![]() ![]() ![]() The company has to scale up and hire high-skilled people in its operations, and it has to secure and protect its intellectual property and bring people on board who can do that, Predhomme said. That’s a huge amount of revenues given the small base of users, and that’s an example of the kind of market potential for the company if it manages to get tens of millions of users, as is possible with many mobile games.īut the money will be useful as the company hits a critical juncture. ![]() Sorare has over 600,000 registered users on the platform and has licensed players from over 180 soccer organizations, including Real Madrid, Liverpool, Juventus, the French and German Football Federation. The number of monthly active paying Sorare users grew by 34 times from the second quarter of 2020 to the second quarter of 2021, with quarterly sales increasing by 51 times over the same period. Predhomme said that the company has seen tremendous growth this year with over $150 million worth of cards traded on the platform since January. Huge growthįounded in 2018 by Nicolas Julia and Adrien Montfort, Sorare was created by soccer fans to be “the game within the game.” “At the end of the game week, you win exciting prices like additional NFTs and merchandise,” Predhomme said. Players can buy cards based on their favorite players and teams, and then play with those cards in fantasy soccer competitions. If the soccer star Cristiano Ronaldo scores a goal in real life, he can score in the game and players can earn more points, Predhomme said. Players don’t have to wager money or pay fees to enter competitions. “It’s based on the real-life performance of the players, and through this game, fans can actually connect with the players and what’s happening in real life.” The magic happens at the intersection of collectibility and sports,” he said. ![]() “It’s really about creating meaningful connections using the cards. (We’ll be talking about ways for games to grow - including with NFTs - at our GamesBeat Summit Next event on November 9-10). Thibaut Predhomme, the head of operations at Sorare, said in an interview with GamesBeat that the company will open a U.S. Right about now, the developers at Electronic Arts who create FIFA Soccer, the most popular soccer video game in the world, might be wondering what they’re missing out on here when it comes to NFT soccer games. The platform had a card sales volume of over $150 million since January 2021 across 170 countries.What’s astounding about this funding is that Sorare at the moment only has 30 employees. The company has over 600,000 registered users on the platform and has licensed players from over 180 football organizations, including Real Madrid, Liverpool, Juventus, the French and German Football Federation. Managers compete against each other to collect these scarce cards on the Sorare Marketplace.Ĭards are NFTs, meaning each card is unique, scarce, and its ownership is publicly verifiable via the Ethereum blockchain. Cards come in different scarcities: Each football player has 1000 Limited cards, 100 Rare cards, 10 Super Rare cards, and a single Unique card. The higher a Manager’s position in a leaderboard, the better the card prizes they earn. Based on the players’ performance in real life games, all entered lineups get ranked against one another in a leaderboard. Managers enter these lineups in different tournaments, each with their own entry requirements such as the age of the players or the region their club plays in. Sorare also plans to open its first US office soon and to launch new initiatives to support sports activities for young people and fund other startups in the ecosystem.įounded in 2018 and Nicolas Julia, CEO, Sorare allows users, called Managers, to create lineups consisting of 5 players: a goalkeeper, a defender, a midfielder, a forward, and one other outfield player. The company intends to use the funds to accelerate growth within football while also replicating its model in other sports, expand its team by hiring across key roles, and launch marketing campaigns with partners, athletes, and media companies. In addition to the investment, Marcelo Claure, CEO of SoftBank Group International and COO of SoftBank Group, will join Sorare’s Board of Directors. The round was led by Softbank, with participation from Atomico, Bessemer Ventures, D1 Capital, Eurazeo, IVP and Liontree and existing investors Benchmark, Accel and Headline, as well as football players Gerard Piqué, Antoine Griezmann, Rio Ferdinand and César Azpilicueta. Sorare, a Paris, France, NFT-based fantasy football platform, raised $680m in Series B financing giving it a new valuation of $4.3 billion. ![]()
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