The most recently available full revenue figures are those at its last SoftBank-led fundraise in September 2021, when it was generating more than €150m in annual revenue, earning it a $4.3bn valuation. Gross merchandise volume, which refers to the amount that users spend on the platform, grew by 50% from €270m in 2021 to €520m in 2022, Julia said. The company claims to have achieved solid revenue growth in the last 12 months despite the dramatic slump in the NFT market, but declined to provide exact figures. we’re finalising which players are going to work and so on, but it’s coming This second revenue stream is going to develop, and we plan to introduce it for football. If this deal were to come to an end, Sorare would cease generating new cards, which would likely push up their secondary market value. Users’ "cards" functioning as NFTs means that if the Premier League deal isn’t extended beyond the current four years, users will still own and can continue using their player cards, according to Julia. The US is its fastest-growing market, where users grew 6x between 20. The startup now has 3m registered users, up from 2m in early 2022, and claims it had 650k monthly active users as of December 2022. Team success is pegged to players’ real-life performance, and the prizes up for grabs bridge the physical and digital world, ranging from in-person visits to training grounds to cryptocurrency prize pots. Users - called "managers" - build their teams from these player cards and then play them in fantasy sports games. Sorare is a fantasy sports game that allows users to collect and trade NFTs representing real-life sports players.
An example of Sorare Premier League cards What does Sorare do?
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