Sorare nfts 50m benchmarkkhatri theblock8/11/2023 There are currently 600,000 registered users and 150,000 users who are buying a card or composing a team every month. While the volume of transaction is quite big, there is still a lot of potential for user growth. Sorare doesn’t take a cut on player-to-player transactions right now. A total of $150 million worth of cards have been traded on the platform since January. That’s why players often buy and sell cards from other players - there are even third-party websites that help you track auctions. Over time, the value of a card can go up or down. They can also manage a squad of players and earn points based on real-life performances. Players can then buy those new cards and add them to their collection. Sorare generates revenue by issuing new cards on the platform. Some of the startup’s existing investors are also investing once again, such as Benchmark, Accel, Headline and various business angels. In addition to SoftBank’s Vision Fund team, Atomico, Bessemer Ventures, D1 Capital, Eurazeo, IVP and Liontree are also participating in the round. You can expect more partnership announcements with professional sports organizations in the future. With today’s funding round, the company plans to expand to new sports, open an office in the U.S., hire more people and invest in marketing campaigns. It creates a barrier to entry for other companies in the space. What makes Sorare unique is that it has partnered with 180 football organizations, including some of the most famous clubs in Europe, such as Real Madrid, Liverpool and Juventus. Transactions are all recorded on the Ethereum blockchain. Players can buy and sell cards from other players. Each digital card is registered as a unique token on the Ethereum blockchain. Sorare has built a fantasty football (soccer) platform based on NFTs, or non-fungible tokens. SoftBank’s Vision Fund 2 has led a $680 million Series B round, which values the company at $4.3 billion. French startup Sorare has announced that it has raised a significant funding round.
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |