Dark Light

Real Madrid Soccer team jumped the blockchain bandwagon as it gets Live on Ethereum through Sorare, a fantasy game where the users can trade digital collectibles.

The team starcast is now available on the platform in form of the non-fungible tokens which users can procure to build teams.

Real Madrid team joins blockchain bandwagon

Real Madrid Soccer club is one of the most popular football clubs with massive fan following across the world. The billions of fans from every corner of the world rave about soccer stars like Eden Hazard, Like Modric and Sergio Ramos. The fantasy soccer game Sorare would now provide the NFT tokens representing the Real Madrid star cast and the users would be able to trade the tokens and play games in a league match. All the tokens are now available on the Ethereum  blockchain. The tokenized versions of the favorite football stars would really captivate the football fans as they play in their dream teams.

The price of the cards representing the players is likely to reach thousands of dollars as the non-fungible technology ensures that these are unique and limited in supply. Until now the trading card representing Kylian Mbappe is trading for a whopping 55,105 Pounds. The CEO of Sorare has said that the recent sale of Mbappe card is the highest for the platform till now. The collectability and the usability of the card were the main reasons for such massive trading cost.

The players can also auction their cards and make profits out of it. The owner of the most popular card can set a minimum bid for their card after they buy one and then sell it out. The NFT market has seen exponential rise in the recent past and thus the Real Madrid team joined the hottest trend to get more exposure to the newer markets.

The bidding for the digital collectibles started this week and the bids are touching a whopping thousands of euros. The Bundle set including Luka Modric, Andriy Lumin and Luka Jovic and Sergio Ramos is racing high with a bid of 6798 Euros till now.

NFT tokens have gained a lot of popularity amongst artists and performers as mainstream artists get inclined towards Blockchain and crypto tokens to get closer to their fans. Several other soccer teams like Bayern Munich and Canada and Cyprus football teams are also on Sorare.

Disclaimer

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.

Leave a Reply

Your email address will not be published.

Related Posts
Total
12
Share