Sorare got my attention from the first time I heard about it, which was beginning of 2020. Being a big football fan and having some knowledge in crypto, one can only dream to stumble across such a platform which basically combines the world of Fantasy Football with the cryptocurrency. The fact that they are backed by gaming giant Ubisoft and supported by a team of world-class investors raised my confidence in this start-up. Later on, this start-up is raising $4M in a seed round during the biggest pandemic crisis of our times. 

https://medium.com/sorare/our-next-chapter-sorare-raises-a-4m-seed-round-led-by-e-ventures-b8e615bce191

After several weeks of close monitoring the progression of the platform and the social media activity, I decided it’s time to jump aboard the train and start chucking some money into Sorare. And I wasn’t wrong at all, the potential is huge and it’s already gaining more & more traction and attention from football and crypto fans all over the world. They have a professional team which seems to deliver on almost all occasions, which is always a plus in the eyes of the customer. Of course there will be the occasional bumps on the road as it happens with most of the start-ups, but I always base my decisions looking at the bigger picture. And with Sorare I must say things are looking pretty good short-term and long-term.

Check below the graphs from Soraredata.com to have a better picture of Sorare’s amazing growth during this times of uncertainity 

1st picture shows the stats from 06/07/2020 when only 186 users owned more than 1 card and there were only 15 users with 50 cards or more on Sorare.

On 04/11/20, after just 4 months, we can see the exponential growth in the number of users that own cards with 2214 users now owning 1 card or more. The number of people holding 50 cards or more increased 26 times and there are now 390 holders with 50 or more. 

These are some amazing figures and by the looks of it, it’s not going to stop any time soon.

  With the increase in the number of users and card owners, we also saw a big increase in the number of participants in the weekly tournaments. The best way to get a bigger picture is by checking All Star Division 4 as it was the most popular during these months. The number of entrants is growing constantly as you can see in the graphics below 

There is a big difference between the two pictures, in the first one it shows a number of 237 lineups registered for AS Div4 in Game Week 53 which was sometimes in April 2020. 

In the second picture we can see the current data from Game Week 113 which is running between 3 – 6 November 2020. 1369 lineups submitted in AS Div4 for this gameweek, that’s more than 5 times the amount of teams since April.

At the same time there was an increase in the number of weekly tournaments available, from 11 to 21 different tournaments across the board in a full gameweek. 

 

These number are incredible and with just over 3000 members we can say Sorare it’s still very early stages. The roadmap for Q4 2020 was released today 

https://trello.com/b/Q3spPuDo/sorares-public-product-roadmap-q4-2020

and the Sorare app should be ready next year. Very confident that this platform will get bigger and bigger in the years to come.