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La Liga Becomes First Top Soccer League to Offer NFTs of All Players

www.coindesk.com 09 September 2021 10:57, UTC
Reading time: ~2 m

Spain’s La Liga has become the first of Europe’s top soccer leagues to offer non-fungible tokens (NFTs) for all its players.

  • A partnership with French digital soccer collectibles platform Sorare will allow fans to trade and play fantasy tournaments with NFTs representing players from the 20 biggest clubs in Spain, including Barcelona, Real Madrid and Atlético Madrid.
  • The collaboration is the first such deal Sorare has struck with one of the top European soccer leagues, according to an announcement Thursday.
  • Sorare plans to strike similar deals with the top 20 leagues worldwide by the end of 2022.
  • A number of the world’s elite individual teams already have NFTs on the platform, including Bayern Munich, Juventus and Liverpool.
  • The platform’s game allows users to build a team made up of five players represented by NFTs, which they enter in various fantasy football tournaments to earn prizes based on the players’ real-life performances.
  • Sorare was reportedly set to receive $532 million in funding in June, which would value the platform at over $3.8 billion.

Read more: In Europe, Football NFTs and Tokens Are No Fantasy

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