La Liga Becomes First Top Soccer League to Offer NFTs of All Players
Fans will be able to trade and play fantasy tournaments with NFTs representing players from the top 20 clubs in Spain.
Sep 9, 2021 at 10:23 a.m. UTCUpdated May 11, 2023 at 4:14 p.m. UTC
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/GRJRULIJZZEJPL4ZCYGYTWX4OU.jpg)
Barcelona FC’s home stadium. (Fikri Rasyid/Unsplash)
/arc-photo-coindesk/arc2-prod/public/LXF2COBSKBCNHNRE3WTK2BZ7GE.png)
Spain’s La Liga has become the first of Europe’s top soccer leagues to offer non-fungible tokens (NFTs) of all its players.
- A partnership with French digital soccer collectibles platform Sorare will allow fans to trade and play fantasy tournaments with NFTs representing players from the 20 biggest clubs in Spain, including Barcelona, Real Madrid and Atlético Madrid.
- The collaboration is the first such deal Sorare has struck with one of the top European soccer leagues, according to an announcement Thursday.
- Sorare plans to strike similar deals with the top 20 leagues worldwide by the end of 2022.
- A number of the world’s elite individual teams already have NFTs on the platform, including Bayern Munich, Juventus and Liverpool.
- The platform’s game allows users to build a team made up of five players represented by NFTs, which they enter in various fantasy football tournaments to earn prizes based on the players’ real-life performances.
- Sorare was reportedly set to receive $532 million in funding in June, which would value the platform at over $3.8 billion.
13:18
Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
00:57
Why Core Scientific is Focused on 2028
02:14
Bitcoin, Ether Rise Amid ETF Steam in Hong Kong; Solana's Latest Update
01:06
Bitcoin Whales Yet to Resume Accumulation: IntoTheBlock
:format(webp)/s3.amazonaws.com/arc-authors/coindesk/008ae87f-5c6e-412b-816b-ded600ac5054.png)
Jamie Crawley is a CoinDesk news reporter based in London.