Main League Baseball will launch a web-based recreation in partnership with SoftBank-backed NFT firm Sorare this summer season, Sorare stated in a press release on Thursday.
The sport will permit baseball followers to purchase and promote NFTs representing baseball gamers utilizing the cryptocurrency ether, constructing fantasy groups which they will compete with to win prizes.
A non-fungible token (NFT) is a type of crypto asset which represents a digital file comparable to a picture, video or piece of textual content.
Sports activities-related collectibles are proving to be a preferred kind of NFT because the digital belongings market exploded right into a multibillion-dollar business final yr.
Prime sports activities leagues, together with the US Nationwide Basketball Affiliation, have licensed NFT-based merchandise for followers.
Sorare, which raised $680 million final yr in a funding spherical led by SoftBank, additionally has a partnership with Main League Soccer in america.
The corporate is at present being investigated by the UK’s playing watchdog.