US Soccer Players Can Be Collected, Traded in Tokenized Fantasy Game

MLS fans will now be able to collect and trade digital cards representing league players and use them to play fantasy soccer games run by the firm Sorare.

Jun 30, 2020 at 12:35 p.m. UTC
Updated Sep 14, 2021 at 8:57 a.m. UTC

Major League Soccer (MLS) fans will now be able to collect and trade digital cards representing league players and use them to play fantasy soccer games run by the firm Sorare. 

The MLS Players Association and OneTeam Partners, the athletes’ licensing rights firm, announced Tuesday they had signed a licensing agreement with the blockchain-enabled collectibles platform. The U.S. deal comes fresh on the heels of an auction for Italian soccer club Juventus that fetched 59 ether (ETH), or $13,470, for the team's star player, Cristiano Ronaldo.

According to the release, the agreement will bring over 700 MLS players onto Sorare’s platform, which currently includes players from the South Korean K League and teams including Juventus, Napoli and Lyon. 

MLS season kickoff

The announcement comes a little over a week before MLS players hit the field again for a special tournament at Disney World in Florida. The MLS season was suspended in March due to the COVID-19 pandemic and the special tournament, dubbed “MLS Is Back,” kicks off July 8

Sorare generates unique digital trading cards on the Ethereum blockchain which represent players and can be traded by users. The user plays as the manager of the team and upon joining is given a random set of five cards, which they can use to build a team and participate in weekly league competitions. 

Users also have the option to buy tokens for other players to improve their team and – depending on how the soccer players perform in real life – they may receive rewards in more trading cards or ETH.

“We are excited to be a part of giving fans the opportunity to engage with their favorite players in a new digital landscape,” said Dan Jones, COO of the MLS Players Association, in the emailed statement. 

Sorare user data

According to Sorare CEO Nicolas Julia, the firm’s platform currently has about 3,500 monthly active users and recorded over $350,000 in sales for June.

“Sorare has been growing consistently despite the lack of football during the crisis,” Julia said.

Overall, blockchain-enabled gaming also seems to have gained in popularity as screen times went up around the world during the coronavirus pandemic. 

Data collected by blockchain gaming database NonFungible shows Sorare’s platform has recently climbed to the top spot in weekly transaction volume. In terms of all-time volume, CryptoKitties and Decentraland are the top-ranked games.

“To keep building on this popularity, we'll be onboarding more clubs and we will start communicating with influencers and football players,” Julia said.


Read more about
The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
Korean Police Move to Freeze Luna Foundation Guard Assets: Report

Seoul police are seeking to ban the entity from withdrawing suspectedly embezzled funds.

Seoul police are seeking to ban the entity from withdrawing suspectedly embezzled funds.

CoinDesk - Unknown
2
CoinDesk - Unknown
Amid Market Downturn, ‘Goblintown’ NFTs Have Their Moment

The goblin-themed PFP collection did over $7 million in sales volume this weekend, fueled by rumors a larger team could be behind the scenes.

The goblin-themed PFP collection did over $7 million in sales volume this weekend, fueled by rumors a larger team could be behind the scenes.

CoinDesk - Unknown
3
CoinDesk - Unknown
Crypto Funds Shrink to Lowest Since 2021 Summer Bear Market

Investors pulled out some $143 million from digital asset funds as confidence in crypto is flailing.

Investors pulled out some $143 million from digital asset funds as confidence in crypto is flailing.

CoinDesk - Unknown
4
CoinDesk - Unknown
How the Metaverse Could Be a Game-Changer for NFT Gaming

Rather than letting players port weapons or powers between games, non-fungible tokens will more likely serve as building blocks for new games and virtual worlds. This piece is part of CoinDesk's Metaverse Week.

Rather than letting players port weapons or powers between games, non-fungible tokens will more likely serve as building blocks for new games and virtual worlds. This piece is part of CoinDesk's Metaverse Week.

CoinDesk - Unknown