Teams are ranked based on the performance of their players in the real world, as it is common in traditional fantasy sports.
This is also very similar to other fantasy football leagues where users keep the same players on their team every season, unless they choose to trade, drop, or sign new ones.
[citation needed] Sorare operates on the Ethereum blockchain network, and each player card is represented as a non-fungible token (NFT).
[1][non-primary source needed] In May 2019, the company announced a pre-seed round of €550,000, including the technology entrepreneur Xavier Niel.
[2] In July 2020, the company raised $4 million with German football World Cup champion André Schürrle, among others.