Fancy pitting your wits against football managers worldwide? Sorare’s Global Fantasy Football uses Ethereum and Loom blockchains to bring the first ever NFT football token-based game.
What are NFTs and Crypto Collectibles?
NFTs (Non-Fungible Tokens) have the potential to bring the masses to Ethereum. We had CryptoKitties back in 2017, but that was just the beginning of ETH-based NFTs and now we’re seeing other collectibles such as digital football cards. Any unique asset can be created with NFTs, and this opens up the possibility of so much, from gaming skins to art collectibles. Think CryptoKitties, each one of them was unique. Each digital kitten is represented by a unique, non-replicable code, and at its height, the most expensive cryptokitty, called Dragon, was sold for an astonishing 600 ETH – roughly $170,000. Of course this was speculation on the rarity and popularity of such an asset, but it goes to show how people are willing to pay for digital assets or NFTs. But the beauty of blockchain technology, it can ensure that however many of an NFT are made that no more can be copied. As well as CryptoKitties and Sorare football cards, we have marketplaces for LAND and Decentraland – a virtual world where you can buy and invest in land. And just like the real world, it’s about location.