A startup bets on fantasy football on blockchain

The French startup Sorare has created an Ethereum-based model for playing virtual football tournaments and collecting athletes' figurines

The Sorare digital fantasy football platform Blockchain technology to digitize the fantasy football and exchange soccer players . The idea came just over a year to the founders of the French startup Sorare, which to date has already sold over one million dollars of playing cards to its users worldwide and has just announced an initial 4-round investment round. millions of dollars led by the Californian venture capital fund E.ventures, and with subscriptions by a large number of investors, including companies such as Partech, Fabric Ventures and Semantic Ventures, among the most active international investors in the sector of young technology companies .

A similar interest in this young company is justified by the fact that since its foundation in 2019, Sorare already has agreements and collaborations with 100 football teams between Europe, the United States and Asia, for the issuance of Officially licensed cards that players can purchase, trade, collect and use to play the first digital fantasy football on a global scale. Furthermore, thanks to the new investments, the startup also aims to hire 10 new employees and to finalize partnership licenses in 5 leagues and with new clubs all over the world, including 3 in Italy. In the first six months of the year, the fantasy football 4.0 platform was able to increase its turnover by tenfold, reaching $ 350,000 in revenues from the 30,000 in December 2019.

The game

And to affect it is above all the game modes proposed by Touch. Every week players can play five cards of football players to participate in tournaments and get points based on the performance of their players on the field, just like in the classic fantasy football, in addition to having a bonus related to the value of all the cards. But based on the scores obtained, and to the rarity of the cards you possess, players can also win prizes, such as new cards or rewards.



In all this, the role of the blockchain of Ethereum is to allow for the purchase of the official papers on the marketplace platform via criptovalute Ether (besides credit card), and guarantee the possibility to know at any moment who owns those cards, so as to protect the rarity, and to give greater assurance to the players. For every player there is in fact a single figurine to the official, to which you add 10 stickers Super rare, 100 Rare which give different scores and bonuses.

The infrastructure of the blockchain works, then, as an added value for collectors and football fans, because, as remarked by the ceo of the company, Nicolas, Julia, “you can buy 370 billion dollars of items from the collection to the year. The mission of Touch is to make the fantasy football global and rewarding, with a new type of collectible: the digital paper football”.