Sorare, the platform for creating and trading football non-fungible tokens (NFTs), has raised $50 million in Series A. In an emailed announcement Thursday, Sorare said the funding round was led by venture capital firm Benchmark, which backs Twitter, Uber and Snap.
Other investors in the round include venture firm Accel, Reddit co-founder Alexis Ohanian, and Barcelona striker and Lionel Messi teammate Antoine Griezmann, among others.
The Email further reads,
“We’ll be using this new funding to propel our vision forward. Our mission is to create “The game within The game”. We are transforming online football fandom and giving fans like us the power to own the game they love.Specifically, the funds will help us to:
- Accelerate the hiring of a world-class team
- Onboard the top 20 football leagues in the world
- Launch a mobile application
More importantly, these funds will serve to delight our current and future community. Clubs, footballers and fans are at the heart of the game. We’re designing an experience where fans can celebrate, share, and live football moments at a deeper connection. We’re making fantasy football a reality.”
Sorare,one of the top NFT platforms in the market today is powered by Ethereum crypto currency.The company is ranked fifth on NFT tracker CryptoSlam, based on the trading volume of the past 30 days.
“Human beings have been collecting for centuries, it’s something we do,” Nicolas Julia said in an interview. “This is a product that could bring the crypto asset class to millions of people.”
“Blockchain technology gives Sorare cards superpowers. We are building more than collectibles. Our digital cards have a utility that can be used in our global fantasy football games and myriads of games. The potential is limitless and we can’t wait to see the amazing football projects that are built around Sorare cards!” explain Julia