Inventures Collective invests in Sorare digital collectibles

People spend hundreds of billions on collectibles every year - stamps, Panini cards, Playmobil, Lego, etc. - it's an industry that is 100% analogue today. For collectibles to have value they need to be scarce, so the copy-paste characteristic of digital goods has rendered them largely worthless to collectors. In fact, for the first 25 years of the internet, we've had no digital scarcity. We don't own our digital goods because they're not portable or tradable.

Sorare has created a fantasy-sport ecosystem that uses non-fungible tokens (NFTs) to digitise collectibles. This creates a world of new possibilities: digital scarcity, global tradability, and portability into other games and applications.

Over 200M people, from across the globe, play fantasy sports each year. It's a USD$20B industry. NFT sales have grown from $50M in 2017 to $1B in 2019. As a first step, Sorare will capture the niche markets of early-adopting blockchain gamers and NFT collectors.

Sorare's founders have deep experience developing and scaling enterprise-level blockchain applications, from leadership roles at French blockchain startup, Stratumn. They intend to leverage this experience to build a world-class platform that will attract leading sports clubs and licensing agreements for high-value collectibles.

The network effects at play create a winner-takes-most dynamic in the market. The more consumers that use Sorare-based digital collectibles, the more likely they'll be utilised by game developers and content producers, making it more attractive for consumers to own Sorare's cross-platform digital assets. Sorare has the potential to become the leading provider of digital sports assets used by the majority of games and content producers in the world.

We’re excited to support Nicolas Julia and the entire Sorare team as they build a new paradigm at the intersection of NFT's and sport.