German football club FC Bayern Munich is the latest sports entity to join Sorare’s blockchain collectibles network. The Bundesliga team is the 102nd entity to be licensed by the platform.
The Paris-based startup offers a global fantasy football game on blockchain through collectibles representing soccer players of the teams in the network. The purpose of the game is to create the best team of five collectibles in a tournament. The performance of each team is calculated by awarding points for players’ actual performance in live games. The team owner with the most points at the end of each tournament is awarded prizes in the form of collectibles or cryptocurrency Ether.
Sorare’s platform received funding from ConsenSys and others and is part of Ubisoft Entrepreneur Labs. It recently raised $4 million from previous investors and, among others, German World Cup winner André Schürrle.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
