Nexo

We’re Giving out 10 BTC in Rewards until the Bitcoin Halving

Learn More
Home » Technology » FC Bayern Munich Gets Tokenized on Ethereum Blockchain

FC Bayern Munich Gets Tokenized on Ethereum Blockchain

by

FC Bayern Munich is the third Bundesliga club to partner with Sorare, with 100 clubs now in partnership. 

FC Bayern Munich Gets Tokenized on Ethereum Blockchain
Shutterstock cover by MDI

Key Takeaways

  • Ethereum-based fantasy football platform Sorare has announced a partnership with FC Bayern Munich.
  • Collectors and gamers can buy, sell, and play with limited edition football player cards.
  • Sorare currently has 45,000 global users with October’s trading volume at $1 million.

Share this article

Germany’s Bundesliga and 2020 Champion League winners, Bayern Munich Football Club, have signed a partnership allowing Sorare to mint players from the club in-game.

FC Bayern Munich is the third Bundesliga club to partner with Sorare, with 100 clubs now in partnership. 

Sorare is a fantasy football video game based on the Ethereum blockchain. Users can trade limited edition football player cards and build teams with players like Cristiano Ronaldo and Neymar, earning in-game prizes based on the athletes’ performance in real life. 

Football fans often collect and trade physical cards, and fantasy football based on blockchain technology allows instant transfer of cards as unique digital assets. Sorare CEO Nicolas Julia celebrated the FC Bayern Munich deal as a “major milestone,” adding that three out of the top 5 European Champions are now signed with Sorare, including Juventus and Paris Saint-Germain. 

Sorare May Help Drive Blockchain Adoption

Creating unique digital collectibles is arguably one of the most universally accessible use cases for blockchain technology.

By signing high-profile football clubs to its fantasy football platform, Sorare is encouraging blockchain and digital assets in daily life. Because the assets are minted using blockchain technology, they have built-in scarcity and clearly identifiable owners. 

Sorare recently raised $4 million in seed funding to help further the development of the platform. Blockchain gaming is growing in popularity, and last year accounted for the majority of dApp use in the decentralized ecosystem.

Other blockchain platforms like Crypto Kitties and Open Sea have grown major user bases trading blockchain collectible assets and trading cards.

Crypto Kitties grew so popular in 2017 that it congested the Ethereum network as players bred and traded digital cats on the network. Moreover, Open Sea users have bought and sold trading cards for tens of thousands of dollars.

—

Disclosure: When you purchase digital collectibles on Sorare using some of the above links, you support independent journalism on Crypto Briefing. This does not impact our reporting. We continue to pursue a fair and balanced editorial. For more information about our partnership with Sorare, please do not hesitate to reach out to us on Twitter or Telegram.

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.