![]() companies are more about collectibility, so no, I’m not worried about them competing in the European market. “We are the only ones that have bridged the gap between the game, collectibility and utility over the lifetime of sports NFTs,” Predhomme Thibaut, head of operations at Sorare, said in an interview. With the new funding round, Sorare plans to expand into new sports, sign new partnerships with professional sports organizations, expand the team in Europe and the U.S., and accelerate on mobile and marketing. ![]() We believe this is a huge opportunity to create the next sports entertainment giant, bringing Sorare to more football fans and organisations, and to introduce the same proven model to other sports and sports fans worldwide,” Sorare co-founder and CEO Nicolas Julia said. We are thrilled by the success we have seen so far, but this is just the beginning. ![]() “We saw the immense potential that blockchain and NFTs brought to unlock a new way for football clubs, footballers, and their fans to experience a deeper connection with each other. Other investors in Sorare’s raise include venture capital firms Accel and Bessemer Ventures, as well as the footballers Pique, Ferdinand, France’s Antoine Griezmann and Spain’s Cesar Azpilicueta.The new funding round is the second-largest private fundraise among blockchain startups as well as Europe’s biggest ever Series B. Softbank has been a relatively late investor in the blockchain sphere, but in the last three months it has placed some big bets. It also led investment in the NFT marketplace OpenSea in July and invested in the decentralised finance platform Juggernaut in March. Besides SoftBank, other participants in the investment include Atomico, Bessemer Ventures, D1 Capital Eurazeo, IVP, and Liontree as well as previous investors Benchmark, Accel and Headline. This is not SoftBank’s first foray into NFTs. The fundraising round was SoftBank’s first investment in Sorare, and done via its SoftBank Vision Fund 2. The most expensive unique card is of Cristiano Ronaldo, which was bought for 245,072 euros ($287,420.44) on March 13. Ryan Weeks / The Block:Paris-based Sorare, a soccer-focused NFT trading platform, raises 680M Series B led by SoftBank Vision Fund 2 at a 4.3B valuation Quick Take TheContinue reading.Paris-based Sorare, a soccer-focused NFT trading platform, raises 680M Series B led by SoftBank Vision Fund 2 at a 4. Since January 2021, there have been $150 million of sales on Sorare, which accepts payments via credit card and the cryptocurrency ether. “We believe this is a huge opportunity to create the next sports entertainment giant.” Ryan Weeks / The Block: Paris-based Sorare, a soccer-focused NFT trading platform, raises 680M Series B led by SoftBank Vision Fund 2 at a 4. “We saw the immense potential that blockchain and NFTs brought to unlock a new way for football clubs, footballers, and their fans to experience a deeper connection with each other,” Nicolas Julia, CEO and co-founder of Sorare, said. It plans to open an office in the United States and expand into sports other than soccer. Sorare is the largest sports-based NFT platform by sales volume, according to, a website which tracks NFT market data. The investment, Europe’s biggest ever Series B, gives Sorare a new valuation of 4.3 billion. “This evolution from physical assets to digital assets is very powerful, and creates a lot of exciting potential business models.” “We think NFTs represent a new paradigm in the collectability, usability, and engagement with assets,” Michel Combes, president of SoftBank Group International, said. Sorare users there.This isn’t SoftBank’s first foray into NFTs: it also led investments in NFT marketplace OpenSea in July and invested in decentralized finance platform Juggernaut in March.Other investors in Sorare’s raise include: venture capital firms Accel and Bessemer Ventures as well as footballers Pique, Ferdinand, Frenchman Antoine Griezmann and Spaniard Cesar Azpilicueta.(1 0. The market for NFTs has seen explosive growth in 2021, with collectible and sports-related ones the most popular types of token. ![]() The cards are traded in the form of non-fungible tokens (NFTs), a kind of crypto asset which records the ownership status of digital goods on blockchain. Paris-based Sorare said, in the announcement on Tuesday, that the investment now valued the company at $4.3 billion.įounded in 2018, Sorare is an online game where players buy officially licensed cards representing soccer players and build teams which play against each other, with the outcome based on the players’ performance in real-life games.Īlso on AF TV: Evergrande debt crisis explained Japan’s SoftBank has led a £680-million funding round for blockchain-based fantasy soccer game Sorare, with players including ex-England star Rio Ferdinand and Spain’s Gerard Pique also investing.
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