Sorare declined to comment on the report. Sorare hopes to sign each of the world's top 20 soccer leagues by the end of 2022.įounded in 2018, the start-up is reportedly gearing up for a $530 million funding round that would give it a valuation of at least $3.8 billion, according to Insider. The platform has more than 500,000 registered users in total. Sorare says it has processed more than $130 million in sales through its platform since the beginning of 2021, and expects to process over $200 million by year-end. NFTs have also given rise to a number of scams, with a fake Banksy collectible being sold for more than $300,000 through an apparent hack on the artist's website. However, critics view the trend as a potential bubble in a market known for highly speculative investing. Proponents of NFTs say they're a way of achieving verifiable scarcity and ownership of digital media, which can be reproduced and distributed on a mass scale thanks to the free availability of content on the internet. A piece by the digital artist Beeple sold for nearly $70 million in March, while Visa recently purchased a crypto collectible called a CryptoPunk for nearly $150,000 in ethereum. Last month, it was revealed that part of Lionel Messi's welcome package at Paris Saint-Germain included the French club's fan token, which was developed with cryptocurrency firm. Meanwhile, a number of clubs have launched so-called fan tokens that allow holders to vote on mostly minor club decisions and receive certain perks. In the world of soccer, Manchester City has dropped two collections of NFTs. For example, the Champion Europe league consists of the German, English, Spanish, French and. Personal Loans for 670 Credit Score or Lower Sorare combines national leagues into their own leagues. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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