Sorare raises $680 million for its fantasy sports NFT game

Sorare raises $680 million for its fantasy sports NFT game

TechCrunch·2021-09-22 12:09

Photo: Sorare

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.

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