Who is Sorare, the French startup that signed the biggest fundraiser in the history of French Tech?
What is its business model?
How could you too get rich with Sorare?
Sorare is a French start-up created in 2019 which has set up a platform where you collect digital cards bearing the image of football players in NFT (NFT for non-fungible)
The start-up publishes these NFTs, organizes the purchase and resale market and also sets up a competition that allows you to win other cards. For her admirers, the new French unicorn has succeeded in marrying football, blockchain, NFT, and "play to win" to create a juicy business. For others, it has only reinvented the Panini cards in version 2.0, and the game that will neither solve the climate crisis nor the next pandemic is likely to tire the community quickly. In the meantime, during the last round table the young unicorn managed to raise a financing of 680 million dollars which values the start-up at 4.3 billion dollars. Already profitable and with a forecast of 100 million in revenue in 2021, it is based on the sale of cards it creates that sell for the rarest tens of thousands of eurosSorare succeeded in this feat by developing an extraordinary vein of valuing the cards of football clubs and players, an activity that was not yet developed in NFT. The peculiarity of Sorare is to have made something new with something old. The start-up is based on two well-known models, the famous Panini collection cards from our childhood, and the football manager game. Sorare thus offers users the opportunity to collect and speculate on the rarest and most in demand. It is therefore up to the user to choose their virtual players wisely, taking into account their current form or possible injury. The winners of the championships receive cards but also a prize in ETH (etherium). Several categories (limited rare super rare unique) exist and obviously, the more rare a player card, the more expensive this card will be. of these can sell for up to $ 280,000. Sorare, aims to create the world's first entertainment group in the world of sport. For now, Sorare claims 250,000 active players, including between 30,000 and 40,000 who have a card in the form of NFT. From 30 employees today, it expects to increase to 200 as of next year. Buy, sell and trade your cards as you see fit, build a competitive team, and compete in tournaments to earn rewards
Discover sorare sorare.com/r/blockinvest
Sorare discover the French Start up
By Blockinvest | block-invest | 30 Dec 2021
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