Wed, February 28

Blockchain Collectible Firm Sorare Raises $50M for NFT Fantasy Sports

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-Blockchain collectible firm Sorare raises $50M for NFT fantasy sports.
-The fresh Series A round brings Sorare’s whole funding to $60 million. 
-Sorare continues to grow its ecosystem with the new funding.

Sorare, a blockchain-based soccer gaming platform, has raised $50 million from high-profile investors backing major firms like Twitter, Instagram, and Discord

Blockchain Soccer Gaming Startup Sorare Raises $50M

Sorare has raised $50 million in a Series A round. However, the fresh Series A round brings Sorare’s whole funding to $60 million. More so, the funding round was led by an investment giant Benchmark. In order to fund firms like Uber, Twitter, and Snap.

Accel Partners was another lead investor, known for backing firms like Facebook and Spotify. In addition, the round also included some investment from investors like Reddit co-founder Alexis Ohanian, Barcelona striker Antoine Griezmann, and VaynerMedia CEO Gary Vaynerchuk.

Sorare continues to grow its ecosystem with the new funding. Moreover, this includes launching a mobile app and also onboarding the top 20 global football leagues.

Sorare said,

“We’re designing an experience where fans can celebrate, share, and live football moments at a deeper connection. We’re making fantasy football a reality.”

Sorare founded in 2018, which offers a digital collectibles firm based on the Ethereum blockchain. More so, with non-fungible tokens, the platform gives a collective fantasy football experience allowing them to manage their players and grab prizes.

Gerard Piqué, the strategic advisor at Sorare, explains that the platform aims to provide a significant shift to online and digital fan experiences,

“As world football has shifted from local supporters to global fanbases, football fans are looking for new ways to be connected to the game, the players and other fans.”

Even more, blockchain and cryptocurrency startup firms have been actively exploring the soccer industry. Moreover, in order to bring new ways of fan engagement through emerging technologies. More so, Socios and Chiliz show some of the best industry efforts. 

However, providing together with the blockchain fan tokens for famous global soccer clubs like FC Barcelona, Juventus, and Paris Saint-Germain. Furthermore, Polish Legia Warsaw became the latest soccer club to join Chiliz and Socios, earlier this week.

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