Share this article
Fantasy-Sports Firm Sorare Looks to Increase Appeal by Diluting Crypto Association
While Sorare has over 5 million registered users, it is looking to fuel further growth by adding support for the U.S. dollar, euro and British pound.
Updated Jul 31, 2023, 11:57 a.m. Published Jul 31, 2023, 11:00 a.m.
- Sorare users no longer have to use ether to buy the the Web3 fantasy-sports platform's digital trading cards, eliminating "one of the main barriers to entry."
- However, the trading cards are still NFTs and are still transacted on the blockchain.
Web3 fantasy-sports company Sorare now supports fiat payments for its digital trading cards, removing the requirement for users to pay in ether and eliminating what the company called "one of the main barriers to entry."
Sorare is a blockchain-based game that allows users, called managers, to buy and trade non-fungible tokens (NFTs) representing elite sports players to build teams that they enter into competitions. The platform is licensed by some of the world's biggest sports leagues, including Major League Baseball (MLB), the National Basketball Association (NBA) and soccer's Premier League, La Liga and the Bundesliga.
STORY CONTINUES BELOW
While Sorare has over 5 million registered managers, it may now see the association with crypto as a hindrance to further growth and has introduced support for the U.S. dollar, the euro and the British pound. The move follows that of fellow NFT-related sports game NBA Top Shot, which accepts U.S. dollars.
As well as trying to spur user growth, the platforms may be trying to water down their association with cryptocurrency owing to lingering negative connotations due to events of the last year or so, such as the crypto market's collapse and crypto exchange FTX's dramatic implosion in November.
Removing the obligation to pay in ETH on the platform "eliminates one of the main barriers to entry and makes it easier than ever for existing and new Managers to experience its fantasy sports game and marketplace," Sorare said in an emailed announcement on Monday.
An uptick in the use of Sorare may nevertheless have a positive effect on the broader adoption of digital assets and decentralized technology because the trading cards are still NFTs and the transactions are still recorded on the blockchain.
Read More: Nike Is Bringing Its .SWOOSH NFTs to EA Sports Games
UPDATE (July 31, 11:56 UTC): Updates number of Sorare users in third paragraph.
UPDATE (July 31, 11:50 UTC): Changes number of registered Sorare users from 4 million to 5 million
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Coinbase, Chainlink Introduce Base-Solana Bridge to Link Ecosystems
The bridge, secured by Chainlink's Cross-Chain Interoperability Protocol, allows users to trade and interact with Solana-based tokens on Base-based dapps.
What to know:
- A new bridge connecting Base, the layer 2 incubated by Coinbase, and the Solana blockchain is now live on mainnet, enabling asset transfers between the two ecosystems.
- The bridge, secured by Chainlink's Cross-Chain Interoperability Protocol, allows users to trade and interact with Solana-based tokens on Base-based decentralized applications.
- The open-source bridge on GitHub enables developers to integrate cross-chain support, marking a step toward interconnected blockchains and "always-on" capital markets, with more chains expected to be linked in the future.
Top Stories
