What is Sorare Metaverse?
Sorare is a fantasy football game in which you can buy, trade, and play with digital cards. It is available on iOS and Android devices. A club or league certifies that each card is an official digital collectible, and each card is available for purchase. Sorare tokens are non-fungible digital assets that are built on the Ethereum blockchain. All cards have three levels of rarity and uniqueness, with Rare, Super Rare, and Unique being the rarest and unique. Each season, the Sorare team establishes the level of supply for each player card, allowing everyone to be aware of how scarce your card is in comparison to the total supply of cards in circulation at all times. Players can amass a collection of football cards, trade them on the open market, and engage in a variety of other gaming activities. The platform allows users to participate in fantasy football tournaments using any Sorare card they have in their collection. There are currently five-a-side games available for purchase. Player cards are available for purchase from Sorare in packs, or you can purchase individual cards on the open market for Ethereum or cash. Sorare also provides winners with additional cards and Ethereum payouts in addition to the prizes awarded in the tournaments.
How does Sorare Metaverse work and is it safe?
Here’s how ReadyForMetaverse answered the question:
Despite the fact that you may already be familiar with the way Sorare operates, there is always a question we ask ourselves when money is involved in a game like this. Is it safe to use? Is it true that this is not a scam? Please take comfort in the fact that we are dealing with a legal business and that we have the support of numerous highly reputable entities, including Ubisoft, e.ventures, Consensis, Partech, and even Gerard Piqué, a soccer player for FC Barcelona.
How much is Rares, the currency in this fantasy football game worth?
The amount of money you are willing to spend on them. Just like that, the problem is solved. The starting point for Rares in the auction is 0.005 ETH (approximately 5€ at the January 2021 exchange rate), 0.048 ETH (approximately 56€) for Very Rares, and 0.478 ETH (approximately 560€) for Uniques. These prices are subject to change at any time. When putting something up for sale on the transfer market, it is the user who determines the price. Keep an eye out for players who appear to be too cheap (they are usually injured or warming up the bench). When you create your account, your wallet is automatically created, and this is where you will store the amount of Ether (ETH) that you have recharged or earned over the course of your account. To top up your ETH wallet, you can use another ETH wallet, an exchange, or your credit card to do so.
How are the players rated?
Even though the mechanism for assigning points is complicated, it can be broken down into three categories: Decisive score, Overall score, and Bonuses. decisive result Starting with 35 points, the player’s score will rise as a result of positive impacts and fall as a result of negative ones. Impactful plays include a goal, an assist, a forced penalty, a clearance on the goal line, a clean sheet (only for goalkeepers), a saved penalty, and the last man entry (avoiding a clear goal-scoring chance). Conceding three or more goals has a negative impact. Examples include: red card, own goal, penalty kick, missed clear goalscoring opportunity, and being sent off (goalkeeper only). a total of ten points This section contains a list of 39 game actions that either add or subtract less than the decisive action. Bonus They build on each other. 10% if the card is from the current season; 15% otherwise. 20% of the total is reserved for the designated captain. The level bonus (up to a maximum of 50%) is determined by the level of the card (experience and shortage).
How did the project got funded?
In a crowdfunding campaign for its NFT fantasy football trading card game of the same name, French blockchain startup Sorare has raised $680 million. A portion of the funds will be used to develop an app for the game, which is currently available only in browser mode.
Sorare is a fantasy football game in which players can buy, sell, trade, and manage a virtual football team made up of National Football League player cards. The game is available on iOS and Android devices. The company, which was founded in 2018 by Nicolas Julia and Adrien Montfort, makes use of blockchain technology, specifically Ethereum-based blockchain technology. The Sorare platform currently includes over 180 officially licensed football clubs, including Real Madrid and Bayern Munich, more than 6,000 licensed footballers, and more than 600,000 registered users, according to the time this article was written.
The funding round, which was led by SoftBank and included participation from Atomico, Bessemer Ventures, D1 Capital, Eurazeo, IVP, and Liontree, was led by SoftBank and included participation from Atomico, Bessemer Ventures, D1 Capital, Eurazeo, IVP, and Liontree. The new investors will join existing investors such as Benchmark, Accel, and Partech, as well as angel investors such as Reddit co-founder Alexis Ohanian and several football players, such as Rio Ferdinand and Antoine Griezmann, who have previously invested in the company.
Footballers’ contributions to the cause
The completion of the Series B funding round represents the largest amount of funding ever raised by a French technology company, as well as the largest Series B funding round ever completed in Europe.
Sorare raised $50 million in Series A funding earlier this year, which will be used to rapidly accelerate development and expand the team. To date, the company has raised a total of $783 million, making it the most successful venture in the blockchain industry.
Sorare intends to use the funds raised to continue its rapid growth by entering into new partnerships, accelerating development, expanding the team even further, and expanding into new sports beginning in 2022, among other things.
The company also announced a number of new initiatives to ‘give back to the community that it serves. Support for community-led football, financial support for young, underprivileged entrepreneurs, and increased female representation in sports will all be promoted through the initiatives, which will include a significant investment in female football.