Sorare’s user base continues to grow, prompting many individuals who aren’t already using the site to inquire about how to get started playing fantasy soccer and earning money from it. As a basic question, “How do you generate money on Sorare?” provokes both a straightforward and more complex response.
What is Sorare
Sorare is a Blockchain fantasy soccer game that runs on Ethereum – it combines elements of fantasy soccer with card collecting and it’s becoming prevalent. Players buy and collect digital player cards (also known as an NFT), trade with other players, and compete in tournaments and leagues where they can win thousands of dollars.
The founders of the platform want to give fans the opportunity to develop and play the game, even when they can’t play it on the field. Users can buy, trade, sell and manage a virtual team with digital player cards.
By competing against other users of this fantasy football game, you can earn points. It’s more than simply playing virtual tournaments because you need to build strategies and create lineups. The more you know about the real-life performances of your players, the more points you earn.
What is an NFT Soccer Card?
NFT stands for Non-Fungible Token which is essentially a unique digital asset that exists on Blockchain. Being non-fungible means that, due to unique properties, tokens cannot be interchanged.
An NFT soccer card is basically a one of a kind digital soccer card – a record of ownership is stored on the Blockchain. Unique data and identification codes distinguish them from each other so there will never be 2 identical digital cards.
So, what is a Sorare card? Well, it’s an officially licensed NFT collectible of a player for a particular soccer season. Every card is numbered and unique.
Is Sorare Free To Play?
You don’t need to spend any money to get started with Sorare. You receive 10 free common cards when you sign up and for the first 8 weeks, while you can enter the Rookie League, you won’t need any rare cards. The weekly competitions are also free to enter.
However, I would say that, in order to be competitive and win some decent prizes, you will need to invest at least $500-$700 (at the time of writing this) – as always, do your research before and only invest money that you’re willing to lose in a worst-case scenario.
Is Sorare Safe?
I haven’t experienced any issues with Sorare in my time using it. The platform is endorsed and supported by major brands like Ubisoft and Opta as well as high-profile soccer stars like Rio Ferdinand, Serena Williams, Gerard Pique & Antione Greizmann.
The platform operates on Ethereum’s blockchain network to secure the ownership and distribution of digital collectibles. Cards cannot be altered or duplicated and are always limited.
After trying Sorare for a while now, I believe it’s legit and perfectly safe to use – when I withdrew money from the platform, it was quickly back in my digital wallet.
How to Make Money on Sorare
People are drawn to Sorare because of the wide range of revenue streams it offers. Opportunities to expand your investment are everywhere, and they arise on a regular basis. A variety of features in Sorare keep your pockets full, whether you’re constructing a fearsome competitive fleet of SO5 teams, finding the next big stars before anybody else, or combing the market for the greatest cards to swiftly swap around.
1. Participating in the SO5 Weekly Tournaments
In order to earn money from sorare, the most common method is to participate in the weekly games, which take place twice a week. As of the time this article was written, we were in week 252, and the registration for All-star has grown to include up to 18,000+ Managers who are registering on a weekly basis.
There is a total prize pool of 1.3 Eth available to the top three Managers in this Tournament, while other managers receive different tier cards which can be sold in the marketplace. This has been the driving force behind the large investment in the Company made by many football fantasy enthusiasts.
2. Selling at the Peak
You may maximize your return on a player if you keep onto them until they have a huge scoring week. As an example, consider Milan van Ewijk. After a couple of terrible games, his form dipped and he was listed for 0.110 ETH (£165 at the time). Last weekend, he scored a perfect 100 and all of his copies offered for 0.145 (£218) or less were quickly purchased.
As of the time of this writing, his Ethereum (ETH) was worth around £256. An increase in value of up to 0.060 ETH (£91) may be achieved only by waiting for one excellent game.
Another way to get an edge is by watching games in real-time. You may want to investigate the current market for inexpensive copies if a player is having a great game and their SO5 score is looking excellent as a consequence.
A similar scenario may arise if you are the first to notice a major injury to a key player, in which case it could be worth going to pick up the person you believe will fill in for them in the next slate of matches.
3. Early Bird Catches the Worm
I have some words of wisdom for those of you who are more of an early riser. The early-morning auctions are a great place to look for discounts. When the auctions have closed before 7am GMT, I’ve seen players on my radar sell for almost £100 less than their previous selling prices.
Perfect for those who work overnight shifts, or if you notice a few players you like, set an alarm, get some snacks, and settle in for an auction house morning. On Soraredata.com, it is difficult to see the difference since they monitor the transfer rather than the end time of the auction, but I know from attempting to acquire Ideguchi last month that the two lower-priced auctions here ended between 2am and 6am GMT, whilst the others all ended during the daylight.
4. Buy Young Players
This is a popular choice for many managers on Sorare since we all adore finding a wonderkid in Football Manager or even FIFA. And, because of Sorare’s usefulness, we may receive 15 years’ worth of excellent performances from some of the platform’s younger players.
Picking up players that haven’t yet made the first team will take some time, so be patient. While earning money on Sorare might be rewarding, it’s best to find a rising star and purchase in bulk before he becomes a household name.