A single edition non-fungible token (NFT) trading card of legendary football player Cristiano Ronaldo will be minted by Sorare and sold through auction house Bonhams. The auction will run until November 11, with an estimated final price between $800,000 and $1.2 million.
Sorare has made a name for itself by developing a fantasy football project on blockchain. The game works very similarly to traditional fantasy games where fans collect players. In Sorare’s case, players are represented by NFT cards which are used to create a weekly lineup with the outcome determined by the players’ actual performance on the field. There is an opportunity to earn money because Sorare awards ETH cryptocurrency to top performances, and fans can also trade the cards at a profit on the app’s marketplace.
This is the first time that Sorare has been involved in an auction of this scale. Until now, all cards used to build the line-ups have been launched directly on Sorare’s marketplace and sold at a standard pre-determined starting price. High priced sales have been a result of fans trading.
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