Let’s take a look at the basics of what NFT gaming entails, how Sorare works and what the SOR token is. The opportunity to earn currency, however, does not take away from the fun of digital gaming and interacting with online communities. Crypto games such as the fantasy football game, Sorare, enable users to win prizes in the form of NFTs and cryptocurrency. NFT gaming adopts a play-to-earn approach as a one-of-a-kind intersection of digital entertainment and finance. Like many other platforms, Fanzone emphasizes card collection and trading as opposed to fantasy football gaming.Crypto gaming is a major player in the NFT market, which is projected to reach a value of $1.3 billion by the end of 2021. Just last week, the German Football Association announced a partnership with Porsche’s new NFT trading platform Fanzone. Meanwhile, the deal with Sorare for minting NFTs of the German players is not exclusive. Sorare recently raised $50 million in a Series A round of funding in February, so it should have the bandwidth to support more teams. Despite Sorare mentioning it’s in discussion with other national leagues about signing with the platform, the timing is unclear. The championships are well underway, with the final on July 11. The competition was to take place last year but was delayed due to Covid-19. It’s possible that Sorare is exploring a Global Fantasy Football game for the Euro 2020, the European Football championship. For world-class players Antonio Rüdiger, Kai Havertz and Timo Werner, these will be their first cards on the platform. Therefore special Euro edition cards will be minted and available on the platform in addition to the players’ existing cards. Many of the German football players already have player cards in Sorare due to licensing deals with their league teams. In Sorare’s platform, each fan has a maximum supply of 111 cards per season. However, the fantasy football fantasy game motivates fans to engage in the game and follow their players closely, which is likely part of the clubs’ intent when signing with Sorare. Some might perceive the game-like model as a means to gamble. It currently has 140 teams in its network. Holger Blask, Managing Director Marketing & Sales DFB.īut Sorare has also made considerable effort to sign the world’s top football teams and expand the platform across the four corners of the globe. “Especially in the Corona pandemic, digital offers were and are the only way to enter into direct exchange with our fans,” said Dr. Football fans were looking for a new way to spend time involved in the game. In part, this is likely due to the pandemic. Sorare has grown increasingly popular during the last year. The cards are minted as non-fungible tokens (NFTs), which ensures their scarcity and authenticity. Winners of the fantasy football game earn rewards that can be redeemed for other cards or cryptocurrency, which in turn can be exchanged for real money. In the game, fans set up a squad of five cards to go against other Sorare fans and measure their performance based on the footballers’ actual performance during the week’s soccer games. On the other hand, Sorare is using the technology to promote a weekly football fantasy ecosystem. Many digital collectible platforms in the sports industry seem to be operating as a substitute for traditional sportscard collecting. This is the second partnership Sorare had made with a national football team following a deal last week with the French national team. Football blockchain collectibles platform Sorare signed a licensing deal with the German Football Association to create non-fungible token (NFT) digital cards of the players in Germany’s current squad.
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