Global fantasy football NFT Sorare has announced a partnership with the SPFL for 11 of the 12 Premiership clubs.
The Scottish top-flight, minus Rangers, becomes the latest league to join the Sorare ‘community’.
What is Sorare?
Essentially, Sorare is a fantasy football game that combines card collecting with competing in tournaments. However, there are no physical cards or stickers if you think Panini. It is all done digitally through NFTs and the blockchain (more on them later).
Players buy, collect, trade and sell cards, while taking part in competitions to win money and prizes.
There are only a set number of each player available each season, either 1000 (limited), 100 (rare), 10 (super rare) or 1 (unique).
Hold on, explain NFTs and the blockchain?
In the simplest of terms, the blockchain is a record of transactions made through cryptocurrency. To purchase player cards on Sorare, users do it through Ethereum, a technology used for digital money and global payments. It’s regarded as the second largest of its kind behind Bitcoin.
As for NFTs, it stands for Non-fungible token. They are seen as unique and can’t be traded like-for-like. Each player card in Sorare has its own individual number. You essentially own the digital copy of the card – some may say digital asset – but there is nothing actually physical to hold.
Aren’t NFTs controversial?
Depends on your view. Organisations, football clubs and players have all been criticised for getting involved in NFTs. Not only are they bad for the environment, relying on cryptocurrencies which cause large amounts of carbon emissions, clubs, organisations and players are viewed as using their influence to encourage supporters to purchase NFTs inflating their position, i.e helping
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