![]() For instance, the team was able to sign on then-Champions-League winner Bayern Munich as a partner. The remainder of 2020 continued to yield spectacular growth. The founders also understood the power of signaling by allowing World Cup Champion André Schürrle to take part in the funding round. Certainly, the coronavirus pandemic rapidly ascended adoption as humans spent more time being glued to their computer screens.Īs a result, Sorare was able to raise a funding round of €3.5 million in July. In the first half of 2020, the company signed agreements with the likes of Juventus Turin, Lazio Rome, Olympique Lyonnais, and South Korea’s K-League, and more.īy summer 2020, Sorare had already sold over $1 million worth of cards. With tens of thousands of players being part of its platform, conversations with other clubs suddenly became much easier. Sorare remained invite-only until late 2019 when it finally opened up to the public. ![]() Soon after, the team was able to attract a few more investors who altogether provided the company with €500,000 in seed capital. Just for reference: Hitchen’s seed investment has netted him a return of 220,000 percent (!) over the next 28 months.Īt the time, Sorare’s only partner was a third division Belgian soccer team that had piloted the concept together with the team. In March 2019, Australian entrepreneur Chris Hitchen provided them with a seed investment of $100,000, which valued the young startup at $3.2 million. While working on getting the beta product out, they were also able to secure their first seed funding. ![]() In December 2018, they officially incorporated the company. In the meantime, both Julia and Montfort were already much further ahead and extremely early in understanding the vast potential that blockchains and cryptocurrencies possessed.Īs a result of that knowledge, they decided to commence work on Sorare. For many, the Bitcoin rally of 2017 served as a first introduction to the ecosystem. However, he departed from the business a year later and joined Stratumn, a platform for developing enterprise-level blockchain applications, as its VP of Operations.Īt Stratumn is where he ended up meeting his fellow co-founder Montfort, who joined the company a year later and held various software-engineering-related roles prior to that.Īround that time, the concept of blockchains and cryptocurrencies finally began to take off. In 2015, he co-founded La Javaness, an AI-based tool used for process automation. Prior to founding Sorare, Julia had already gained some experience in the world of entrepreneurship. Sorare, headquartered in Paris, France, was founded in 2018 by Nicolas Julia (CEO) as well as Adrien Montfort. Players can also engage with each other using its Discord and Twitter community. Sorare can currently only be accessed via the firm’s website. Players can earn a variety of rewards, based on the league they partake, which include rare cards as well as Ether (Ethereum’s currency). For instance, a Rare card will receive a point boost of up to 15 percent while a Unique one can get up to 55 percent. Once the gameday commences, all points, which are based on a player’s performance (such as goals and assist), are tallied to determine the winner(s).Ī player, depending on your card’s rarity, will also receive different levels of boosts on the points scored. Once you join a league, you can pick your individual line-up for each game day. The game offers a variety of leagues that players can join, including region-focused leagues or tournaments for rookie players. Example clubs include Real Madrid, Liverpool FC, Juventus Turin, and Bayern Munich. Sorare has, furthermore, partnered with over 180 football organizations to license those cards. For instance, there are 1,000 Limited cards of a player released but only one Unique. Each digital card is registered as a unique token on the Ethereum blockchain.ĭepending on the card’s categorization, namely Limited, Rare, Super Rare, and Unique, only a set number of cards is issued every season. ![]() ![]() The player cards represent non-fungible tokens (NFTs), which can be purchased and sold on the game’s own marketplace. What separates Sorare from traditional fantasy league games is that its platform is tokenized on the Ethereum blockchain. Sorare, pronounced “so rare”, is a fantasy football game that allows players to create virtual teams and compete against each other in a league format. ![]()
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