Bayern Munich to Tokenize its Players on the Ethereum Blockchain
In a partnership with Sorare, the European champions, Bayern Munich, will now tokenize its players on the Ethereum blockchain. Sorare is a fantasy football video game running on the dominant smart contracting platform.
Through Sorare, there is a new dimension in gaming allowing fans across the globe to trade unique, NFT, limited edition player cards. Here, there is interaction and flexibility as teams with star players can be built and real, in-game rewards won depending on the performance of the athletes in real life. Their deal with Bayern Munich promotes the adoption of blockchain technology across various sectors of the economy, not just in finance.
Impact on the ETH Price:
Bullish. Sorare has over 45,000 users with trading volumes exceeding $1 million. The more fans are willing to trade unique digital assets on the Ethereum blockchain, the more there is the demand for ETH--used for paying fees.
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