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


Marko Aliaksandr/Shutterstock modified by Blockworks


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.

Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the On the Margin newsletter.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.


Upcoming Events

Salt Lake City, UT

MON - TUES, OCT. 7 - 8, 2024

Blockworks and Bankless in collaboration with buidlbox are excited to announce the second installment of the Permissionless Hackathon – taking place October 7-8 in Salt Lake City, Utah. We’ve partnered with buidlbox to bring together the brightest minds in crypto for […]

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Unlocked by Template.png


With the spot ETH ETF approval, the institutions are coming. stETH - given its dominance in marketshare, existing liquid market structures, and highly desirable properties - is poised for institutions.


Launching cryptocurrencies the old fashioned way may soon make a return


Kraken and CertiK brought their beef to social media after Kraken said researchers exploited $3 million through a bug


NVIDIA’s historic run is only deepening the divide between mega-cap tech stocks and the rest of the market.


EIP-7702 was quickly adopted for the next Ethereum upgrade, but developers haven’t quite locked it down