The Premier League has reached a multi-year agreement with Sorare, a US $4.3 billion American football match. According to the agreement, the Premier League will be authorized with the official tennis player card. According to the distribution of the exclusive agent for many years, the players will be able to purchase and apply the NFT of the famous football game official network license. You can participate in the Five-Person Aesthetic Football Competition through Sorare, a newly established company based in Paris, which has 3 million users worldwide. The performance of players on the field at this stage depends on the probability of success.

The transaction between NFT and Sorare in the Premier League

In addition, according to the release of aesthetical sports activities in digital currency, mobile games also have two additional effects. It mainly includes the good opportunity to apply the player card unique to the league to participate in the game, and the role of "accounting fair trade" that restricts users to select the star game team.

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In October 2022, it was rumored that Solare was carrying out an authorized transaction discussion with the Premier League, which is the highest level of men's football in Britain. Nicolas Julia, CEO of Sorare, said that this kind of problem took longer to solve than expected. This is mainly because the Premier League has signed an NFT authorization document with another company. It is rumored that ConsensSys bid to ensure that the transaction price is as high as 40000 euros or 459 million dollars. However, with the "encryption winter" wiping out many network resources available to companies in the blockchain market industry, the transaction failed at last.

When talking about Sorare, Julia was told:

The development direction of Sorare is quite different from that of other regions. Last year, the total amount of credit card swaps in the platform reached US $500 million, basically double the US $270 million in 2021.

Increasing sports transactions in cryptocurrency

According to the data provided by CryptoSlam, Sorare NFT's personal collection is the third largest in the world. In addition, according to the data provided by the website, the company solved the transaction with a value of about US $1 million in one day. Accel and Benchmark, as well as Softbank Investment in Japan, are all the most famous institutions for project investment in Sorare. In addition, many competitors such as Lionel Messicro, Serena Jones and Katherine Gretzman are shareholders of the company.

The cooperation between the Premier League and Sorare is different. It is a new example of the growing number of intermediate transactions between the sports league and the encryption service platform. In the past, Sorare has announced the establishment of cooperative relations with Major League Baseball and China Basketball Association.