Real Betis Inks Deal With Blockchain Digital Trading Card Platform Sorare
Real Betis Balompié, an Andalusia football club has signed a licensing deal with Sorare, a blockchain-based digital trading card platform. The agreement will bring blockchain fantasy football gaming to Real Betis fans.
Sorare to Issue Real Betis Blockchain Cards
The news of the deal was announced via Sorare’s official Twitter handle on Thursday (April 23, 2020). With the agreement, the digital card trading platform can issue digital collectible cards of Real Betis players. Sorare uses blockchain technology to supply non-fungible tokens (NFT) enabled by Ethereum’s ERC-721 standard.
Sorare will issue three different cards, which include one unique card, 10 Super Rare cards, and 100 rare cards per player and for each season. According to Sorare, Real Betis fans can partake in the presale of the Spanish club’s DLT cards beginning on April 23, 2020.
Also, fans of the Andalusian football club can receive their digital player cards which they can use to trade on the Sorare platform. The blockchain cards issued by the DLT trading card platform are rare, authentic, and digital.
Furthermore, during fantasy football games, managers set up teams of five players to participate in the weekly rewards. In addition, scores are determined by their chosen players’ performances on the field along with bonus points attached to the power of their digital cards. Managers stand a chance to earn as high as 2.64 ETH weekly.
Real Betis joins the list of about 40 clubs that have signed a deal with the DLT digital card trading platform, Major football such as AS Roma, Juventus, S.S. Lazio, Atletico Madrid, and FC Porto are among Sorare’s clientele.
Blockchain Becoming More Popular in the Sports Industry
Blockchain technology has continued to enjoy widespread adoption in the sports industry. American basketball club, Sacramento Kings, which had earlier launched a blockchain-based auction platform, also auctioned the jersey belonging to one of its players, Buddy Hield on the Ethereum blockchain, to help Hurricane Dorian victims in the Bahamas.
Also, Juventus, a major Italian football club collaborated with the blockchain sports platform, Chilliz, to launch the world’s first fan token offering (FTO).