FC Bayern Munich, the German soccer club, is entering the world of blockchain-based fantasy soccer.
It has been reported that the Ethereum blockchain-based fantasy soccer game Sorare, which Bayern joined this week, already counts over 100 participant clubs, including high-profile names such as Paris Saint-Germain, Juventus, and Atlético Madrid.
However, FC Bayern Munich is itself no stranger to collaborations with blockchain projects, having partnered last fall with Stryking Entertainment to produce digital collectibles of its players.
These cards are both collectible and playable as part of a fantasy-league style challenge.
FC Bayern Munich noted that the top 20 leagues in the world are now available on the gaming platform, which has become truly global.
It has been analyzed that Sorare works as a five-a-side soccer game, as new players pick an initial squad of 10 blockchain-based player cards from which they create their tournament team.
Also, Sorare offers players the chance to buy and trade limited edition cards, whose higher score and value are determined by players’ real-life performance in soccer league tables and their rarity as digital collectibles.
According to Nonfungible, a ranking site for blockchain games and issuers of collectible, non-fungible tokens, Sorare is inching up the league tables and has been gaining popularity with the global gaming community.
As per the report, the platform is ranked third, with a weekly trading volume of around $243,000. In terms of all-time-sales, Sorare significantly trails behind Axie Infinity, which reports around triple the sales of the fantasy soccer market.
Thus, Sorare has recently launched in the United States, where the platform hopes to attract some of the 60 million American fantasy sports players.