Non-fungible token (NFT) fantasy football platform Sorare has partnered with the top soccer league in the United States, Major League Soccer (MLS). Prior to the partnership, Sorare already had deals with most teams in the league.
All MLS players will have a digital collectible card on Sorare’s platform, which will become MLS’s official NFT fantasy game as part of the sponsorship. The presence of all players on the platform will likely make the game more engaging for MLS followers, and the official association with the league can bring in new fans who were unfamiliar with the platform.
Sorare’s main product, an NFT fantasy soccer game, enables users to create a weekly line-up of five players to go against other teams. The performance of the weekly line-ups depends on the players’ actual relative performance in games throughout the week, and the top scorers win some monetary rewards. Sorare’s revenues come from the sale of the player cards, which are scarce and need to be purchased to be used on line-ups, and royalties from secondary market trades.
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