![]() “NFTs are the future of global sports fandom because they allow fans to come together and to feel ownership of the sports they love,” said Sorare’s CEO and co-founder Nicolas Julia. Hence Sorare’s platform has opportunities to expand its reach around the world, which will expose LaLiga to a wider audience. While the majority of users are concentrated in Europe, NFTs in sports are becoming globally recognized. Sorare has teams in its network from all over the world. However, Sorare already has league deals elsewhere, such as Belgium and Korea. While some individual clubs in LaLiga are no strangers to NFTs, this is the first Spanish league-wide official involvement with the technology. The addition of all teams in the top two leagues will not only attract fans from teams that were not previously signed with Sorare, but will also make the fantasy sports aspect of the initiative more engaging for LaLiga fans. The cards’ performance depends on how the footballers play on the field, and top results in the competitive weekly tournaments win cryptocurrency.Īs a fantasy sports product, the quality of Sorare’s offer depends on its ability to license intellectual property from as many teams as possible.īefore the partnership with LaLiga, Sorare already had Real Madrid, Barcelona, Atlético Madrid and other top Spanish clubs in its network. Users collect and trade cards, using them in a weekly lineup of five players. Sorare’s platform is different because its NFT offering targets the fantasy sports market as opposed to purely card collecting. But even then, the product revolves around collecting and trading digital assets. Some initiatives have reward structures and features that enhance the utility of the collectible beyond the value of ownership. Most other digital collectibles in football are trying to compete with physical trading cards. The partnership with LaLiga, one of the top five leagues globally, brings Sorare one step closer to achieving its goal of having all clubs from the top 20 global leagues in its roster by the end of 2022. The best way is to check the official portals of the company and use the fact-checkers before arriving at a conclusion.Non-fungible token ( NFT) sports platform Sorare has partnered with the Spanish Football league LaLiga to launch digital cards of all players in the top two divisions. The users need to be beware of such fake press releases, which can lead to a temporary surge in trade based on the market emotions. So Cash Friday Pr Newswire Krogercrawleycoindesk means Bitcoin Cash Briefly Spikes on Fraudulent Press Release. As of today, Bitcoin Cash is known to be the 21 st largest cryptocurrency, and it was incepted in 2017 from a hard fork on Bitcoin Network. This press release also turned out to be a fake announcement. Walmart was targeted in a similar fraud in September, where it was mentioned that the retail chain would start accepting litecoin for purchases. ![]() The spokesperson added that any such communication should be disregarded, and none of the details in the communication holds any validity. The press release was removed from the online platform and Kroger’s website. Later in the day, Jamie Crawley from CoinDesk reached out to a spokesperson from Bitcoin Cash, and it was confirmed that the press release was fake. ![]() ![]() The notification claimed that Kroger would accept BCH for offline and online shopping from December 1 onwards. This fake news was issued on PR Newswire, and it also appeared on the website of Kroger. Soon after, all the gains in the BCH were wiped off as it was nearing the price before the fraudulent press release came out. Right after the fake press release, there was a rise of 4.6% in the value of the cryptocurrency. What is Cash Friday Pr Newswire Krogercrawleycoindesk ? The press release mentioned that the US supermarket chain Kroger would start accepting cryptocurrency as payments during the holiday season. Soon after the press release on Friday, the value of the Bitcoin cash rose sharply. This fraud has caused losses worth billions, and in a recent incident, Bitcoin Cash became the latest target of a such fraudulent press release. Bitcoin Cash Became Victim of Fake Press ReleaseĬompanies being targeted through a fake press release is not new.
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