ADVERTISEMENT
NewsLogical
  • Home
  • General News
  • Bitcoin
  • Blockchain
  • Business
  • Finance
  • XRP News
  • Price Analysis
  • Coin Guide
  • About Us
    • Contact Us
    • Team
    • Privacy Policy
    • Editorial Policy
    • Write for Us
No Result
View All Result
  • Home
  • General News
  • Bitcoin
  • Blockchain
  • Business
  • Finance
  • XRP News
  • Price Analysis
  • Coin Guide
  • About Us
    • Contact Us
    • Team
    • Privacy Policy
    • Editorial Policy
    • Write for Us
No Result
View All Result
NewsLogical
No Result
View All Result
Home Blockchain

Sorare, Ethereum-based Imaginary Football Game, Raises 4 million USD fund

by Oliver Green
July 21, 2020
in Blockchain, Cryptocurrency, Tech
0
Ethereum Top-Level Domains Hijacker Returns Them Willingly, Gets Rewarded
0
SHARES
269
VIEWS
Share on FacebookShare on Twitter

Just within a year of launching Sorare, a top-notch blockchain game, it has swiftly become profitable and has recently raised a highly attractive seed round.

Sorare, an Ethereum blockchain-centric universal fantasy football game, where one can purchase, trade, and play games with official digital player cards, recently announced that it has released a funding seed totaling 4 million USD.

Launched in March 2019, Sorare has already sold pro player cards, above the rate of $1 million. These cards owned by users are referred to as inimitable non-fungible token (NFT) assets.

The trading capacity on the site from last December, through June 2020, has however leaped from 30, 000 USD to 35, 000 USD, and the company has declared that it has already been lucrative, prior to the broadcast of the seed funding.

Being a global venture, led by e ventures, Sorare permits contributions from new investors such as Fabric Ventures, Semantic Ventures, and Partech, and also World Cup champion Andre Schurrle, present-day, Borussia Dortmund and German pro soccer.

Other existing Sorare investors who similarly contributed to the funding seed are ConsenSys; which funded an editorially independent Decrypt and Seedcamp.

The idea behind the seed funding is for the expansion of its team, across the globe and to garner the game experience and as well increase further professional leagues and clubs.

At present, the game can boast of players from 76 skilled teams across the globe.

Atletico and Juventus are professional football clubs that fall under this category. However, it has recently included players from other prominent football clubs.

In a public announcement made by Nicolas Julia, CEO, Sorare, he revealed that the mission of Sorare, is to make imaginary football go worldwide and recompense with some novel type of collectibles which are digital football cards.

To buttress this claim, he disclosed the huge amount of collectibles that people buy on a yearly basis, which is about 370 billion USD.

As such, the team feels elated to have the support of a massive group of investors who are devoted to advancing the implementation of fantasy football.

Sorare has signed up contracts with over 90 football clubs at the present moment. This includes clubs that are not even in-game already.

Meanwhile, Sorare hopes to have additional 150 teams and five leagues sign up with them at the year-end.

Tags: EthereumSorare
No Result
View All Result

Highlights

Elon Musk Loaded Up In Dogecoin before Pumping Bitcoin – Peter Schiff

Crypto Investor Explains Why Cardano will Soon Topple Ethereum

Cardano’s IOHK Rebrands, Enters Final Stages of a Large Government Contract

Analyst Explains why Bitcoin Price Could Crash to $6,400

Online Search for “Dogecoin” Surpasses “Bitcoin” in United States

PayPal Q4 Earnings Report Shows Users More Active after Buying Cryptocurrencies


NewsLogical Inc. is a U.S.-centric firm established in 2019 with the aim of providing resourceful and up-to-date cryptocurrency and blockchain information.

Email: info@newslogical.com

Read More.

Dislciamer


Contents on NewsLogical.com are only for informational purposes and should not be construed as financial or investment advice.

Trading cryptocurrency is considered a high-risk activity that requires technical knowhow because digital currencies are generally volatile.

Contact financial experts for guidance before making any cryptocurrency investment decision.

Read More.

About us

  • About
  • Contact Us
  • Disclaimer
  • Editorial Policy
  • Privacy Policy
  • Team
  • Write for Us
No Result
View All Result
  • Home
  • General News
  • Bitcoin
  • Blockchain
  • Business
  • XRP News
  • Price Analysis
  • Coin Guide
  • About
    • Team
    • Editorial Policy
    • Privacy Policy
    • Write for Us