FC Bayern Munich To Get Tokenized On Ethereum’s Blockchain

FC Bayern Munich is the third Bundesliga club that partnered with Sorare that has about 100 clubs now in partnership. The ETH-based fantasy football platform announced a partnership with the FC Bayern Munich club. In our latest ethereum news, we earn more about it.

Now, gamers and collectors can buy, sell, and play with limited-edition football player cards. Sorare now has 45,000 global users with October’s trading volume at $1 million. Germany’s 2020 Champion League winners, Bayern Munich Football Club signed a partnership allowing Sorare to mint players from the club in-game. The club is the third Bundesliga club to partner with Sorare with 100 clubs in partnership now.

I want a Hayden Legendary but the lowest priced one is 28 ETH rn :/

Feels weird spend an Ethereum validator on a baseball card of myselfhttps://t.co/ShUqBQBqyA

— Hayden Adams 🦄 (@haydenzadams) October 24, 2020

Sorare is a fantasy football video game that is based on the ETH blockchain. The users can trade limited edition football player cards and build teams with players like Neymar and Christian Ronaldo, earning in-game prizes based on the athletes’ performance in real life. Football fans collect and trade physical cards and fantasy football based on the blockchain by allowing instant transfers of cards as unique digital assets. Sorare CEO Nicolas Julia, celebrated the FC Bayern Munich deal as a huge milestone, adding that three out of the top 5 European Champions are now signed with the company including Paris Saint-Germain and Juventus.

Creating unique digital collectibles is one of the most universally accessible use cases for blockchain. By signing a high-profile football club to the fantasy football platform, Sorare is encouraging blockchain and crypto assets in daily life. Because the assets are minted using blockchain, the built-in scarcity, and identifiable owners. Sorare now raised $4 million in seed funding to help the development of the platform. Blockchain gaming is now growing in popularity and last year it even accounted for the majority of the Dapp use in the decentralized space.

Other blockchain platforms like Open Sea and CryptoKitties grew bigger thanks to blockchain collectibles trading and trading cards. Crypto Kitties became extremely popular back in 2017 that it congested the ETH network as players bred and traded digital cats on the network. Open Sea, on the other hand, allowed its users to buy and sell trading cards which brought them tens of thousands of dollars.