Premier League signs NFT deal with SoftBank-backed Sorare

  • 📰 malaymail
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 86%

Malaysia Headlines News

Malaysia Latest News,Malaysia Headlines

LONDON, Jan 30 — The Premier League is partnering with French fantasy sports platform Sorare to sell non-fungible tokens (NFTs), a sign that the sporting world is continuing...

LONDON, Jan 30 — The Premier League is partnering with French fantasy sports platform Sorare to sell non-fungible tokens , a sign that the sporting world is continuing to embrace digital assets despite the rout in markets.

The cards in Sorare’s game are bought and traded in the form of NFTs, a kind of blockchain-based asset, using either cryptocurrency or traditional currency. “The way that supporters follow their favourite teams and players is evolving and the Premier League is always looking for ways to engage with fans,” said Richard Masters, chief executive of the Premier League.NFTs surged in 2021, but prices and sales volumes plunged last year as investors turned cautious and the crypto industry was rocked by a series of high-profile collapses.

“The lack of regulatory oversight for crypto and NFTs is obviously something which supporters should be aware of,” the FSA added.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in MY

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Soccer-Premier League signs NFT deal with SoftBank-backed SorareLONDON (Reuters) - The Premier League is partnering with French fantasy sports platform Sorare to sell non-fungible tokens (NFTs), a sign that the sporting world is continuing to embrace digital assets despite the rout in markets.
Source: staronline - 🏆 4. / 75 Read more »

Premier: Sarawak 2022 revenue doubled compared to the past four yearsKUCHING, Jan 29 — Sarawak continues to achieve healthy growth with its 2022 revenue increased by double compared to the past four years, said Premier Datuk Patinggi Tan Sri Abang...
Source: malaymail - 🏆 1. / 86 Read more »

Soccer-Newcastle sign forward Gordon from Everton(Reuters) - Newcastle United have completed the signing of forward Anthony Gordon from Premier League rivals Everton, both clubs said on Sunday.
Source: staronline - 🏆 4. / 75 Read more »

Muhyiddin’s advice to Anwar: There’s still time to undo your mistakesHe accuses the premier of betraying the ideals of the Reformasi movement. He’s learned from mistakes. Since when this guy has become smart and have the courage to advise PMX
Source: malaysiakini - 🏆 20. / 51 Read more »

Barca winger Dembele could miss Man United clashesReports in Spain suggest the French winger could miss between three to four weeks due to his injury theSun theSundaily football Barcelona ManchesterUnited dembele injury SportsNews
Source: theSundaily - 🏆 25. / 51 Read more »

Nagelsmann’s Bayern in ‘results crisis’ before PSG clashBERLIN, Jan 29 — Bayern Munich coach Julian Nagelsmann said yesterday his team were in a “results crisis” ahead of next month’s Champions League last 16 first leg with...
Source: malaymail - 🏆 1. / 86 Read more »