![]() A centralized entity cannot delete it or modify its attributes. Ownership : when you purchase a NFT, you will own it for as long as you want. Scarcity : for the 1st time in history, digital items can be unique. You can prove your ownership with certificates recorded on the blockchain which is accessible to anyone. Sorare’s cards have different attributes (representing a player, a club, a season, and a degree of scarcity) and a unique identifier. Unique: each NFT has unique characteristics. Ĭards are represented by NFTs which give them specific attributes: Players will purchase NFTs trading card games which represent soccer players and they will use them on a bi-weekly basis into a fantasy football game. Sorare combines in a single product soccer, non-fungible tokens (NFTs) and fantasy gaming. Part III - What will Sorare look like in 5 years? Building the next global entertainment giant from Paris Part II - What are the key success factors behind Sorare’s success? Part 1 - What is Sorare? Digging into its product, model, history and traction In this post, we will cover the following sections: With Justin, we tried to write a comprehensive deep dive on Sorare to give the company the coverage depth it deserves. It’s a profitable company that has also spent most of the year with less than 20 employees. In 2021, it will generate €200m in transaction volumes and €100m in net revenues. Sorare is also a commercial success with 500k active users, 50k paying users (bought at least one card) and 200+ licensed clubs. It has created a unique category that has uncapped potential and Sorare has the potential of becoming a global entertainment giant. Sorare commercialises a weird product combining in a single experience soccer, NFTs and fantasy gaming. It’s also the fastest startup to reach a unicorn valuation in France - in less than 3 years. It’s the largest funding round ever raised in the French tech ecosystem. In September 2021, it raised a massive $680m series B led by Softbank at a $4.3bn valuation.
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