Sorare, a global sports entertainment company, has formed an innovative partnership with Mangopay to launch Cash Wallet NFT, enabling all sports fans to experience Web3 with Sorare without the need to use cryptocurrencies.
This first-of-its-kind feature gives Sorare managers the ability to securely connect to their bank accounts, store credit card information, and make deposits and withdrawals of money from their accounts in USD, EUR or GBP, all without the need to use ETH.
Now, players will be able to explore the world of NFTs in a simple and accessible way, opening up new possibilities for interaction with the cryptocurrency market. See below for all the details.
Summary
NFT experiences made easy thanks to innovative partnership between Sorare and Mangopay
As anticipated, Sorare, the renowned global sports entertainment company, has reached a significant milestone in the Web3 industry through a strategic partnership with Mangopay, the renowned provider of specific payment infrastructure for platforms.Â
Together, they have launched Cash Wallet, a new feature that enables Sorare’s 5 million registered managers to make payments in “real” currencies (fiat currencies), including the US dollar (USD), euro (EUR) and British pound (GBP).
Sorare, a pioneer in the combination of collectibles and fantasy sports in Web3, offers its users the unique opportunity to own digital cards with exclusive benefits.
This form of ownership enables the monetization of digital cards, allows them to be used in different seasons and games, and guarantees their verifiable scarcity and authenticity.
Since its debut in 2018, Sorare has experienced meteoric growth and has made its way into the world’s top leagues and sports teams, including the Premier League, MLB, MLS, and NBA.
This has also attracted sports icons, such as Lionel Messi, Serena Williams, and Zinedine Zidane, who have become investors, ambassadors, and advisors to the project.
Since its founding, Sorare has been committed to making the user experience as seamless as possible, enabling millions of sports fans to take advantage of the benefits of digital cards within Web3 without encountering the difficulties often associated with this new technological frontier.
With the valuable collaboration of Mangopay and the introduction of fiat currencies, Sorare Cash Wallet overcomes a major barrier to entry in the industry, opening the door to all managers, both new and experienced.
Sorare expands the boundaries of accessibility in fantasy sports and NFTs with Cash Wallet
With this innovative and intuitive solution, users can securely link their bank accounts to Sorare, store their credit card details and deposit money directly into Cash Wallet to buy and sell cards, using widely accepted currencies such as the US dollar, euro or British pound.
Mangopay, a renowned provider of payment infrastructure for platforms and marketplaces, will manage this functionality.
With Cash Wallet, Sorare opens new doors toward accessibility and inclusivity in the world of fantasy sports and NFTs, offering sports fans around the world an extraordinary experience in the digital card marketplace.
The launch of the new feature is the latest step in Sorare’s long-term strategy focused on growing the user base, creating the world’s largest sports community, and building the next global sports entertainment giant.
Cash Wallet will be available to all Sorare managers starting in early August, anticipating the start of the European football season, the 2023 MLB Postseason and Sorare Season 2: NBA. The management of the Cash Wallet function will be entrusted to Mangopay.
Some statements regarding the collaboration between Sorare and Mangopay.
Nicolas Julia, CEO and co-founder of Sorare, commented on the new initiative as follows:
“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.
However, new technologies must be accessible to all if they are to fulfil their potential.The launch of Cash Wallet is key to our goal of making Sorare as simple and user-friendly as possible for all sports fans, and we are thrilled that we can now enable Managers to build their teams and collections using real-world (or fiat) currencies for the very first time.”
On the other hand, Romain Mazeries, CEO of Mangopay, said:
“As a frontrunner in the payment infrastructure industry, we are committed to shaping the next era of payments. Our collaboration with Sorare underscores this dedication. Sorare, an industry leader in the sports, collectables, and gaming domains, boasts an impressive growth trajectory with over five million registered users.
Partnering with them not only fortifies our strategic position but also paves the way for joint advancements in payment solutions, enhancing accessibility to their innovative blockchain platform.”
