The fantasy football game Sorare sets a new sales record for Cristiano Ronaldo’s single card. The Portuguese star’s non-fungible token (NFT) traded for 150 ETH or around $290,000.
Selling record for Cristiano Ronaldo
This Sunday, March 14, Cristiano Ronaldo’s single card for the 2020 – 2021 season sold for 150 ETH, or about $289,900. This is a new sales record for the Sorare game. The card was sold on the secondary market by the user “FC Camembert.”
Sorare collectible cards are based on blockchain technology, ensuring fully transparent operation. But above all, the Ethereum (ETH) blockchain makes the collection of digital objects possible by creating a system of scarcity through non-fungible tokens (NFT).
Sorare issues 111 cards per player each season, according to three levels of rarity: rare (100 cards), super rare (10 cards), and unique (1 card).
Until now, Kylian Mbappé was the player who had recorded the two previous sales records. Indeed, the French international’s single card had sold for 116 ETH (around $65,600) at the end of November 2020 before his super rare card was bought for 50 ETH (around $72,000) on February 26, 2021.
Previous sales records on Sorare – Source: Nonfungible.com
Max Mersch, buyer of Kylian Mbappé’s single card, explained: “I believe that Mbappé’s unique card on Sorare has a good chance of becoming the most important collector’s item in the sports world for the next decade.”
At the top of the NFT market
Sorare has grown exponentially over the past year, increasing the volume of cards exchanged on the platform 70-fold, from 50,000 euros in January 2020 to more than 3.5 million euros in January 2021.
This makes Sorare the third NFT-related project in terms of volumes behind CryptoPunk and NBA Top Shot. Sales have reached a new record in the last 30 days. According to the analysis site Nonfungible.com, users have carried out more than 62,000 transactions for a value of 17.9 million euros.
Based in Paris, Sorare recently raised $50 million from investment funds and several famous footballers such as Gérard Piqué, Antoine Griezmann, and André Schürrle.
Checkout similar news articles
Binance Under Investigation from CFTC over U.S Trading Activities
Popular Ethereum NFT Projects Replicated on Binance Smart Chain
Ripple CEO Files Motion to Dismiss Response on SEC Amended Charges