German football club FC Bayern Munich, which plays in the Bundesliga, is entering the world of blockchain-based fantasy football.
The Ethereum blockchain-based fantasy football game Sorare, which Bayern joined this week already has more than 100 participating clubs, including high-profile names such as Paris Saint-German, Juventus, PSG and Atletico Madrid.
FC Bayern Munich itself is no stranger to blockchain project collaborations, having teamed up with Stryking Entertainment to produce last fall digital collectibles of its players. These cards are both collectible and playable as part of a fantasy league-style challenge.
Announcing its Sorare deal to fans, FC Bayern Munich noted that the 20 best leagues in the world are now available on the gaming platform, which has become truly global.
Sorare works like a five-on-one soccer game. New players choose a first team of 10 blockchain based player cards from which to make their tournament team.
As reported, Sorare also offers players the chance to buy and trade limited edition cards, whose higher score and value is determined by the real-life performances of players in football leagues and their rarity as digital collectibles.
According to Nonfungible, a ranking site for blockchain games and publishers of collectable, non-replaceable tokens, Sorare is slowly rising in the rankings and gaining popularity with the global gaming community.
From the press time is the platform ranked third, with a weekly trading volume of approximately $ 243,000. In terms of all-time sales, however, Sorare is significantly behind Axie Infinity, who reports roughly tripling the sales of the fantasy football market.
In a recent interview with Cointelegraph, Sorare outlined her strategy for expanding into the US market, where nearly 60 million gamers play fantasy sports. The platform has recently officially launched There.
Sorare recently launched in the United States, where the platform hopes to attract some of the 60 million American fantasy sports players.