Main League Baseball to launch NFT sport with Sorare
Main League Baseball will launch a web based sport in partnership with SoftBank-backed NFT firm Sorare this summer season, Sorare mentioned in an announcement on Thursday.
The sport will enable baseball followers to purchase and promote NFTs representing baseball gamers utilizing the cryptoccurency ether, constructing fantasy groups which they’ll compete with to win prizes.
A non-fungible token (NFT) is a type of crypto asset which represents a digital file similar to a picture, video or piece of textual content.
Sports activities-related collectibles are proving to be a preferred kind of NFT because the digital property market exploded right into a multibillion-dollar trade final 12 months.
Prime sports activities leagues, together with the U.S. Nationwide Basketball Affiliation, have licensed NFT-based merchandise for followers.
Sorare, which raised $680 million final 12 months in a funding spherical led by SoftBank, additionally has a partnership with Main League Soccer in the USA.
The corporate is at the moment being investigated by the UK’s playing watchdog.
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