Sorare is no longer an Ethereum-only platform — users can now pay with fiat

Fantasy sports company Sorare has a multibillion-dollar valuation after two separate fundraises in 2021

article-image

Marko Aliaksandr/Shutterstock modified by Blockworks

share

Sorare, a platform that infuses crypto and fantasy sports, is now offering an option for players to make purchases in the app with fiat currencies. 

This new functionality follows a partnership with Mangopay, a payments infrastructure provider. With Cash Wallet, Sorare’s 3 million users will be able to pay not just in Ethereum but in the US dollar, the euro and the British pound, GamesBeat reported on Monday.

The French startup’s lineup of games has caught on the most in Europe — mainly for its NFT-based fantasy soccer game. But last year, Sorare partnered with Major League Baseball (MLB) and the National Basketball Association (NBA) in a bid to expand into the US. 

Sorare CEO Nicolas Julia stressed that the platform remains a blockchain-based product, but touted fiat integration as enhancing accessibility.

“Sorare is built using blockchain technology because we believe it can deliver unique benefits to sports fans and fantasy gamers in the form of proven authenticity, scarcity, and portability,” Julia said. “The launch of Cash Wallet is key to our goal of making Sorare as simple and user-friendly as possible for all sports fans.”

Sorare was founded in 2018. It started out as a trading and fantasy sports game, where users would buy digital cards of soccer players in the form of NFTs. 

That vision attracted plenty of venture capital in 2021. Sorare raised $50 million in its Series A in February. Seven months later, it got a considerably larger investment — $680 million — with Softbank at the helm. With that latest round, Sorare achieved a $4.3 billion valuation.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Brooklyn, NY

SUN - MON, JUN. 22 - 23, 2025

Blockworks and Cracked Labs are teaming up for the third installment of the Permissionless Hackathon, happening June 22–23, 2025 in Brooklyn, NY. This is a 36-hour IRL builder sprint where developers, designers, and creatives ship real projects solving real problems across […]

recent research

Research Report Templates (1).jpg

Research

Jupiter has emerged as the undisputed liquidity backbone of Solana, commanding over 90% of spot DEX aggregation and 80% of perp trading volume. But behind the numbers lies a far more ambitious play: a cross-chain, vertically integrated super-app spanning swaps, synthetics, NFTs, memecoins, and launchpads. This report explores Jupiter’s rapid rise, the monetization upgrades reshaping its revenue profile, and the risks that could unwind its dominance, from token dilution to competition. With annualized revenues nearing $300M, the upside is undeniable, if it can navigate the turbulence.

article-image

Immutable has been building a game with Ubisoft that was slated to unveil in April. It may be a TCG.

article-image

Curve founder Michael Egorov is working on a new protocol designed to eliminate impermanent loss, rethink token emissions, and capture BTC-native yield

article-image

Mining outfits have gone bust in the wake of prior halvings. Not so this time around.

article-image

Zora’s announcement that its token is for “fun only” sparked a debate about the need for such tokens

article-image

In recent weeks, Helium has hit new all-time highs while passing major protocol milestones

article-image

Financial advisers in a January survey said equity ETFs were their top choice for gaining crypto exposure in 2025