Quick take:
Sorare has registered a transaction volume of more than $7 million (~4.430 ETH) over the last seven days, putting the NFT fantasy sports gaming platform second in the ranking. The world’s most popular NFT collection, Bored Ape Yacht Club topped the ranking with just under $11 million in transaction volume according to CryptoSlam data.
Since Sorare announced its AC Milan partnership, they are now positioned at #2 in terms of sales volume over the past 7 days, with over $7M in sales (∼4,430 ETH).
Data from @cryptoslamio. pic.twitter.com/0kxhdz0jHa
The surge in the sales volume comes hot on the heels of the company’s announcement of its multi-year partnership with Serie A 2022 champions AC Milan.
The Italian footballing giants announced the partnership last week as part of their Web3 strategy. On the other hand, Sorare is expanding its presence in the NFT fantasy sports scene.
The Web3 platform recently announced a similar partnership with the Argentinian Football Association (AFA), while French and PSG superstar Kylian Mbappé joined the platform as an investor in June.
In May Sorare also teamed up with the Major League Baseball (MLB) Players Inc to launch an NFT-based free-to-play game.
Sorare’s NFT platform allows avid soccer fans to build their own teams by assembling a squad of their favourite soccer players from multiple leagues. The fans can then participate in fantasy football matches against other players for real money.
The platform features players from Europe’s top leagues, English Premier League, Bundesliga, LaLiga, and Ligue 1, as well as the MLS, among others.
Players collect trading cards that can be minted as NFTs, which are then traded for real money.
The company’s partnership with AC Milan extends its growing ecosystem to one of football’s most popular teams. This creates an opportunity for Sorare to onboard millions into its NFT fantasy gaming universe, which explains why the NFT transaction volume on the platform rocketed in the past seven days.
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