– Sorare, the maker of an NFT fantasy soccer game, will launch a Major League Baseball fantasy game this summer.
– The firm has partnered with both MLB and the MLB Players Association.
– Sorare built its Ethereum NFT-based fantasy soccer platform into one of the most popular blockchain-based games on the marketand a startup valuation of $4.3 billion.
– Now the firm plans to bring that formula to an entirely new sport this summer: baseball.
– Today, Sorare announced that it has signed both Major League Baseball and the MLB Players Association to launch a new baseball fantasy sports game based on the U.S. league.
– The MLB game will similarly offer up digital trading cards of professional players represented as Ethereum-based NFT collectibles, which can be bought and sold.
– Users can slot their owned NFT player cards into fantasy lineups and earn points based on the pros respective real-world performances in MLB games.
– Major League Baseball has an existing NFT deal with startup Candy Digital, which is majority owned by sports merchandise giant Fanatics.
– Trading card stalwart Topps has also released digital MLB trading cards, although the firm was acquired by Fanatics earlier this year and now is under the same umbrella as Candy.
– Sorares MLB card artwork is still being finalized, but Spoon said that it aims to maintain the approach of the current soccer NFTswith visible stats and edition numberswhile capturing the spirit of baseball.
– Every MLB player will likewise have the same total number of NFT cards available across varying rarity levels, although that number has yet to be determined.
– The current soccer game is a free-to-play experience that provides users with a starter pack of player cards that are not tradeable NFTs, although the NFT cards tend to be more beneficial for users trying to win fantasy leagues and win rewards.
– The MLB experience is likewise billed as a free-to-play game that wont require the purchase of NFTs to play.
– Unlike Sorares soccer game, which spans partnerships with nearly 250 teams across an array of international leagues, the baseball game will exclusively focus on Major League Baseball and its 30 clubs.
– According to Sorare, it now has 1.8 million monthly players for its soccer game, and logged $325 million in NFT trading volume in 2021. The firm claims that it is on track to double that sum this year.
– Launching a Major League Baseball game gives Sorare an opportunity to target what is primarily a U.S. audience, albeit in a sport with global talent and fans outside of North America.