Premier League player cards are available for purchase on Sorare's platform, with some 'super rare' cards already valued at over €100 and more.
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.
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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.