 Premier League signs deal with NFT based soccer game

Premier League signs deal with NFT based soccer game- Check out in detail

Players of fantasy soccer game Sorare will be able to purchase and use official Premier League-licensed NFTs under an exclusive multi-year agreement.

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[{"selector":"#anim-b0ec1712-6a17-4bda-90f2-bc98b5fa48f1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] Values of NFTs have plummeted amid a downturn in crypto prices, exacerbated in recent months by the bankruptcy of major exchange FTX. Arrow

Sorare has seen a shift in usage with players more inclined to use its “free-to-play” mode where they don’t have to compete with paid-for cards, according to CEO Nicolas Julia.

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[{"selector":"#anim-49521d93-d68f-42de-b917-d9e404104ec0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-34.179687404002955%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Players of the game will be able to purchase and use official Premier League-licensed NFTs under the exclusive multi-year agreement. Arrow

[{"selector":"#anim-1980216f-4fea-4b5c-8d77-261efbb5ad2d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] Sorare said it’s also launching two new features in the game. These include the ability to compete with league-specific player cards and a “financial fair play” feature Arrow

Sorare was first rumored to be in talks with the Premier League

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Trading volumes are also down significantly. Overall NFT sales plunged 78% in December to $678.2 million from $3.1 billion a year ago.

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