News | SorareStar

Welcome to Sorare NFT News — Where, for you, I provide a summary of recent Sorare NFT News, alongside my personal takeaways.

News:

We’re Live On Our Scaling Solution: Starkware

Summary:

In partnering with Starkware, Sorare have built a fantastic foundation for themselves in terms of improving the ease/quickness of future Card transfers between Sorare managers as more and more players learn of and adopt the game – This scaling solution removes the inconveniences of “‘transfer in progress’ messages or hav(ing) to worry about gas-fees and unpredictable delays” and properly prepares the platform for “millions of football fans.”

Sorare is soon to be releasing a new 1/1000 card scarcity.

SorareStar’s Takeaways:

Absolutely great news for Sorare here in terms of future growth for the platform.

The Company’s latest article addresses two key product points which play major factors in Sorare’s continued trajectory into the mainstream and popularity similar to that of Electronic Arts’ Fifa Ultimate Team: Ease of Use and Supply.

Ease of Use:

This point’s pretty self-explanatory: The easier the platform is to operate in and more seamless the transactions, the happier the Sorare manager. The less extra fees necessary to move cards around, the better as well.

Supply:

Adding a fourth, more common, scarcity of Sorare NFT Cards may be a point of contention for some current Sorare managers + owners of Rare, Super Rare, and Unique Cards, as it’s believed that the value of their owned Cards will begin decreasing once the 1/1000 Card group drops, as most new players will opt to purchase the cheaper, less scarce new Cards.

While it’s true that the majority of managers will direct their attention towards the new scarcity due to its naturally lower price points, consider this:

Today, one of the main gripes of incoming Sorare managers and barriers to their entry into the game is the lack of accessibility to the more popular, notable footballers due to their current pricing, causing a fairly large amount of people aware of Sorare to turn their heads from the game at the moment.

A new, more common scarcity will undoubtedly attract the attention of these managers on the fence and will, I believe, bring far more demand over time to the Sorare platform than the new supply in the long-run, and as basic economics dictates, the greater the Demand in comparison to the Supply = Greater value.

While the prices of rarer Sorare Card scarcities may drop in the short-term once this 1/1000 Card group is released, anticipate the continued rise in Sorare demand over time, as more interested parties worldwide learn and become increasingly invested in the game, to drive Sorare Card price points upwards across the board.

Conclusion:

Without a doubt, the scaling solution applied by Sorare and Starkware along with the addition of a new 1/1000 card scarcity will pay dividends for the platform’s popularity in due time. It’s two thumbs up from me. 👍👍

Watch out, FIFA.