Fantasy football game Sorare wants to double the number of licensed football clubs before the end of the year. Thanks to a 4 million dollar investment led by e-Ventures, the blockchain game company wants to hire more engineers and designers as well. Sorare announced the investment and their ambition on Thursday.
At the moment Sorare has licensed twenty individual clubs, the entire Belgian Jupiler Pro League, the Korean K-League and the American player association MLSPA. Among the licensed clubs are Valencia CF, Schalke 04, Atletico Madrid, FC Porto, Spartak Moscow, Juventus, AS Roma and Napoli. In total there are 76 clubs in the game.
The Paris-based company has seen immense growth in the past six months. In December 2019 the monthly sales of digital cards was generating 30 thousand dollars in revenue. Last month this was 350 thousand dollars.
A bit on side note, but one of the people in the investment group is André Schürrle. He’s a German football player who’s now without a club after his contract at Borussia Dortmund had been terminated. Most likely he will soon be available inside Sorare as well.
What is Sorare?
Sorare is a fantasy football game powered by blockchain technology. The project also has support from game publisher Ubisoft through the company’s entrepreneurs lab.
Blockchain technology introduces actual scarcity to digital cards, so these cards have a limited supply. Players can use the cards they’ve bought to create a fantasy team. Each card represents a real player. Based on the performance of that player on the actual pitch, the card holders will earn points. Every week the teams with the most points will earn new cards as a reward.
The cheapest cards generally sell for a couple of dollars, while the most wanted ones go for well over a thousand dollars a piece. Join the game!