![]() In Sorare, users create teams consisting of five players to enter tournaments in the fantasy game. These digital cards will be unique, scarce and publicly verifiable using blockchain tech. These can be used to represent a unique digital item such as photo files, video clips, the world wide web’s source code or, in this case, a digital football card. NFTs, or non-fungible tokens, are units of data on a digital ledger, which are verified using blockchain technology. They were joined by existing investors Benchmark, Accel and Partech, and Reddit co-founder Alexis Ohanian, as well as football players Gerard Piqué, Rio Ferdinand, Antoine Griezmann and César Azpilicueta. He also said the start-up was committed to use the funding to support community-led football programmes for people from disadvantaged backgrounds, back small businesses in sport and gaming with funding, and invest in women’s football to increase female representation in the sport.Īpart from SoftBank, some new investors to chip in for Sorare’s latest funding include Atomico, Bessemer Ventures, D1 Capital, Eurazeo, IVP and Liontree. Julia said that Sorare will use the investment to hire new talent, sign new partnerships with football leagues, focus on a mobile-first experience and expand into new sports in 2022. “This fundraising will help deliver our key objective: to create the next world champion in sports entertainment, by leveraging NFTs.” ![]() “The record-breaking Series B is a huge statement of intent that will greatly improve our NFT fantasy gaming experience for millions of sports fans,” co-founder Nicolas Julia said in a blog post. The NFT-based fantasy football game that raised $50m in its Series A in February is reportedly valued at $4.3bn after the latest investment. This fundraising will help deliver our key objective: to create the next world champion in sports entertainment by leveraging NFTs,” Sorare mentioned.The Paris-based start-up will use the SoftBank-led funding to make new hires, partner with new football leagues and expand into new sports.įrench gaming start-up Sorare has raised a record $680m in Series B funding led by SoftBank. ![]() ![]() “The record-breaking Series B is a huge statement of intent that will greatly improve our NFT fantasy gaming experience for millions of sports fans. The company has over 600,000 registered users. Furthermore, Sorare highlighted the substantial growth of its NFT fantasy model and mentioned that the platform now has more than 180 clubs. The overall demand for sports-related NFTs has reached a record high in the first 8 months of 2021. In 2021, the popularity of NFTs has increased significantly. New investors have backed us with a record-breaking fundraising round of $680 million, the largest in the history of French Tech and the largest in Europe for a Series B,” Nicolas Julia, Co-Founder and CEO of Sorare, commented. Because of our shared passion for the beautiful game, creating a fantasy football product was the perfect place to begin our journey. “When my co-founder and I first laid out our vision for Sorare in the summer of 2018, our ambition was to create a new game that could unlock the limitless potential of non-fungible technology.
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