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Key Takeaway
- Sorare, the Ethereum-based fantasy football platform, has announced a partnership with FC Bayern Munich.
- Collectors and players can buy, sell and play limited edition football player cards.
- Sorare currently has 45,000 global users with an October trading volume of $ 1 million.
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Winners of the German Bundesliga and the 2020 Champion League, Bayern Munich Football Club, have signed a partnership that allows Sorare to coin the club’s players in play.
FC Bayern Munich are the third Bundesliga club to partner with Sorare, with 100 clubs now in partnership.
So rare is a fantasy football video game based on Ethereum blockchain. Users can trade limited edition soccer player cards and create teams with players like Cristiano Reynaldo and Neymar, earning in-game rewards based on real-life athlete performance.
Soccer fans often collect and trade physical and sci-fi cards based on blockchain technology allows instant transfer of cards as unique digital assets. Sorare chief executive Nicolas Julia celebrated the deal with FC Bayern Munich as an “important milestone”, adding that three of the top 5 European champions are now signed with Sorare, including Juventus and Paris Saint-Germain.
Sorare can help drive Blockchain adoption
Creating unique digital collectibles is arguably one of the most universally accessible use cases for blockchain technology. By signing high-profile football clubs on its fantasy football platform, Sorare encourages blockchain and digital assets in daily life. As assets are minted using blockchain technology, they have a built-in scarcity and clearly identifiable owners.
Sorare recently raised $ 4 million in initial funding to further help develop the platform. Blockchain games is growing in popularity and last year accounted for the majority of dApp usage in the decentralized ecosystem.
Other blockchain platforms such as Crypto Kitties is Offshore the main user bases that trade blockchain collectible assets and trading cards have grown.
I want a Hayden Legendary but the lowest price is 28 ETH rn: /
It’s weird to spend an Ethereum validator on my baseball cardhttps: //t.co/ShUqBQBqyA
– Hayden Adams 🦄 (@haydenzadams) 24 October 2020
Crypto Kitties grew so popular in 2017 that it seriously congested the Ethereum platform as players bred and traded digital cats on the network and Open Sea users bought and sold trading cards for tens of thousands of dollars.
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