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.


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 Forward Guidance newsletter.

Get alpha directly in your inbox with the 0xResearch newsletter — market highlights, charts, degen trade ideas, governance updates, and more.

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

Tags

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 18 - 20, 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.

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.

recent research

Research Report Templates.png

Research

An overview of the Base Ecosystem, with a focus on market leaders.

article-image

Although bitcoin hitting $120k by year’s end is looking unlikely

article-image

About 270 million HYPE has been claimed, valued around $7.6 billion

article-image

Stanford professors David Mazières and Dan Boneh will lead the lab alongside a cohort of graduate student researchers

article-image

With more companies holding BTC, bitcoin yielding strategies could become “a new corporate finance norm,” CoinShares posed

article-image

The proposal comes after Polygon governance considered a controversial use of bridged liquidity for yield

article-image

Can the community balance its decentralized ethos with the need for inclusivity and constructive debate?