Sorare scores $680M funding led by SoftBank to grow its NFT sport portfolio
Sorare attained a $4.3 billion valuation with a Series B funding round led by the Tokyo-based holding company. Sorare, a marketplace for nonfungible token (NFT) trading cards, has raised $680 million in a Series B funding round led by Japanese fintech giant SoftBank, resulting in a revised valuation of $4.3 billion for the platform. According to the company, the latest funding will help expand Sorare’s portfolio of football player NFTs by partnering with more football leagues and associations.In early September, the French NFT-based trading platform secured its first soccer league....
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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....
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 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....
“We believe that NFTs can significantly accelerate the development of women’s sports,” Sorare CEO Nicolas Julia told Cointelegraph. Following a $680-million funding round, nonfungible token (NFT) marketplace Sorare is looking to be an active player in bridging the gap between sports and digital entertainment.Now valued at $4.3 billion, Sorare told Cointelegraph that the company plans to use the fresh capital to expand its business with new hires and partnerships, as well as support community-led programs. Besides working with community-led football programs aimed at helping young people....
The Sandbox, a blockchain-based metaverse game, has scored an investment of $93 million to keep expanding its metaverse proposal. The funding round was led by Softbank’s Vision Fund 2, an investment vehicle that puts funds on early tech-based companies. Other investors in the round included Animoca Brands, True Global Ventures, Liberty City Ventures, and Galaxy Interactive, among others.
The Sandbox Gets $93 Million in Series B Funding Round
The Sandbox, one of the leading blockchain-based metaverse games, has closed its Series B funding round raising $93 million to....