Founded in 2018, Sorare has quickly become a leading and trusted platform in the blockchain gaming industry capable of forming several partnerships with numerous professional football teams including Juventus, Paris Saint Germain, Lyon, Lazio, and Rome. The company uses the ERC-721 standard based on Ethereum blockchain, otherwise known as NFT.
Blockchain for the Masses
Sorare was founded in Paris in 2018 by Nicolas Julia and Adrien Montfort with the aim of building a crypto product that can be used by millions of people. Both founders previously worked at Stratumn, a leading provider of blockchain solutions, and had developed a strong interest in Non-Fungible Tokens (NFTs) such as CryptoKitties. They were convinced that this type of product would drive the next wave of consumer adoption. For this reason, after the experience at Stratumn, the two decided to found their startup Sorare.
The main difference with other similar projects in the space is that the Non-Fungible Token (NFTs) developed by Sorare are assets officially licensed by football clubs and leagues. The product was initially built on Loom Network’s plasma chain, which started as an Ethereum sidechain and now already has a bridge with Ethereum, with many other blockchains expected to follow.
In order to play, users need to register on the platform using a username and an email address. After completing this simple step, it is possible to create a fantasy football team by choosing 5 cards of defenders, wings, midfielders and forwards. The cards are NFTs based on the Ethereum blockchain and are sold by Sorare itself or can be purchased on secondary markets such as the OpenSea platform.
For every single player throughout each season, Sorare issues a unique NFT, 10 Super Rare player cards, and 100 Rare cards. After creating your own team you can participate in various competitions and win any prize pools. In addition, courtesy of the cards’ unique and collectible nature, their value could…