Sorare Continues its Expansion in the Fantasy Sports World

By Cje95 | Chronic Illness and Crypto | 13 May 2022


Fantasy sports have been around a lot longer than I think people understand reaching all the way back to the 1800s. Amazingly the sport it was created for was the one that really launched it in the modern era as well. For those of you who do not know what sport it could be, the sport in question is the second most popular sport in North America, baseball. 

 

While Major League Baseball or MLB for short first got into the NFT game in 2018 with a company called Lucid Sight however while the first "season" went well the project fell apart not long after and MLB pulled the plug in 2021. Since NFTs had become a huge market place MLB and the Players Union worked together to find a better much better company to work with and ended up choosing Candy Digital. Baseball fans like myself who also invest in crypto and NFTs loved it however it was missing the fantasy aspect that was once a feature that the initial NFT collaboration with Lucid Sight was supposed to bring. 

 

It was never mentioned in Candy's plans so I was happily surprised to read that MLB had partnered with Sorare and that they are going to be bringing this game to market rather quickly! The game is supposed to be released this summer meaning that you can use it this season. In the announcement, the COO of Sorare actually commented about how his first experience with fantasy sports was with MLB which was something neat to hear about as baseball does not have the appeal it once had. 

 

Something to note though is that MLB and the Players Union already have that deal with Candy Digital for the NFT rights so it will be interesting to see how the deal plays out there. Unlike Candy, though which has different amounts of cards for different players Sorare will continue the approach that they used for their first blockchain fantasy game in soccer. This game will also be on the Ethereum chain like the last one so it is my belief that they are most likely leveraging the technology they have already developed and deployed for this baseball game. Importantly the game will continue in the same vein as the soccer game with it being free to play however buying NFTs does help your team perform better. 

 

This game will differ from the current soccer game in that it will only focus on the 30 MLB teams and will not include any other leagues in it as the soccer one does. This is the second major push for Sorare into the American market following a deal with Major League Soccer. Currently, America is the world's hotbed for fantasy sports and so this exposure for Sorare is fantastic for the company. It will be interesting to see if football follows suit as those are the two sports that have the largest fantasy sports followings and have leagues that are pretty high stakes! 

 

I cannot wait to see more of what they have planned and what the NFTs look like since they will not be like any current baseball cards as Candy owns the IP rights to all of those! It is also super encouraging to hear that it will be free to play and gives you the option to spend money if you want, unlike other games that require money to purchase and then unlock things. With further ways to engage their fans, this could work out beautifully for all parties involved! 

 

Please know I am not a financial advisor I am just someone who picked up on a trend and wanted to express it! Makes sure you always do your own research and never invest money you cannot afford to lose! If you enjoyed this article and would like to further support me below are a couple of referral links that if you used when signing up I would appreciate it! Also, follow me on Twitter @Cje95_

 

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Cje95
Cje95

Graduated from Texas A&M in May of 2020 had dabbled in crypto since 2017 but dove in at the end of 2019. December of 2020 packed up and moved to D.C.! Huge sports fan, space nerd, and international newsreader! Follow me on Twitter @Cje95_


Chronic Illness and Crypto
Chronic Illness and Crypto

Cryptocurrency and Blockchain are going to be a huge part of the future and no matter who tries it isn't going to be stopped! Here I try to give my best insight and thoughts into the latest crypto news, features, developments. Further, I look to discover any link to news from the United States ranging from social-political issues to stock market and economic data.

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