Fantasy soccer NFT platform Sorare reportedly closing in on $532M in funding
Sorare is reportedly closing in a half a billion dollar funding round with a valuation of at least $3.8 billion. Reports have surfaced that French NFT-based soccer trading card game developer Sorare is closing in on a $532 million funding round with a valuation of at least $3.8 billion. According to unnamed sources in Business Insider, the latest funding round is expected to be led by Japanese telecommunications giant SoftBank, along with participation from European venture capital firm Atomico. Other backers thought to be in the mix include European investment firm Eurazeo, and Blisce, a....
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The UK gambling watchdog is trying to determine whether or not fantasy NFT soccer game Sorare should be required to have a gambling license. The Gambling Commission in the UK has opened an inquiry into Sorare, a popular NFT fantasy soccer game that raised $680M in a funding round last month“The Gambling Commission is currently carrying out enquiries into the company to establish whether Sorare.com requires an operating license or whether the services it provides do not constitute gambling.”However Sorare — which closed a $680 million funding round for its NFT trading card platform in....
Sorare is a football fantasy game in which participants use digital player cards to buy, sell, trade, and manage a virtual team. Sorare is where fantasy soccer and cryptocurrency meet. For soccer fans, this is a way to be competitive off the field and invest heavily right away. Users can play the game online in their browser or download the Sorare app. In this article, you will read all about what exactly Sorare is and how it works.What is Sorare?Sorare is a blockchain-based fantasy soccer game adored by many soccer fans worldwide. The founders of the platform want to give fans the....
The Spanish top soccer league Laliga has announced a partnership with Sorare to offer fans with NFTs of all players. Spain’s LaLiga Partners With Sorare On NFT Fantasy Soccer Game The soccer digital cards marketplace Sorare has signed a non-fungible token partnership deal with the Spanish top division LaLiga. The platform will now launch NFTs […]
The Ethereum blockchain-based fantasy soccer game Sorare has signed on its latest top European club. German soccer club FC Bayern Munich, which plays in the country’s Bundesliga, is entering the world of blockchain-based fantasy soccer.The Ethereum blockchain-based fantasy soccer game Sorare, which Bayern joined this week, already counts over 100 participant clubs, including high-profile names such as Paris Saint-German, Juventus, PSG, and Atletico Madrid.FC Bayern Munich is itself no stranger to collaborations with blockchain projects, having partnered last fall with Stryking....
On September 21, the non-fungible token (NFT) fantasy football platform Sorare announced the company raised $680 million in a Series B funding round led by Softbank. The capital raise gives Sorare a new valuation of around $4.3 billion and the company plans to open a U.S.-based office.
Sorare Reveals $680M Capital Raise
Non-fungible token (NFT) assets have seen phenomenal growth this year and the company Sorare aims to tether the billion-dollar NFT industry to the multi-billion-dollar fantasy sports market. The market size of fantasy sports in the U.S. alone topped $8.4 billion....