Trade transactions and card characteristics are recorded on the Ethereum network
The football season has long since begun, and together with this, also the side competitions, such as the Esports championships and fantasy football. There are dozens of platforms for fantasy football, but Sorare, a unique platform of its kind, has also been online for about a year.
Sorare is an Ethereum blockchain-based trading card market where you can buy and sell players from the 20 most important leagues in the world and earn rewards based on your score on the leaderboard. The user can create different formations with the cards owned, participating in different competitions such as the Global Under 23, the Champions League or the one dedicated only to rare cards. The real-world player performance, which influences the scores in the platform, is that provided by Opta, the sports data provider that also recently acquired the Italian startup Wyscout.
Sorare now has 55,000 users and last November generated 1 million euros in sales volume. “Most of our users are football manager or fantasy football players, so most buy [the cards] with a credit card,” comments Nicolas Julia, founder of Sorare. The cards, in fact, can also be purchased with cryptocurrencies, by connecting Coinbase, METAMASK or other compatible wallets.
The transactions of the trades in the players' market and the characteristics of the cards are recorded on the Ethereum network, and this ensures the uniqueness and transparency of the operations and the history of each card. “One of the ambitions of this game is to create a product for the masses that show the benefits that the blockchain brings, without specifically naming the functionalities that are used, continues Nicolas.
One of Sorare's strengths is the quantity of clubs and players it offers under license, with original badges and faces: recently, as regards the Italian clubs, Inter joined the already present Juventus, Lazio, Naples and Rome. , but new ones are announced every week.
You don't need to use a money deposit to get started, because basic team composition only requires community cards that don't come with a price. "The role of [user] managers is to study the players who will perform well in reality, take their cards and wait to earn rewards." In addition to earning based on performance influencing team scores, users can also sell cards of players who improve at a higher price, both in currency (euro) and cryptocurrency (Ether).
