Major League Baseball will launch NFT games with NFT company Sorare


Major League Baseball to Launch NFT Game with Sorare

Major League Baseball will launch an online game this summer in partnership with SoftBank-backed NFT company Sorare, Sorare said in a statement Thursday.

The game will allow baseball fans to buy and sell NFTs representing baseball players using the cryptocurrency ether, creating fantasy teams with which they can compete to win prizes.

A non-fungible token (NFT) is a form of crypto asset that represents a digital file such as an image, video or piece of text.

Game-related collectibles are proving to be a popular form of NFTs as the digital asset market exploded into a multi-billion dollar industry last year.

Top sports leagues, including the US National Basketball Association, have licensed NFT-based products for fans.

Sorare, which last year raised $680 million in a funding round led by SoftBank, also has partnerships with Major League Soccer in the United States.

The company is currently being investigated by the UK gambling watchdog.

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