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Sorare token9/1/2023 ![]() ![]() Sorare is a blockchain fantasy football game operating on the Ethereum blockchain. Start your crypto journey today, with Ivan on Tech Academy! What is Sorare? Plus, we outline the fundamental differences between the two most prominent blockchains. Here, you can learn about the history of smart contracts and programmable money. Following this, be sure to check out our Ethereum 101 course. Then, why not check out our Blockchain & Bitcoin 101 course? This course provides students with a firm grasp of blockchain technology. Plus, we show students how to store crypto assets using a cold storage hardware wallet. If you’re new to the world of crypto, check out our Crypto for Beginners course! Here, we teach students how to safely buy, sell, and trade cryptocurrency. Plus, we’ll discuss some of the core features that make the Sorare crypto game stand out from other fantasy football games. We’ll explore the world of crypto collectibles, Soare NFT digital trading cards, and the game’s different gameplay options. In this article, we’re going to dive deep into the Sorare blockchain fantasy football game. Moreover, using the novel SOR token, fans can buy and trade their favorite players on the Sorare NFT platform. The Sorare NFT platform offers sports fans a new way of speculating on the performance of their favorite footballers. This coincides with a surge in blockchain-based sports games and fan engagement platforms. Following a recent valuation of $4.3 billion, the global fantasy football platform is seeing enormous popularity. We believe this is the responsible way to grow our game and community globally.Sorare is a blockchain fantasy football game on Ethereum that uses non-fungible tokens (NFTs) to tokenize players as crypto collectibles in the form of digital trading cards. We will always engage and have an open dialogue with authorities who reach out to us to learn more about our game. This has been confirmed by expert legal opinions at every stage since the company was founded, including during a number of fundraising rounds. “We are very confident Sorare does not offer any forms of regulated gambling. However, the company doesn’t seem to think that it will require a license from the U.K. In a statement, Sorare said that its goal is to connect players with the clubs that they love - adding that it is “normal and expected” to receive questions from regulated. A thorny issue may lay in how crypto rewards can be available. ![]() ![]() One of the biggest issues lies in how Sorare users can create line-ups based on the trading cards they own - and potentially earn points based on the performance of their squad. “The Gambling Commission is currently carrying out enquiries into the company to establish whether requires an operating licence or whether the services it provides do not constitute gambling.” Is Sorare in Trouble? Gambling Commission, Sorare has failed to secure a license for its activities - meaning that it currently isn’t subject to the country’s regulations.Ĭonsumers are now being urged to bear this in mind before they get involved with the website, adding: Each have varying levels of rarity.īut according to the U.K. Sorare offers digital trading cards featuring some of the world’s best-known football stars, which can be collected and exchanged by fans on a marketplace. More than 200 top-flight clubs are officially licensed with the site - including Liverpool, one of the biggest teams in the Premier League. The crypto-focused global fantasy football platform Sorare has potentially run into trouble with Britain’s gambling regulator. ![]()
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