The Premier League, one of the world’s major soccer organizations, is allegedly in talks with its teams over a multi-year contract with Sorare for digital collectibles.

A multi-year contract for static photographs of players in the form of NFTs would be included in the agreement. If inked, it would cost around $34.7 million per year and would replace the Premier League’s first arrangement with ConsenSys, which was in the works but not completed early this year, according to Sky News.

After NFT prices and volumes fell this year, ConsenSys, the blockchain infrastructure supplier of Infura and MetaMask, is said to have attempted to renegotiate a lower-priced contract with the Premier League.

According to reports, Sorare then proposed a more lucrative deal than the updated ConsenSys offering.

The Premier League, the UK’s top-tier soccer league with hundreds of millions of die-hard followers, is also said to be in talks with Dapper Labs.

Sorare is a digital collectibles marketplace that has recently teamed with the NBA and other sports leagues. Recently Liverpool FC, a Premier League player, announced its partnership with the platform.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Website: coincu.com

Harold

CoinCu News

ConsenSys

Premier League

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

NFTs News

Premier League Could Sign A Deal With Sorare For Digital Collectible NFTs

The Premier League, one of the world’s major soccer organizations, is allegedly in talks with its teams over a multi-year contract with Sorare for digital collectibles.

A multi-year contract for static photographs of players in the form of NFTs would be included in the agreement. If inked, it would cost around $34.7 million per year and would replace the Premier League’s first arrangement with ConsenSys, which was in the works but not completed early this year, according to Sky News.

After NFT prices and volumes fell this year, ConsenSys, the blockchain infrastructure supplier of Infura and MetaMask, is said to have attempted to renegotiate a lower-priced contract with the Premier League.

According to reports, Sorare then proposed a more lucrative deal than the updated ConsenSys offering.

The Premier League, the UK’s top-tier soccer league with hundreds of millions of die-hard followers, is also said to be in talks with Dapper Labs.

Sorare is a digital collectibles marketplace that has recently teamed with the NBA and other sports leagues. Recently Liverpool FC, a Premier League player, announced its partnership with the platform.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

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