Premier League settles for UK£30m a year Sorare NFT deal, says report

MARKET_WATCH NFT

Sorare deal to focus on static image NFTs featuring Premier League stars Similar deal with Consensys was previously reported as being worth UK£400m 

 

English soccer’s top-flight Premier League is lining up a UK£30 million (US$34.4 million) a year non-fungible token (NFT) deal with Web 3.0 specialist Sorare after talks with sector rival ConsenSys collapsed, according to UK media reports. Earlier this year it appeared ConsenSys had won the race to secure the Premier League’s NFT digital collectibles contract, with a deal said to be worth as much as UK£400 million (US$459 million). However, this collapsed after the ‘crypto winter’ wiped away much of the previously significant resources available to companies in the blockchain space. Although SportsPro reported in September that a deal with ConsenSys was not completely dead, it appears the Premier League has now moved on and is reportedly close to confirming a partnership with France-based Sorare. According to Sky News, clubs in the English top flight discussed the proposal in a call on 28th November after Sorare came back with a more lucrative offer than the revised ConsenSys proposal. Sorare is backed Japanese technology investment firm SoftBank and was valued at more than US$4 billion in after a fundraising round last year. The Premier League is also said to be working on a separate deal with Dapper Labs for a different blockchain-related product. 

 

Source : news.google.com/__i/rss/rd/articles/CBMiSGh0dHBzOi8vd3d3LnNwb3J0c3Byb21lZGlhLmNvbS9uZXdzL3ByZW1pZXItbGVhZ3VlLXNvcmFyZS1uZnQtY29uc2Vuc3lzL9IBAA?oc=5 undefined - October 31, 2022

rayn.finance logo

Automata FRANCE SAS

240 rue Evariste Galois,

06410 Biot,

Sophia Antipolis

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata ICO Ltd

Italian Branch

Via Archimede, 161,

00197 Roma

Italy

The purchase of digital assets is subject to a high market risk and price volatility. Changes in value can be significant and occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and returns can fluctuate both up and down, and you may not recover the amount you invested. RISK WARNING

Automata ICO Limited has a branch in Italy with its registered office at Via Archimede, 161, Roma, Italy, and registered in Italy under number 96550860587 with the Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP).

Automata France SAS is a company registered in France with the company number 902 498 617. Automata FRANCE SAS is registered with the french Financial Market Authority, l’Autorité des marchés financiers (“AMF”), as a provider of Virtual Asset Service Provider under number E2023-087.

Automata Pay Europe Limited is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act. How we keep your money safe.