Major League Baseball announced a new partnership with the France-based web3 sports company 'Sorare' in order to create an NFT-based fantasy sports game inspired by 'MLB Champions.' MLB Champions is an NFT-based fantasy baseball game where players would collect and trade NFTs that represent various MLB players. According to MLB, the game was too convoluted and inaccessible for the public to enjoy.
MLB will use the information it gained from MLB Champions, combined with Sorare's knowledge of blockchain-based sports entertainment properties, to create an all-new, easy-to-use play-to-earn fantasy sports title. The NFTs in this game are inspired by baseball trading cards, and each card NFT will be a unique collectible. Individuals will be able to participate in fantasy sports leagues, discuss baseball, and trade cards with one another. MLB and Sorare stated that the game will be ready to launch in the summer of 2022.
Image Credit: Sorare
What Makes This Trend Stand Out
- Nft-based Fantasy Sports Games
- The rise of NFTs is creating opportunities for the development of fantasy sports games with unique collectible NFT cards.
- Play-to-earn Gaming Models
- The play-to-earn gaming model is gaining popularity and can be integrated with NFT-based fantasy sports games
- Blockchain-based Sports Entertainment Properties
- More companies are exploring the potential of blockchain-based sports entertainment properties that can leverage the NFT technology
Sectors Adopting This
- Sports Entertainment Industry
- The sports entertainment industry can benefit from integrating NFTs and blockchain technology to create new fan engagement opportunities
- Gaming Industry
- The gaming industry can leverage the popularity of NFTs and the play-to-earn model to create new revenue streams and increase user engagement
- Blockchain Industry
- The blockchain industry can be a key player in the development and implementation of NFT-based fantasy sports games and other related sports entertainment properties.
