Sorare is a fantasy sports gaming experience based on NFTs, or non-fungible tokens. Most importantly, the company has partnered with various football leagues to create trading cards representing football players, which are registered as unique tokens on the Ethereum blockchain. Firstly, Sorare players can buy and sell cards, put together a lineup of five players, and earn points based on real-life performances. Consequently, the company generates revenue by frequently issuing new cards on the platform.
Net Zero Carbon Footprint by 2025
Above all, the company, has released its new sustainability strategy in collaboration with Plan A and Blisce. The goal is to become the first fantasy sports company on blockchain with zero emissions by achieving a net zero carbon footprint by 2025. Sorare has worked with Plan A, a leading carbon accounting platform, to develop this long-term sustainability strategy.
Sorare Partnerships with Major Sports Leagues
Recently, Sorare has been integrating new sports into its blockchain-based fantasy sports game. Starting with soccer, it now offers the opportunity to collect, trade, and play with baseball, basketball, and football player cards.Sorare has established a multi-year partnership with the National Basketball Association (NBA) and National Basketball Player Association (NBPA) as a Fantasy Game NFT. The company has also signed a four-year licensing partnership with the Premier League, one of the world’s most-watched sports leagues.
Sorare Success and Future Goals
The company has had great success so far, raising $680 million in a Series B round and signing partnerships with many clubs and football organizations, including LaLiga, Bundesliga, and Serie A. With the latest partnership with the Premier League, all 20 clubs will be available on the platform, along with league-specific competitions. Sorare’s goal is to build a global sports community for fans and they are extremely proud to have partnered with three of the biggest sports leagues in the world: the Premier League, NBA, and MLB.
Sorare’s commitment to sustainability and partnerships with major sports leagues solidify its position as a leader in the world of blockchain fantasy sports. The company’s innovative use of NFTs and partnerships with football organizations have made it a popular choice among sports fans, with over two million registered users in 185 countries. The Premier League partnership is a significant milestone for Sorare and the company is excited to bring fans the opportunity to play with Premier League cards in their tournaments. Sorare’s goal to become the first fantasy sports company with a net zero carbon footprint by 2025 is commendable and demonstrates the company’s commitment to responsible growth and sustainability.