The addition of the Japanese J-League has increased trading and sales by 89 percent for fantasy football game Sorare and pushed the game to the top of the charts. With 417 ETH – or 170 thousand dollars – in weekly trading volume, the project outpaced three major art platforms and four virtual worlds.
The J-League is one of the many new additions coming to Sorare in the coming months. The company expressed their ambition to double the amount of licensed teams before the end of the year. To accomplish this, the fantasy football game needs to sign up at least three more competitions. When a new league gets added, trading spikes on the platform.
Rarible has been topping the charts on Opensea for many weeks. The launch of their RARI token increased sales tremendously. However, in the past seven days trading volume dropped 48 percent. This suggests that their efforts against wash trading are paying off.
According to data from Opensea the top ten is as follows:
|Project||7 Day Volume||Change|
|Somnium Space||99.46 ETH||34.74%|
|The Sandbox||92.59 ETH||-9.71%|
|Axie Infinity||51.88 ETH||-29.75%|
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.
Each card is a co-called non-fungible token. That means that owners can play the game on Sorare.com or do anything else with their cards. They have full ownership.
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. This is a clear play-to-earn business model, even though the entry point for Sorare is pretty steep.
The cheapest cards generally sell for a couple of dollars, while the most wanted ones go for well over a thousand dollars a piece. When you’ve bought cards and formed a decent team, which normally requires anywhere between 100 and 250 dollars, you will be able to win cards on a weekly basis. Join the game!