April 18, 2024

Sorare, a lesser-recognized ETH-based non-fungible token collection, has made impressive strides within the NFT world. The project topped the NFT collection chart by rankings as far as sales volume is concerned. Sorare exceeded cumulative sales by Mutant Ape Yacht and Bored Ape Yacht Club.

The Jump

The question could linger, what contributes to the sales hype in the ETH-based NFT collection? First and foremost, Sorare is a fictional football game allowing users to trade blockchain player cards. Moreover, the game boasts more than 250 licensed clubs, including Real Madrid and Liverpool.

The collection witnessed 4,044 buyers within the previous day. On the other hand, MAYC and BAYC noted 17 and eight buyers, respectively. That shows the growing investor interest in the Sorare non-fungible token collection.

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Furthermore, Sorare revealed a collaboration with MLB (Major League Baseball) to introduce a fantasy baseball non-fungible token game. More surprisingly, Sorare executive Nicolas July signed football star Kylian Mbappe.

The CEO’s Twitter post referred to Mbappe as their exclusive, top investor and long-term ambassador. Julia believes the PSG start would help promote Sorare to sports fans, translating to impressive growth. That would allow the NFT to unite global football fans with a player-centered gaming experience.

Meanwhile, the deal rapidly reflected the signing effect on price charts. The collection has posted lucrative figures in various metrics since the move. Sorare kept high sales during June even as the broad market endured bearish challenges. In June, the ETH-based collection registered 26,469 distinct buyers plus more than $20.2M in sales.

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The latest recovery within the NFT marketplace supported the collection’s remarkable performance. Nevertheless, the non-fungible market suffered setbacks as the overall market noted drawdowns. However, recent sessions have seen NFT sales booming in leading blockchains. These narratives will prove worth for projects such as Sorare.

Bears confirm their presence while writing these lines, with the overall market cap staying well below the crucial $1 Trillion. The global cryptocurrency market cap dropped 0.07% within the previous day to $865 billion. Moreover, the total market volume noted a 9.94% slump over the past day to $38.01 billion.

Editorial credit: rafapress / shutterstock.com

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