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Sorare to Launch MLB Ethereum NFT Fantasy Game

Starting this summer, the famous NFT fantasy soccer website will grow into a completely new sport.

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#nft #nfthours #mlb #sorare #baseball #fantasy

Sorare’s Ethereum NFT-based fantasy soccer platform has become one of the most popular blockchain-based games, with a $4.3 billion valuation. This summer, the company hopes to apply that technique to a whole new sport: baseball.

Sorare said it had signed agreements with Major League Baseball and the MLB Players Association to develop a new baseball fantasy sports game based on the American league. It’s Sorare’s first additional sport, following the introduction of its original soccer game in 2019.

The MLB game will also sell and buy digital trading cards of professional players, represented as Ethereum-based NFT artifacts. Users can enter their NFT player cards into fantasy lineups and get points based on how well the pros perform in real-world MLB games.

“Many people, including myself, have never played fantasy sports before,” Sorare COO Ryan Spoon said. “It’s a very rhythmic, math-driven, and stats-driven sport, with many roles and players, scouting and prospects, and stars against call-ups. It’ll be a lot of fun.”

Spoon also mentioned baseball’s lengthy history of trading cards and collectibles, which Sorare hopes to perpetuate in the digital realm.

Along with Sorare, sports collectibles have been a significant component of the NFT market boom. NBA Top Shot and Tom Brady’s Autograph platform are two of the most well-known examples. An NFT is a blockchain-backed digital item receipt that may be used to represent artwork, collectibles, profile images, and unique video game items.

Major League Baseball has an existing NFT partnership with Candy Digital, a majority-owned startup by Fanatics Sportswear. Although Topps was acquired by Fanatics earlier this year and is now under the same banner as Candy, the company has launched digital MLB trade cards.

Sorare’s MLB card artwork is still being finalized, but Spoon says it will keep the approach of current soccer NFTs—with visible stats and edition numbers—while reflecting the spirit of baseball. Every MLB player will have the same total number of NFT cards available in various rarity levels; however, the exact quantity has yet to be determined.

The current soccer game is a free-to-play experience that includes a starter pack of player cards that are not tradeable NFTs, albeit the NFT cards are more useful for those wanting to win fantasy leagues and earn incentives. The MLB experience is also described as a free-to-play game that does not necessitate the purchase of NFTs.

Unlike Sorare’s soccer game, which includes relationships with roughly 250 teams from other foreign leagues, the baseball game will focus solely on Major League Baseball and its 30 teams.

Sorare claims that its soccer game now has 1.8 million monthly users and generated $325 million in NFT trade volume in 2021. In addition, the company claims that it will double that amount this year. Sorare was valued at $4.3 billion in September after a $680 million Series B fundraising round, as previously announced.

Following a March deal with Major League Soccer, which brought the American league and its teams to Sorare’s platform, the MLB partnership is the latest move in the firm’s American push. Sorare’s head of business development, Michael Meltzer, said that the company hoped to announce two US league collaborations in the coming months.

Sorare will be able to target a primarily American audience by launching a Major League Baseball game, although in a sport with global talent and followers outside of North America.

“We now have a worldwide reach, both in terms of users and partners and our players,” Spoon said. “We believe we can translate a lot of the software platform’s background into a way that makes a lot of sense to baseball.”

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To accelerate ecosystem growth, Fireblocks introduces Web3 Engine with developer tools

This set of tools is intended for developers working on DeFi, GameFi, and NFT products and services.

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Fireblocks, a digital assets custody platform, announced the debut of their new Web3 Engine to assist encourage the development of the Web3 ecosystem as the world moves closer to a decentralized future.

The dedicated Web3 engine contains a set of tools for developers to create goods and services in decentralized finance (DeFi), GameFi, and nonfungible currencies, the business revealed on Tuesday (NFT). For alternative asset managers and capital market participants, Fireblocks has opened up a world of decentralized programs (DApps), exchanges, NFT markets, and more.

“Web3 is the future,” Fireblocks CEO Michael Shaulov said, adding that “the Internet has already entered a new era.” According to Shaulov, in order for the Web3 ecosystem to continue to grow, the community must address a major issue: security.

Fireblocks’ new Web3 Engine, according to the announcement, makes it simple for developers to build DApps on top of Fireblocks’ tech stack or securely access the entire spectrum of current web3 apps. Web3 companies such as Animoca, Stardust, MoonPay, Xternity Games, Griffin Gaming, Wirex, Celsius, and Utopian Labs use Fireblocks to secure themselves from human mistake and hackers.

Web3 has sparked a lot of interest in the sector, as evidenced by the rise in market capitalization of Web3 coins in recent years. It’s an ecosystem that everyone can access from anywhere at any time, with no restrictions or middlemen. Many large corporations have made considerable investments in Web3’s potential.

Google Cloud has formed an internal team focused to developing services for blockchain developers and Web3-based application operators. With Metaverse involvement and NFT enthusiasm, industry titans like Meta and Amazon have entered the market. Square Enix, the gaming behemoth, recently announced that it would spend heavily in Web3 gaming.

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Is Fender quietly getting ready to enter the NFT market?

In order to preserve or launch its brand in web3, Fender has filed various NFT-related patents and trademark applications in the United States.

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Fender, a well-known guitar manufacturer, has filed three patents related to NFT with the US Patent and Trademark Office.

When it comes to developing, selling, or buying NFTs with the Fender brand name, the patents would suggest a purpose to make or protect its brand.

Fender filed a series of trademark applications linked to its headstock design in possible NFTs, according to GuitarWorld, including NFT collectibles, virtual products, pictures, artwork, video, and audio recordings featuring music and musical instruments.

Mike Kondoudis, a trademark attorney, noticed the application to the US Patent and Trademark Office, which was filed on April 28.

Source: Twitter

Fender isn’t the first guitar company to think about using NFTs. Billboard reported in January that Gibson, the legendary guitar brand and Fender rival, was preparing to join the NFT industry with six trademark applications connected to NFTs and digital goods.

Big brands, from Adidas to Gucci, have been fast to experiment with NFTs and the Metaverse as two new distribution channels. They’re still figuring out where they belong in the virtual worlds.

NFTs are being used by musicians to reinvent fan involvement

NFTs and the Metaverse are being used by many established bands and brands to redefine how they communicate with fans. Additionally, musicians that rely significantly on in-person concerts as a fundamental income source will find the revenue streams and royalties available by the sale of NFTs appealing.

Music producers and platforms such as Audius, DAOrecords, and TokenTraxx are collaborating with musicians to demonstrate the possibilities of Web3 technology and allow fans to be creative using NFTs.

As famous guitarists get involved in the NFT realm, guitar brands are naturally interested. Keith Richards sold one of his beloved guitars with an exclusive 1-of-1 Tezos blockchain NFT produced for $57,600 in January of this year. The guitar, as well as a digital replica in the shape of an NFT and a video of Richards signing the guitar, were all up for auction.

Since the beginning of the year, the number of NFT trademark applications has increased dramatically, with 3,306 applications filed between January and April.

Source: Twiter

Despite the applications, Fender has yet to reveal its plans for NFT.

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According to Music Ally, Spotify has begun testing NFTs on its platform

If a trial deployment goes well, artists may soon be allowed to market their non-fungible tokens (NFTs) on Spotify, according to Music Ally.

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Spotify, the most recent tech business to join the NFT bandwagon, entered the web3 world earlier this month with the introduction of “Spotify Island” on Roblox on May 3. Spotify will now test NFTs on the platform to specifically selected US consumers, starting with a single trial selection of artists, including Steve Aoki and The Wombats.

Users will have to purchase NFTs through an external marketplace, thus they won’t be able to sell them directly. As part of the trial, Spotify has stated that it will not take a portion of the sales.

Simultaneously, customers have stated that Spotify is sending out surveys and even paying some people to talk to team members about their feelings regarding NFTs and web3. Questions concerning sentiment, cryptocurrency purchases, and why people acquired NFTs have been circulated on Twitter. Some poster responded with mockery to the queries.

Since March, when Spotify placed two job offers for working on early-stage web3 projects, rumors have circulated that the firm was interested in entering the web3. The announcement comes only days after Meta revealed that it would begin testing digital collectibles and NFTs on Instagram as well.

By the time of publication, Spotify had not responded to a request for comment from The Block.

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