Sorare partners with Bayern Munich Football club to allow users to trade limited edition football player cards.
Football fans will now be able to collect and trade physical cards on blockchain just like they do in the case of digital assets.
Sorare partners with Bayern Munich Football Club
Sorare, the fantasy football video game based on the Ethereum blockchain has signed a partnership with Germany’s Bundesliga and 2020 Champion League winners, Bayern Munich Football Club, that will allow Sorare to mint players from the Club-in-game. This new partnership will allow users to trade limited edition football player cards and also build teams with players like Cristiano Reynaldo and Neymar. The users can also earn in-game prizes based on how the athlete performs in real matches.
FC Bayern Munich now becomes the Bundesliga club to have become partners with Sorare and now the count is taken to 100 clubs.
Football fans have a reason to rejoice
Football fans are in for a treat here because the new arrangement will allow them to collect and trade physical cards. The fantasy football will be blockchain-based and will allow for the transfer of cards as digital assets. Sorare CEO Nicolas Julia believes that the FC Bayern Munich deal is a “major milestone”. He also said that three out of the top 5 European Champions are now signed with Sorare, including Juventus and Paris Saint-Germain.
Sorare has been focussing on tying up with high profile football clubs. It has been working towards the heightened use of blockchain and digital assets in regular affairs. Understandably the assets are minted using blockchain technology, so they have an in-built scarcity and identifiable owners. Sorare is now looking at continuous growth and development of the platform and for that purpose, it has recently raised $4 million in seed funding.
Blockchain gaming is rapidly catching up
Blockchain gaming is growing in popularity. Last year a majority of dApps in the decentralized space were based on this genre only. Open Sea and Crypto Kitties are the two most popular names that have seen a major increase in their user base and spurred a new interest in trading blockchain collectible assets and trading cards. It all started with Crypto Kitties which spearheaded a new concept that grew exceedingly popular in 2017. The popularity of Crypto Kitties had eclipsed so much that the Ethereum network was congested because players traded digital cards on the network. Open Sea also has commanded from its own space and dealt with heavy user base traffic of enthusiastic users.
Sorare currently has 45,000 global users and with its October’s trading volume reaching $1 million, the new partnership might just be a reason for enhanced volumes in the future.
The information discussed by The Coin Magazine is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Do your due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright The Coin Magazine All rights reserved.