Fantasy Sports is a booming global business with a market size of estimate was $ 18.6 billion in 2019 and is set to grow to $ 48.6 billion by 2027 to beat their opponents.

Sorare does things differently. It’s still essentially a fantasy football game, but instead of just picking a player’s name from a list as they brainstorm ideas, players buy digital trading cards that are tokenized on the Ethereum blockchain. You own these non-fungible tokens (NFTs), you can freely resell them as crypto collectibles, and they are also the centerpiece of Sorare’s fantasy experience. In addition, there are many prizes for everyone, both in the form of cryptocurrencies and rare, valuable tokens.

It can be said that it is fantasy football combined with real digital ownership, concepts that have grown in importance in recent months thanks to the added value of licensed sports NFTs like the NBA.

This is how Sorare works and how you can get involved.

What is Sorare?

Sorare is an online fantasy soccer game that uses cryptocurrency. As in traditional fantasy soccer, players build their line-up each week with professional soccer stars and their respective stats on the field – such as goals and assists – which are converted into points in the game. The goal is to beat other users in the tournament by collecting the most points each week.

Sorare offers licensed players from over 100 international teams from different leagues and you expand your team by buying digital trading cards on the marketplace. Licensed teams include Juventus, AC Milan, Liverpool FC, Paris Saint-Germain FC, Real Madrid and all Japanese J.League teams, as well as all Major League Soccer players (but not himself).

How does Sorare work?

The game offers a number of different tournaments that you can sign up for, including rookie tournaments, region-specific tournaments, and even a squad-only tournament with players under the age of 23 (U23). If you take part in the tournament, you can create a new line-up every week using the cards you have in your account. At the end of the week, in-game points are calculated based on the real-world performance of all players, and Sorare users with the most points are eligible to win some ETH, a rare card as a partial reward.

You know?

The most valuable Sorare card to date is Star Cristiano Ronaldo’s “Unique” 2020-21 card, which sold for nearly $ 290,000 in March 2021.

“Congratulations to FC Camembert for breaking our Sorare Market record. The only Cristiano Ronaldo 2020-21 card was bought on the transfer market for $ 289,920, ”said Sorare. tweet.

What is special about Sorare?

Sorare combines some of the things that people really look forward to (like soccer, fantasy sports games, sports collectibles, and crypto NFTs) and does it in ways that no other experience can match.

NBA Top Shot is arguably the largest crypto NFT collection currently, but there is no real “game” element other than challenges based on a personal collection. Sorare organizes contests in an imaginative, realistic style, even with an obvious pay-to-win element. But for the stubborn, who don’t mind spending real money on the best team, there are meaningful rewards in addition to the joy of winning.

How to start with Sorare

As with other free games with or without crypto, you can play Sorare without spending a dime. Simply register on the Sorare website and follow the instructions to unlock up to 12 “common” (popular) player cards for free.

Sorare registration process | Source: Sorare

These cards have no real value and cannot be sold, but you can use them in fantasy tournaments like any other card in the game. During the registration process you choose your favorite teams from the licensed teams, take part in the first tournament and put together a squad.

Pick a squad begin | Source: Sorare

The process is pretty straightforward, taking you through the basics and then getting you into the market to consider buying premium NFT tokens that are tokenized on the Ethereum blockchain. In the tab “Newcomers” you can bid on newly introduced cards in the game, while users in the “Transfermarkt” can resell cards at a fixed price – often much higher than when they were first published.

Sorare Transfermarkt | Source: Sorare

You know?

Game publisher Ubisoft (Assassin’s Creed, Just Dance) partnered with Sorare in March 2021 to launch One Shot League, a free spin-off game (derivative) that uses the same Sorare tokens. However, there is only the Belgian Jupiler Pro tournament.

future

Sorare raised a $ 50 million financing round in February 2021, which featured prominent investors including Reddit co-founder Alexis Ohanian and entrepreneur Gary Vaynerchuk. This is seen as a great vote of confidence after the volume of trade increased significantly over the course of 2020 and early 2021 and the interest and value in the market for NFT collectibles exploded more strongly.

Back then, the company announced that it would expand its team, work on a dedicated mobile app, and continue tracking team and league licenses from around the world. Football is a truly global sport, and Sorare already holds several licenses from across Europe, America and Asia – but there is a lot more to add – and there will likely be more, even millions of interested users taking part in the unique fantasy sport share crypto wheel.

Minh Anh

After decrypting

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