![]() ![]() That’s a huge amount of revenues given the small base of users, and that’s an example of the kind of market potential for the company if it manages to get tens of millions of users, as is possible with many mobile games.īut the money will be useful as the company hits a critical juncture. Sorare has over 600,000 registered users on the platform and has licensed players from over 180 soccer organizations, including Real Madrid, Liverpool, Juventus, the French and German Football Federation. The number of monthly active paying Sorare users grew by 34 times from the second quarter of 2020 to the second quarter of 2021, with quarterly sales increasing by 51 times over the same period. Predhomme said that the company has seen tremendous growth this year with over $150 million worth of cards traded on the platform since January. ![]() Huge growthįounded in 2018 by Nicolas Julia and Adrien Montfort, Sorare was created by soccer fans to be “the game within the game.” “At the end of the game week, you win exciting prices like additional NFTs and merchandise,” Predhomme said. Players can buy cards based on their favorite players and teams, and then play with those cards in fantasy soccer competitions. If the soccer star Cristiano Ronaldo scores a goal in real life, he can score in the game and players can earn more points, Predhomme said. Players don’t have to wager money or pay fees to enter competitions. “It’s based on the real-life performance of the players, and through this game, fans can actually connect with the players and what’s happening in real life.” The magic happens at the intersection of collectibility and sports,” he said. “It’s really about creating meaningful connections using the cards. (We’ll be talking about ways for games to grow - including with NFTs - at our GamesBeat Summit Next event on November 9-10). Thibaut Predhomme, the head of operations at Sorare, said in an interview with GamesBeat that the company will open a U.S. Right about now, the developers at Electronic Arts who create FIFA Soccer, the most popular soccer video game in the world, might be wondering what they’re missing out on here when it comes to NFT soccer games. Other investors in Sorare’s raise include venture capital firms Accel and Bessemer Ventures, as well as the footballers Pique, Ferdinand, France’s Antoine Griezmann and Spain’s Cesar Azpilicueta.What’s astounding about this funding is that Sorare at the moment only has 30 employees. It also led investment in the NFT marketplace OpenSea in July and invested in the decentralised finance platform Juggernaut in March. This is not SoftBank’s first foray into NFTs. ![]() The fundraising round was SoftBank’s first investment in Sorare, and done via its SoftBank Vision Fund 2. The most expensive unique card is of Cristiano Ronaldo, which was bought for 245,072 euros ($287,420.44) on March 13. Since January 2021, there have been $150 million of sales on Sorare, which accepts payments via credit card and the cryptocurrency ether. “We believe this is a huge opportunity to create the next sports entertainment giant.” “We saw the immense potential that blockchain and NFTs brought to unlock a new way for football clubs, footballers, and their fans to experience a deeper connection with each other,” Nicolas Julia, CEO and co-founder of Sorare, said. It plans to open an office in the United States and expand into sports other than soccer. Sorare is the largest sports-based NFT platform by sales volume, according to, a website which tracks NFT market data. “This evolution from physical assets to digital assets is very powerful, and creates a lot of exciting potential business models.” “We think NFTs represent a new paradigm in the collectability, usability, and engagement with assets,” Michel Combes, president of SoftBank Group International, said. The market for NFTs has seen explosive growth in 2021, with collectible and sports-related ones the most popular types of token. The cards are traded in the form of non-fungible tokens (NFTs), a kind of crypto asset which records the ownership status of digital goods on blockchain. Paris-based Sorare said, in the announcement on Tuesday, that the investment now valued the company at $4.3 billion.įounded in 2018, Sorare is an online game where players buy officially licensed cards representing soccer players and build teams which play against each other, with the outcome based on the players’ performance in real-life games.Īlso on AF TV: Evergrande debt crisis explained Japan’s SoftBank has led a £680-million funding round for blockchain-based fantasy soccer game Sorare, with players including ex-England star Rio Ferdinand and Spain’s Gerard Pique also investing. ![]()
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