About Sorare
Sorare operates a fantasy sports platform that merges digital collectible cards with fantasy games for football, baseball, and basketball. Users can buy, sell, and trade officially licensed digital player cards, which they use to compete in fantasy leagues. The platform utilizes blockchain technology to guarantee the authenticity and scarcity of these digital assets. Sorare stands out from its competitors by offering a unique combination of gaming and digital asset ownership, appealing to sports fans, gamers, and collectors alike. The company's goal is to create an engaging and competitive experience for its users while generating revenue through card sales, transaction fees, and premium features.
Saint-Mandé, FranceHeadquarters
2018Year Founded
$716.5MTotal Funding
SERIES_BCompany Stage
Crypto & Web3, Consumer Goods, GamingIndustries
51-200Employees
Benefits
Health Insurance
Wellness Program
Unlimited Paid Time Off
Phone/Internet Stipend
Stock Options
Risks
UK legal issues over unlicensed gambling could impact Sorare's operations.
Increased competition from RealFevr may affect Sorare's market share.
Layoffs indicate potential financial instability or strategic restructuring at Sorare.
Differentiation
Sorare combines digital collectibles with fantasy sports, creating a unique gaming experience.
The platform uses blockchain to ensure authenticity and scarcity of digital assets.
Sorare offers officially licensed digital player cards for football, baseball, and basketball.
Upsides
Growing interest in NFT-based fantasy sports boosts Sorare's market potential.
Launch of Rivals game attracts broader audience with dynamic gameplay.
List-or-play functionality in Sorare NBA enhances user engagement and flexibility.
Funding
Total raised$716.47 M
Latest valuation$4.30 B
StageSERIES_B
SERIES A
12/31/2020$49
$222.50 M