Home » Premier League Wants to Mint Soccer Stars as NFTs in £30M a Year Deal

Premier League Wants to Mint Soccer Stars as NFTs in £30M a Year Deal

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Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice.please consult Website policy before making financial decisions.

according to Recent reportsThe UK Premier League is in talks with two NFT companies about a project to create football-themed tokens.

Premier League partners with Solare

The Premier League is reportedly negotiating a deal worth £30m a year with French company Solare. The program will most likely create NFTs of him based on images of famous players and sell them to fans as unique digital memorabilia.

The Premier League is reportedly planning meetings with major English football clubs such as Tottenham and Manchester City. If an agreement is reached between the organization and the club, the multi-year deal could be completed within weeks.

Solare is a Paris-based company founded in 2018. It is backed by French footballer Kylian Mbappe and Japan’s Softbank. Sorare is also responsible for his eponymous blockchain-based soccer-themed card video game that launched in 2019.

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Premier League and football themed NFT

Solare is neither the first nor the only crypto company to negotiate with the Premier League. His current £30m deal with this French company has replaced his previous deal with ConsenSys. The deal with ConsenSys is reportedly worth as much as £400 million.

The ongoing “Crypto Winter” has created serious problems for the NFT market. 68% decrease in volume year-over-year, ConsenSys tried to renegotiate the deal.of Premier League scraps deal Support Sorare, which is said to be more profitable.

According to the report, the Premier League is also in talks with another NFT company. Dapper Labs already has sports experience in August. Deal with Ticketmaster to care for NFL memorabilia in the form of non-fungible tokens.

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Do you think sports-themed NFTs will become popular? Let us know in the comments below.

About the author

Tim Fries is the co-founder of The Tokenist. he has a bachelor’s degree He holds a Bachelor of Science degree in Mechanical Engineering from the University of Michigan and the University of Chicago Booth earned his MBA from the School of Business. Tim is a senior associate on the investment team in RW Baird’s US Private Equity division and co-founder of Protective Technologies Capital, an investment firm that specializes in sensing, protection and control solutions.

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