Best P2E Games

Premier League and Sorare Partnership

Premier League and Sorare Partnership

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Premier League and Sorare: A Thriving NFT Fantasy Soccer Partnership Amid Crypto Market Volatility.

The Premier League has inked a multi-year agreement with Sorare, the $4.3 billion fantasy soccer game. The agreement grants the blockchain NFT game access to official player cards from the world’s leading soccer league. Under the exclusive multi-year deal, players of Sorare can purchase and use official NFTs licensed by the Premier League. This is official now and will open the Web3 niche to hundreds and thousands of new potential gamers.

Paris-based Sorare, a startup with 3 million global users, enables people to play fantasy five-a-side soccer games. The game lets players win where success is determined by real-time player performance on the field. Sorare announced the launch of two new features in the game. Namely, the option to play with league-specific player cards and a “financial fair play” feature to prevent users from assembling all-star teams.

Sorare NFT Blockchain Game in Talks with Premier League

Rumors of Sorare‘s talks with the Premier League for a licensing agreement emerged in Oct 2022. Sorare CEO Nicolas Julia said the deal took longer to finalize due to the Premier League’s existing NFT licensing contract with another company.

Sky News reported the deal was worth £30 million, but Sorare CEO Nicolas Julia declined to reveal the financial details or length of the agreement. This news comes despite a recent decline in NFT trading activity.

The Partnership between Premier League and Sorare Happens Amidst Crypto Winter

The value of NFTs (non-fungible tokens) has declined during the “crypto winter,” a downturn in cryptocurrency prices. This which has been exacerbated in recent months by the bankruptcy of major exchange FTX.

CryptoSlam data shows that the average selling price of an NFT in December 2022 was $143.22, a 63% drop from $383.73 in December 2021. Trading volumes have also significantly decreased, with overall NFT sales plummeting 78% in December to $678.2 million from $3.1 billion the previous year.

According to CEO Nicolas Julia, Sorare has experienced a distinct trend compared to the rest of the NFT market. Exchanges of cards on the platform totaled $500 million last year, nearly doubling from $270 million in 2021. However, the company has observed a change in player behavior, with more players opting for the “free-to-play” mode, instead of using paid cards. Julia stated that 87% of Sorare players do not spend money on the platform.

Sorare’s Run During Crypto Decline

This raises the question of Sorare’s business model sustainability, as most users don’t engage in transactions. Julia stated that the high spending power of a few users is sufficient to support the company’s revenue generation. Sorare takes a cut of all transactions through its platform, the amount of which is not disclosed.

As per CryptoSlam data, Sorare is the third-largest NFT collection globally. CryptoSlam reported that the company processes about $1 million in transactions per 24 hours.

Esports Embraces Cryptocurrency

The Premier League’s partnership with Sorare is part of a growing trend of sports leagues forming alliances with cryptocurrency platforms. Sorare has previously announced partnerships with Major League Baseball and the National Basketball Association.

Some partnerships, such as’s naming rights for the Staples Center in LA and FTX’s now-ended sponsorship of Miami-Dade Arena, fell through due to the decline in cryptocurrency prices.

According to Julia, Sorare is protected from the impact of the crypto crash on sports advertising as the company concentrates on licensing intellectual property rather than sponsorships.

Sorare, valued at $4.3 billion in Sept. 2021 by investors, is supported by major names. Some of the names are SoftBank from Japan, Accel, and Benchmark venture capital firms. Some sports legends like Lionel Messi, Serena Williams, and Kylian Mbappe are shareholders in Sorare.

Sorare Faces Regulatory Challenges

However, Sorare has faced criticism over allegations of promoting gambling.

The U.K. Gambling Commission is examining Sorare to determine if it needs a license or if its services aren’t gambling, per an Oct. 8, 2021 notice. Julia stated he doesn’t have an update yet on the U.K. inquiry’s progress.

So, Sorare agreed to changes on its platform in November after action by the French National Gambling Authority. The amends included enhancing its free-to-play aspect. The firm must implement these changes by March 31st.

More About Sorare

In Sorare, players collect and trade football cards that are tied to real players and teams. Sorare is a crypto-based fantasy football game that has surged in popularity because of its ability to be both realistically entertaining and profitable.

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Premier League and Sorare Partnership

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Claybox: Noxal – Game Review

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Best P2E Games list 2024

Premier League and Sorare Partnership

P2E News, short for “Play-to-Earn News,” is a category of updates and information within the broader spectrum of Crypto News, Web3 News, NFT News, and Blockchain News. These terms are all interconnected and represent various facets of the rapidly evolving digital landscape.

Play-to-Earn (P2E) is a gaming model that has gained immense popularity within the crypto and blockchain communities. In P2E games, players can earn cryptocurrencies or NFTs by participating in the game, often through activities like completing quests, collecting items, or trading assets. P2E News covers developments, announcements, and trends related to these innovative gaming experiences that allow players to monetize their in-game efforts.

Crypto News, on the other hand, focuses on the broader world of cryptocurrencies, including Bitcoin, Ethereum, and a multitude of altcoins. This category encompasses news about market trends, regulatory changes, new blockchain technologies, and updates related to various tokens. Crypto News is a fundamental aspect of the blockchain ecosystem, as cryptocurrencies serve as the primary means of value transfer and exchange within the Web3 space.

Web3 News is an umbrella term that refers to the next-generation internet, often characterized by decentralized applications, blockchain technology, and smart contracts. The Web3 ecosystem seeks to provide a more user-centric and decentralized internet experience. This category of news covers developments in decentralized finance (DeFi), non-fungible tokens (NFTs), and various other applications built on blockchain technology. For the ultimate and best play to earn games list, check our friends of

NFT News focuses on Non-Fungible Tokens, unique digital assets that are indivisible and represent ownership of a specific item, artwork, or collectible. NFTs have gained prominence in the art world, gaming industry, and entertainment sector. NFT News keeps enthusiasts informed about NFT sales, new projects, and partnerships within the NFT space.

Blockchain News pertains to the foundational technology behind cryptocurrencies and Web3 applications. Blockchains are decentralized ledgers that record transactions across a network of computers, ensuring transparency and security. Updates in this category might include innovations in blockchain consensus mechanisms, interoperability between different blockchain networks, and industry applications beyond cryptocurrencies.

In summary, P2E News is a niche subset of Crypto News, Web3 News, NFT News, and Blockchain News. It focuses on gaming experiences where players can earn cryptocurrencies or NFTs, while the other categories encompass a broader range of topics within the decentralized digital landscape, including cryptocurrencies, web3 technologies, NFTs, and blockchain advancements. Collectively, these categories shape the landscape of the digital economy, offering insights into how technology is revolutionizing various aspects of our lives.