The English Premier League has entered into a partnership with NFT platform Sorare
Team competitions will reflect the real gameplay, including the composition of players and match schedules. The outcome of the competitions will be determined by the real results of the players
The English Premier Football League has signed a multi-year partnership with French NFT gaming platform Sorare. The deal allows Sorare users to collect, buy, sell and exchange digital cards with players from all 20 Premier League clubs, according to a post on the project's blog.
Sorare is a blockchain-based gaming platform in which players collect NFTs with images of players or other athletes and create teams that play against each other. The project also includes an NFT marketplace.
In 2021, Sorare raised $680 million at a valuation of $4.3 billion in a funding round led by the investment arm of Japanese conglomerate SoftBank. Players Rio Ferdinand, Antoine Griezmann, Gerard Piquet and Kylian Mbappe also invested in the site.
In October, Sky News reported that the amount at the time still only under negotiation could be £30 million (about $37 million) per year. Sorare's report did not disclose the financial aspects of the agreement with the Premier League.
The competition of Premier League teams on Sorare will reflect the actual gameplay, including player rosters and match schedules.
To celebrate the partnership, Sorare has launched new types of competitions, it said. For example, games dedicated to a specific league (German Bundesliga, Spanish La Liga or the French Premier League), as well as a new version of amateur competitions.
NFT Sorare has been sold 20 times in the past week, according to the Nft-stats analytics platform. Total sales were $573 and the average price per NFT was $28.7. More than 17,100 addresses currently own 336,000 Sorare tokens.
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