Premier League gets Ethereum-based digital cards with Sorare partnership

Published at: Jan. 31, 2023

Blockchain-powered fantasy sports firm Sorare has sealed a deal with the English Premier League to mint Ethereum-based digital player cards on its platform.

Sorare has driven an interesting use case for Ethereum-based fantasy sports and digital card trading in recent years, offering fans the ability to mint, collect and trade various player cards with other users across a variety of nonfungible token (NFT) marketplaces.

Cointelegraph reached out to Sorare to clarify details of their latest deal which brings the Premier League to the fingertips of football fans. While the partnership was officially announced on January 30, a Sorare spokesperson said discussions between the league and the company had been ongoing for a lengthy period.

Sorare began to make moves within the Premier League network in 2019, signing West Ham United as its first English club as a partner of its platform. Cointelegraph has learned that the League and Sorare have agreed on a four-year deal, with the value of the partnership undisclosed for contractual reasons.

Related: Web3 projects aim to create engagement between fans and sports leagues

The company spokesperson also broke down the structure of the deal, with Sorare making an upfront downpayment to the league for licensing rights. From there, digital card sales result in a percentage split between Sorare and the Premier League.

Sorare mints digital cards of players from the Premier League on the Ethereum blockchain. The platform has long used ERC-721 token standard for its NFT player cards, which can be collected and trade by fans and used to play on the platform’s free-to-play fantasy sports league.

The Premier League digital cards will be available for initial purchase on Sorare before being available for trading on compatible marketplaces like OpenSea. The fantasy sports platform continues to be a proponent for connecting fans, players and organizations with blockchain technology:

“For Sorare, this underlying technology is the means, not the ends, to connecting users with their favourite clubs, and we welcome it powering the next generation of sports fandom and entertainment.”

NFTs including digital trading cards and highlights from various sporting codes have been become popular collectibles in recent years. NBA Top Shots exploded in popularity in 2021, while the football world has continued to see synergies with blockchain-based platforms.

Tags
Nft
Related Posts
FC Barcelona, Man City canceled crypto deals show cash is not everything
The sports industry took a hard hit from the coronavirus pandemic. Most leagues got suspended, and then teams played without the audience for an extended period. Sports clubs started to seek out new revenue streams, and the crypto industry arrived to aid with juicy deals. Numerous partnerships between major sports clubs grabbed headlines over the last year. Even national teams and major club unions joined the trend. So, it became even more surprising when FC Barcelona and Manchester City, two of the biggest soccer clubs in Europe, terminated their crypto-related sponsorship deals in the same week. FC Barcelona canceled its …
Adoption / Nov. 24, 2021
Sorare scores $680M funding led by SoftBank to grow its NFT sport portfolio
Sorare, a marketplace for nonfungible token (NFT) trading cards, has raised $680 million in a Series B funding round led by Japanese fintech giant SoftBank, resulting in a revised valuation of $4.3 billion for the platform. According to the company, the latest funding will help expand Sorare’s portfolio of football player NFTs by partnering with more football leagues and associations. In early September, the French NFT-based trading platform secured its first soccer league partnership with La Liga in addition to having NFT collaborations with Paris Saint-Germain, Liverpool and other top-tier soccer teams. Sorare also plans to diversify its NFT-based portfolio …
Adoption / Sept. 21, 2021
Football star Tom Brady to launch his own NFT platform
Six-time Super Bowl champion Tom Brady is backing a new major development in the nonfungible token industry by launching his own NFT platform. The new NFT platform, dubbed Autograph, will target some of the biggest figures in sports, entertainment, fashion and pop culture, and provide a tool for unique digital collectibles, a Brady representative told CNN on Tuesday. The platform is expected to launch this spring. Autograph CEO Dillon Rosenblatt said that the platform will bring together “some of the world’s most iconic names and brands with best in class digital artists” in order to create and launch NFT pieces …
Adoption / April 7, 2021
From art to gaming: The biggest NFT trends of 2021
According to a recent report by Cointelegraph Research, the volume of nonfungible tokens (NFTs) sold this year could eclipse $18 billion. From artwork, music and in-game characters to videos and photographs, these minted certificates of ownership for digital assets on blockchains are well sought after by collectors, investors and philanthropists alike. They can also be freely traded across decentralized NFT platforms such as OpenSea. Without further ado, let's look at the biggest trends developing in the NFTs space. 1. Celebrity and contemporary NFTs Of course, at the number one place this year, as there was no shortage of NFT drops …
Adoption / Dec. 28, 2021
FC Barcelona and AS Roma fan tokens rally after Socios partners with UEFA
Nonfungible tokens (NFTs) continue to see increased utilization as the possible applications of the technology have begun to be recognized in sectors ranging from sports entertainment to real estate. One subsector of this market that has seen a spike in momentum on Feb. 28 are fan token projects, protocols that allow their holders to participate in the governance of their favorite sports brands and receive specialized NFTs and other unique redeemables. Data from Cointelegraph Markets Pro and TradingView shows that the three biggest gainers over the past 24-hours were FC Barcelona Fan Token (BAR), AS Roma Fan Token (ASR) and …
Adoption / Feb. 28, 2022