it’s 2022 launch, a feature akin to NBA’s Top Shot.
CEO and co-founder of Sorare, Nicolas Julia, spoke of the potential impact this venture could have on the footballing world:
“The Bundesliga is one of the best leagues in the world, home to some of the most exciting clubs and footballers on earth. We are very proud to partner with them to launch our first NFT Moments - we are building the future of fandom together.”
The Paris-based NFT marketplace benefited from a $680m Series B funding round last month led by Japanese fintech giant SoftBank, a raise which took the firm's total valuation to $4.3 billion. In addition, Sorare recently announced intentions to invest in women’s sports initiatives, believing that NFT’s can “significantly accelerate the development” of the game.
CEO of Bundesliga International, Robert Klein also commented on the implications of digital assets in sporting ecosystems:
“We are delighted to be partners with such a dynamic and exciting company. NFTs are a digital technology of the future that should not be underestimated – especially in the sport sector. I am therefore convinced that this collaboration will give rise to further impulses."
Related: ‘We want to be the brand of the metaverse,’ says RTKFT’s Chris Le
Etched to debut hockey NFT to foster diversity inclusion
Social impact NFT marketplace Etched is set to launch their first asset offering on Oct. 12 in partnership with the Hockey Diversity Alliance, or HDA, a collective of former and active National Hockey League, or NHL, professionals assembled to enhance the diversity and representation of minority communities in the sport, as well as eradicating racial prejudice.
The NFT is titled “The Formation'' and will be available as one of 2,400 NFT with an individual minting price of 0.08 ETH.
Details of this inaugural NFT sale are available on https://t.co/LodtqluCsB.
— Etched (@etchedNFT) September 30, 2021
Date – Oct. 12th, coinciding with @NHL Opening Night
Mint – 2,400 limited edition at 0.08 ETH pic.twitter.com/meCF97Mb6p
Founded in July 2020, Etched's purpose is focused on supporting good-willed community and charity initiatives across the globe which seek to improve the lives of individuals in need.
The first Catholic Church NFT set to launch
The Archdiocese of Bangkok announced the debut release of a NFT asset by the Catholic Church on Monday. NFT marketplace Kalamint, a platform utilizing the energy-efficient Tezos blockchain, will be facilitating the release.
The NFT is a mosaic image of Pope Francis compiling 350 individual photographs taken during his apostolic visit to Thailand in November of 2019, a significant number honouring the “350th anniversary of the establishment of the first Apostolic Vicariate of Siam during the papacy of Pope Clement IX in 1669.”
Although no exact date has yet been established for the drop, it has been stated that all proceeds from the sale will be donated to Communita Incontro School in Pathum Thani, Thailand, a primary school which provides free education to socially disadvantaged children.
Cardinal Francis X. Kriengsak Kovithavanij, archbishop of Bangkok shared his views on the changing landscape of religious devotion:
“With the release of this NFT, the Roman Catholic Mission of Bangkok is looking forward to exploring a brand new way to engage with those in our community and beyond. “Youths today use technology, not only for practical purposes, but to also express their faith and identity.”
Valued at $4.3B, NFT platform Sorare to invest in women’s sports
“We believe that NFTs can significantly accelerate the development of women’s sports,” Sorare CEO Nicolas Julia told Cointelegraph.
Following a $680 million funding round, nonfungible token (NFT) marketplace Sorare is looking to be an active player in bridging the gap between sports and digital entertainment.
Now valued at $4.3 billion, Sorare told Cointelegraph that the company plans to use the fresh capital to expand its business with new hires and partnerships, as well as support community-led programs.
Besides working with community-led football programs aimed at helping young people from disadvantaged backgrounds and backing underprivileged entrepreneurs in sports and gaming, Sorare CEO Nicolas Julia explained via email that the NFT unicorn would also support female representation in sports. He said:
“We believe that NFTs can significantly accelerate the development of women’s sports. We will actively invest in this by beginning with women’s football.”
Sorare, a Paris-based NFT marketplace focused on sports, made headlines in September following a SoftBank-led $680 million Series B funding.
Julia further detailed how Sorare would use the raised capital for business purposes, starting with the new hires to expand the team. “We’re looking to fill many new roles,” he said, both in Europe and the United States.
He added that new partnerships would introduce new football leagues and national teams to the NFT marketplace. Such partnerships require an upfront payment, and Sorare is loaded enough to sign the deal with the top 20 leagues and top 50 national teams, thanks to the hefty funding.
Related: Sports-themed NFTs spark gold rush as projects raise $930M in a week
Sorare also plans to reserve some part of the funds for mobile and marketing efforts. “Our fantasy game will be a mobile-first experience,” Julia explained, adding that the company’s growth was organic till now.
The last topic on Sorare’s agenda is to bring new sports to the platform. “We’ve received interest from leagues and fans across the globe to replicate our model in other sports,” Julia said.
Sports NFT gold rush as projects raise $930 million in a week
Following the $250 million funding round, Dapper Labs intends to launch more licensed collectibles in music, entertainment and other sports codes.
Tokenized sport collectibles projects have raised almost $1 billion in funding in the space of a week.
On Sept. 22 Dapper Labs — the firm behind the Flow blockchain and the widely popular tokenized basketball collectibles, NBA TopShot — announced a further $250 million in a funding round led by tech-focused hedge fund Coatue.
As reported by Cointelegraph on Wednesday, French-based NFT soccer trading card game developer Sorare raised $680 million in Series B funding led by Japanese fintech giant Softbank. The funding round raised the valuation of the firm to $4.3 billion.
The combined funding for the two firms tally’s in at $930 million, marking a significant bet on the sports token sector at a time when some pundits are calling the wider nonfungible market dead due to declining sales volume and floor prices.
Dapper Labs
The latest $250 million round adds to the $305 million and $65 million in funding Dapper Labs has fetched so far in 2021. While the firm didn’t specifically outline its roadmap following the announcement, the firm has teased that there are more projects coming to the Flow blockchain soon.
According to Dapper Labs, the capital will be used to fund further licensed NFT projects across sports, music and entertainment, along with scaling up the NBA Top Shot platform. Earlier this month news broke that Google had partnered with Dapper to support NFT and web 3.0 product development on its blockchain.
Dapper’s NBA Top Shot has been a resounding success since opening to the public in October last year, with data from CryptoSlam showing that the NFTs have generated more than $716 million in sales on secondary markets.
However, it appears that hype for the project has cooled over the past few months, with secondary sales failing to break $50 million in a month since April. That’s less than a quarter of the volume in the peak months for Top Shot NFT trading in February and March, which generated $224 million and $220 million worth of secondary sales respectively.
According to CryptSlam estimates, the most valuable Top Shot moments are the NFTs depicting Lebron James, with the combined market cap of 114,114 James NFTs tallying in at $104 million.
Sorare expansion
Sorare's whopping $680 million adds to a $50 million Series A funding round in February, marking a meteoric rise for the platform in 2021. Sorare has outlined ambitious plans for the latest funds moving forward.
Within the realm of soccer, the firm’s goal is to partner with the top 20 professional soccer leagues across the globe, along with the top 50 international football associations for both the men’s and women’s teams.
As it stands, the Sorare platform has licensing deals with 177 teams from a total of 36 domestic and international leagues. The firm notched an important milestone earlier this month when it signed a deal with the Spanish La Liga to release tokens for all players from the 20 teams in the league.
The funds will also be used to ramp up marketing campaigns, hire key staff members, open its first U.S.-based office and expand its NFT collectible model into other sporting codes.
The Sorare platform launched back in April 2019. Despite a year’s head start on NBA Top Shot, its NFTs have generated a significantly lower amount with a total of $84.8 million worth of sales on secondary markets.
Sales peaked in March with $15.34 million before cooling down over the next three months. However secondary sales have been on an upward trend in July and August with $8.8 million and $14.8 million respectively. While there are eight days remaining in September, Sorare NFTs have generated $10.5 million worth of sales suggesting that figure may surpass $14 million for the second month in a row.
Nifty News: Snoop’s $17M NFT collection, movie sold as NFT, QAnon espouser sells tweets
NFT collector revealed to be Snoop Dogg, hybrid NFTs are coming, and an investor lost $300,000 in tokens to hackers.
Hip-hop icon Calvin Cordozar Broadus Jr., also known as Snoop Dogg, has revealed himself to be the pseudonymous NFT collector “Cozomo de’ Medici.”
While Snoop has not provided further clarification beyond a Sept. 21 tweet unveiling his digital identity, Medici’s NFT wallet is worth roughly $17.6 million, according to DappRadar.
Snoop’s collection features a long list of NFTs, including highly sought-after CryptoPunks, Meebits and Art Blocks tokens.
Snoop’s CryptoPunks represent most of his portfolio’s monetary value, with the tokens estimated to be worth $13.19 million. The collection includes CryptoPunk #3831, which depicts a green alien wearing shades and sunglasses that is estimated to be valued at $5 million
While Snoop’s reveal could comprise clever marketing designed to garner some of the limelight being shone on the surging NFT markets, Cozomo’s Twitter account posted a thread five minutes before Snoop made the reveal claiming that they would soon dox themselves using their personal account.
“As my fame is considerable, the tweet will no doubt be discovered,” they said.
Those who do not care, or simply prefer to not know the source of my vast fame and fortune, may simply not research.
— Cozomo de’ Medici (@CozomoMedici) September 20, 2021
I will keep this account focused on NFTs, and not mention this again here.
⚔️ ~CdM
This isn’t Snoop Dogg’s first foray into the nonfungible sector, as the cannabinoid enthusiast previously collaborated with the artist behind the Nyan Cat meme to drop “Nyan Dogg” NFTs on 4/20 (a day sacred among smokers) earlier this year.
NFT collector’s clumsy security practices lead to $294K worth of stolen NFTs
An NFT collector who goes by the name “Baccredited” on Twitter stated that hackers swiped $375,000 worth of NFTs and tokens from two of their Ethereum wallets.
In a Sept. 21 tweet, the victim tallied their losses, concluding that $294,000 worth of NFTs and $81,000 worth of crypto tokens had been stolen from their accounts.
Baccredited noted that while they don't know exactly how the hackers gained access to their wallets, their private keys and seed phrases had been stored in txt files on their computer, stating:
"I know how stupid I was. $375K worth of stupid. I put private keys and seed phrases in txt files on my mac's filesystem. That is a bad idea. I didn't use a hardware wallet for high-value assets. I know. I know. I KNOW"
The victim claimed to have NFTs from widely popular collections such as Bored Ape Yacht Club, Art Blocks, Meebits and Pudgy Penguins, marking an expensive lesson in private data storage for the collector.
“Wow, compiling this particular list did NOT feel good AT ALL,” they added.
Feature Film and Hybrid NFTs
Blockchain-based metaverse tech firm Marvion is dropping “Hyrbid NFTs” (h-NFTs) in partnership with Phoenix Waters Productions and AMM Global as part of the release of an upcoming feature film named “Lockdown.”
According to Marvion, a Hybrid NFT is an integrated "smart contract that can execute a transaction and also contains the specific legal terms of the intellectual property ownership and license.”
The first drop will include five limited editions h-NFTs that will be issued a month before the Lockdown premiers in November. The h-NFTs will depict content from the movie, while the firm is also touting the drop of tokenized tickets for viewers who attend live screenings in Hong Kong and the United Kingdom.
The plot of Lockdown follows the story of an actor who partakes in an audition where the casting director forces them to pass a series of tests to stop someone around him from being killed. The cast includes Xander Berkeley, known for his roles in Terminator 2 and The Walking Dead, and Hong Kong actress Anita Chui.
The specific details of the h-NFT s will be announced in the coming weeks.
Related: Pundits say crashing floor prices and sell volume signal that ‘the NFT market has died’
A tokenized QAnon conspiracy?
Ron Watkins, who is believed to be one of the original espousers of the QAnon conspiracy theory, has announced he will launch an NFT collection via auction to fund a “critical project” that he says will “save America.”
The collection consists of five tokenized tweets from Watkins that were retweeted by Donald Trump prior to the pair being banned from the platform earlier this year.
“A few weeks ago, I decided to start working on a secret project that I feel will help save America. To help raise funds I'm selling a collection of five of my tweets that were retweeted by President Trump as special Non-Fungible-Tokens,” Watkins told the 429,000 members of his Telegram group.
The collection is dubbed the “CodeMonkeyZ Freedom Series,” with the first of the series’ five NFTs currently up for auction on OpenSea. Details about the “critical project” are yet to be revealed.
Roundup
Cointelegraph reported on Sept. 21 that Sorare, a marketplace for tokenized soccer trading cards, raised $680 million in a Series B funding round led by Japanese fintech giant SoftBank.
Professional wrestler and actor John Cena said fans only purchased 7.4% of his World Wrestling Entertainment (WWE) NFTs that were dropped last month. Cena called it a “catastrophic failure” as he cited the price points of the NFTs as being too high for fans.
NFT Fantasy Football Platform Sorare Raises $680 Million in Series B Led by Softbank
On September 21, the non-fungible token (NFT) fantasy football platform Sorare announced the company raised $680 million in a Series B funding round led by Softbank. The capital raise gives Sorare a new valuation of around $4.3 billion and the company plans to open a U.S.-based office. Sorare Reveals $680M Capital Raise Non-fungible token (NFT) […]