The French football club, Paris St. Germain, hasn’t dropped the blockchain baton yet, and the club is now ready to spend player collectibles as rare tokens.
PSG, who play at the highest level in French football, It had already entered into a partnership with the blockchain platform Socios.com in order to start its own “Fan Token Offering” in 2018.
This week the club became the 100th soccer club to join the Sorare platform of the blockchain-based fantasy soccer game Ethereum.
The PSG players, Neymar Y. Kylian Mbappéas well as club veterans David Beckham, is marked as a limited edition digital player card. The score of the player cards depends on their actual performance on soccer tables. The rarity of trading cards is guaranteed through the use of blockchain technology.
The news of the new partnership also coincides with Sorare’s official launch in the US., which has become the second largest game market in the world.
In conversation with Cointelegraph, a spokesperson for Sorare stated that the game was in closed beta in the US until December 2019 (by invitation only) and in open beta until release on September 28th.
According to the Fantasy Sports and Games Association, about 60 million people in the United States play fantasy sports makes the market particularly attractive for blockchain participants.
“We believe that with 100 clubs and three of the ten best football clubs in the world – Juventus, PSG and Atlético de Madrid – we are now officially on the right track to promote the game as a complete gaming experience.”said the speaker.
Before the US launch, he noted that the game “I needed some improvements, like the scoreboard and game progression.”.
Since its launch in March 2019, Sorare has had $ 2 million in revenue with card sales in 60 countries.
Not fungibleSorare, a leaderboard for blockchain games and collectors of non-fungible token issuers (NFTs), currently ranks fifth. Reports a 7-day volume of $ 205,131 compared to $ 954,231 for top ranked game Cryptokitties.
NFTs became famous in 2017 with the introduction of cryptokitties, which, like Sorare, are based on the Ethereum blockchain. NFT’s collector market was valued at $ 370 billion in July 2020.