Do you like football? You can make money with Sorare!

Do you know or perhaps did you collect Panini football cards when you were younger? Well, here, it's a bit of the same thing, in a blockchain version! Of course, there are additional features and that is what we invite you to discover in this article.

This is what the new French start-up offers us Sorare.

The startup announced that it had raised 3,5 million euros in funds. The fundraising was done with renowned investors such as e e.ventures, Partech, Fabric Ventures and Semantic Venture. This also shows, indirectly, the ever-increasing interest of investors in projects linked to the blockchain.

Beyond the fact that it is a French company, sorare, it is also a company that is becoming more and more talked about. The concept is innovative and the users are there.

In reality, the sports card market is already a very profitable market (excluding blockchain), and it amounts to no less than 5,4 billion in the USA.

There are around 200 million people who play fantasy sports games. And, the number of followers is always growing!

Sorare has therefore launched into a growing market with enormous potential, both among players and those interested in blockchain technology.

And, if we can combine the two worlds, is it all beneficial?

So let's see what is sorare and how it works.

Sorare: A game of digital football players cards

The Sorare company was created in March 2019 by two French founders Nicolas Julia and Adrien Montfort. The latter were interested in blockchain technology and football. They are declared according to the magazine "The digital" that they wanted to be inspired by how Hello Kitties works. This iconic game on the blockchain Ethereum allows you to collect unique virtual cats. They then decided to mix these two worlds to create Sorare.

Very quickly (in less than a year), the company became profitable with the sale of more than $50 million in digital cards, in more than XNUMX countries.

And this success is not about to stop.

And for good reason; It's not just about collecting player cards on Sorare but also being able to earn money with these cards.

Let's see that more closely.

How to earn money with Sorare cards ⚽?

As the name suggests, digital cards on Sorare are rare, unlike panini cards, for example. Additionally, every card transaction is recorded on the blockchain. This means that everyone can have access to the different operations. We can therefore really see who is the owner of this or that card. Each card is represented in the large register that is the blockchain.

In fact, on Sorare, it goes further than just collecting cards.

A bit like the Fantasy Premier League game, you can play with your cards. Moreover, it is even the goal to form a team of 5 players (represented by 5 cards).

The cards will take on more or less importance depending on the player's real-life performance. Thus, the cards are updated and have a very "real" value.

So, if a player has cards of players in his team who scored goals (for example) in a match during the week, well, that player will have a stronger team in the Sorare game.

This is also certainly what makes this game very appreciated by football fans on the one hand and by those who like online games in general.

The fact that it is backed by a blockchain makes the game even more exciting as there is real transparency in the transactions.

?  If the player has built a good team, he can win in several ways:

• He can resell his cards and pocket a capital gain.
• The platform gives and sends rewards.
• He can also gain additional cards or have access to rarer cards.

Get the rarest cards and place auctions

This game can quickly become addictive, you will see why.

To explain how it works in practice, tell yourself that in Sorare, you have three types of cards:

• Rare cards (available in 100 copies)
• Super rare cards (available in 10 copies)
• And the unique cards (as the name suggests, there is only one copy).

Of course, the rarer a card, the more expensive it is.

? How to get cards?

To buy cards, there is an auction system. It is also this system that causes prices to vary depending on supply and demand. This also explains how some players make money with it.

If a player performs well, as was the case with Kylian Mbappé, well, naturally, the price of his card will explode.

How to play on the Sorare platform?

In fact, there are three main ways to use and play on the platform. It's up to you to use it according to your objectives.

✅ Be the best manager and build the best team

This is the first way to play classically on Sorare. There, you have to try to select the best players. In beginner mode you have to build a team of 10 players and in advanced mode you have to create a team of 5 players.

The goal is to earn rewards with the cards you choose.

✅ Become the best collector

This is the simplest variant of the idea. People who use Sorare and are looking to collect cards can also do so simply for the enjoyment of the game. Of course, this remains a collection with ever-increasing value.

They know that they can resell their cards at any time to recover a significant stake if their cards have increased in value.

✅ Buy-resell and make profits

If you are a player who already bets on bitcoin sports betting for example, then, perhaps this is a variation of the game that will interest you.

Typically here, the player will "sniff out" small players for the moment and buy their cards. He will resell them once they have increased in value.

You need to have good intuition and know the world of football in general. This can prove to be frankly beneficial for those who know how to recognize the next champions.

It is also the way to earn money relatively easily.

In addition, if you buy during a match period, it can go very quickly, as the cards are updated according to the players' performances.

For example, a player like Victor Osimhen, saw the price of his card increase even though it was initially on sale at 2,5 euros. For what? Well, this player was simply very good on the pitch!

Final word on Sorare: Is the game going to be a hit?

In fact, if we base ourselves on the company's data, very clearly, there are more and more users. On the one hand, they created an application on one of the most popular sports in the world. The market is huge and the fans and followers of football-related games are ever-growing.

So, with this data alone, we can say that Sorare will experience ever greater success.

Likewise, the fact that the game is based on blockchain is even better! Seriously, this allows for better transparency on the part of the company and above all to be able to carry out operations more quickly. Efficiency and speed are important criteria for all online games, as you know.

For the moment, the company already collaborates with more than 70 football clubs, in Europe, the USA and even in Asia. And, the company is already working on new partnerships. Their goal is to have the 20 biggest football leagues in the world. That's ambition, but we can largely believe that they will get there. The football sector has already shown itself to be open to blockchain technology.

Indeed, Sorare is not to be classified among bitcoin sports betting sites as Cloudbet for example and brings innovation in the sector of crypto football.

Now when you see a football match, open your eyes to the potential of the players... You never know, you could win a lot of money, with...

*You can earn a rare card if you buy 5 new new cards.

Read related articles:

• Discover the sites of bitcoin sports betting
• Our opinion on Sportsbet.io
• Read our review on 1xBit

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Please note: Like all articles on this blog, this is not financial advice but simply information to help you better understand the world of cryptocurrencies.