French startup Sorare has announced that it has raised a significant funding round. SoftBank’s Vision Fund 2 has led a $680 million Series B round, which values the company at $4.3 billion.
Sorare has built a fantasty football (soccer) platform based on NFTs, or non-fungible tokens. Each digital card is registered as a unique token on the Ethereum blockchain. Players can buy and sell cards from other players. Transactions are all recorded on the Ethereum blockchain.
What makes Sorare unique is that it has partnered with 180 football organizations, including some of the most famous clubs in Europe, such as Real Madrid, Liverpool and …
