BlocksInform
Despite the slowdown in the market, the first league has concluded an agreement with the French platform of Sorare fantastic sport to launch nft collections.
Sorare is officially licensed in the Premier League.
Sorare, a fantastic sports platform, will launch and sell exclusive Premier League ETFs. According to the terms of the deal, sorare will be allowed for the next four years to sell digital sports cards from players of the 20 clubs of the first league. The platform was the subject of a round of financing in 2021, raising $680 million to a value of $4.3 billion. One of the major investors in the company is Japan-based financial conglomerate .
The managing director of the Premier League talked about the factors that contributed to the Sorare deal.
"The way fans follow their favourite teams and players is changing, and the first league is still looking for ways to interact with fans. Sorare's digital cards and innovative online play represent a new way for them to feel more connected to the first league, from the stadium to the world. We believe Sorare is the perfect partner for the Premier League, and we look forward to working in close collaboration."
Prime League official TNT.
Sorare's team made the announcement on Monday. On her website, users will be able to purchase digital cards from players of their choice and line them up together into five teams of players to play against the worldwide fans. The result of these games will be based on the standard rules of fantastic sport and will depend on the real performance of football players on the ground. These player-based digital cards, or NFT, will also open doors to a number of other benefits for collectors, including access to Sorare merchandise, signed kits, and game tickets. They may also occasionally meet football stars. Also, by winning their fancy games, users may also be eligible for rewards based on blockchain like eth or digital collectors.
Are the NFT back on their feet?
2022 had spelled destruction through several avenues of crypto, and nfts were also profoundly touched. The surge in activity and interest that FNT generated in 2021 was actually wiped out as a result of several catastrophic industry events and the dormant bear market. For instance, let's take a closer look at the Sorare platform itself. As of March 2021, the average price of one nft on this platform had reached its peak of $281. This value fell drastically the following year and hit the floor with a $38 average price in December 2022.
However, 2023 has been searching for the majority of crypto prices. There also seems to be a slow but steady recovery in the NFT market. According to blockchain tracker cryptoslam, the number of monthly purchasers and transactions on sorare has already reached a record level. \
