Blockchain Soccer Gaming Platform Raises Around $50M From Major Investors
One of the world’s biggest blockchain-based football/soccer gaming platforms by the name of Sorare has managed to raise $50 million through high profile contributors and investors who are all backing big-time companies such as Discord, Twitter as well as Instagram.
Series A Victory Brings In Big Money For Sorare
Through their recent success in Series A, Sorare has managed to generate $50 million through the round and, at the time of this writing, have added this to their pre-existing amount of $10 million, thereby bringing their current overall funding to $60 million.
The round of funding itself had been led by Benchmark, which is one of the biggest investment-based giants that has also previously provided funding to Uber and Twitter in the past. In addition to this, Accel Partners had been another key investor, and they have previously provided funding to both Spotify as well as Facebook. There were also some other investors such as Vaynermedia owner and Chief Executive Officer Gary Vaynerchuck, and even current striker for Barcelona FC Antoine Griezman.
Future Plans For Sorare
With its recent abundance of funding, Sorare has plans to establish a new, more user-friendly ecosystem and aims to launch its own mobile application and also be a part of the top 20 football/soccer leagues in the world. Furthermore, by focusing their efforts on designing a football experience that is truly unique, one that can allow fans to share, celebrate and have a ‘live’ football experience, especially during a time of a global pandemic, Sorare really does seem to be making fantasy football/soccer into a reality.
In terms of its relation to cryptocurrency and blockchain, Sorare also supplies a platform that specialises in collectables gathered digitally, and all of this is reliant on the Ethereum blockchain as well. Moreover, through the employment of tokens that are ‘non-fungible, consumers of this digital sports experience will also be allowed ease of access for their prize and player management.
Ultimately, both cryptocurrency, as well as blockchain start-ups have been continually trying to break into the soccer/football industry for quite some time now, and with success stories such as that of Sorare, things seem to be going relatively well for all parties involved for the time being.
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