{"id":361149,"date":"2021-11-02T00:35:00","date_gmt":"2021-11-01T21:35:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/sorare-ceo-shares-bold-vision-on-nfts-during-web-summit-2021-opening-night\/"},"modified":"2021-11-02T00:35:00","modified_gmt":"2021-11-01T21:35:00","slug":"sorare-ceo-shares-bold-vision-on-nfts-during-web-summit-2021-opening-night","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/sorare-ceo-shares-bold-vision-on-nfts-during-web-summit-2021-opening-night\/","title":{"rendered":"# Sorare CEO shares bold vision on NFTs during Web Summit 2021 opening night"},"content":{"rendered":"<p>&#8220;<strong># Sorare CEO shares bold vision on NFTs during Web Summit 2021 opening night <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvNDFlYWU1MGYtODI1MS00OTFkLTk0MDctYTA3NjNmYWFmYTZiLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Web Summit 2021, the biggest tech conference in the world, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/youtu.be\/Z6mX3_sdFTk\">kicked off<\/a> on Monday in Lisbon, Portugal, and will last until Thursday. In an opening statement, Carlos Moedas, the mayor of Lisbon, said that \u201cMy dream is that Lisbon will be the capital of innovation in the world.\u201d Meanwhile, Jo\u00e3o Le\u00e3o, the minister of finance of Portugal, stated:<\/p>\n<blockquote><p>\u201cPortugal is the place to live, to invest, to do business, and to do so in a manner which is open to difference, tolerant and multicultural.\u201d<\/p><\/blockquote>\n<p>Notable guest speakers included <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Facebook<\/a> whistleblower Frances Haugen, Black Lives Matter co-founder Ayo Tometi, and Nicholas Julia, co-founder and CEO of French nonfungible token (NFT) fantasy gaming company Sorare.<\/p>\n<p>NFTs are digital certificates of ownership representing artwork, images, videos, music and more. They are stored in digital wallets, while the actual assets can be stored on-chain or off-chain, depending on size. Sorare enables players to manage their own soccer, or football, teams with digital player cards minted as NFTs. These cards can be bought, sold and transferred.<\/p>\n<p>When asked about the future of the NFT industry within five to ten years, Julia said the following:<\/p>\n<blockquote><p>\u201cNFTs will be the underlying <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> for everything of value on the web. It could be monetary value or it could be personal value. I was mentioning your identity earlier on, so that\u2019s something an NFT could carry for you on the web. It\u2019s going to be invisible.\u201d<\/p><\/blockquote>\n<p>Founded in Paris three years ago, Sorare\u2019s valuation has grown from $270 million to $4.3 billion. Japanese multinational conglomerate SoftBank led its latest round of funding in September. According to Julia, half a million users joined the platform organically, without any marketing. More than 200 football clubs worldwide are currently partnering with Sorare. Based on the company\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/opensea.io\/collection\/sorare\">profile<\/a> on NFT marketplace OpenSea, Sorares cards\u2019 cumulative trading volume has surpassed 50,200 Ether (ETH).<\/p>\n<p>But Sorare also seeks to expand outside the realm of NFTs for gaming. Julia made the following statement in that regard:<\/p>\n<blockquote><p>\u201cWe want people to feel the benefits of it, that you truly own your digital good, that you can move it, and so on without having the friction of crypto that most of the crypto products have today \u2014 it\u2019s complicated. I see that it\u2019s a technology that\u2019s going to underpin everything of value on the web.\u201d<\/p><\/blockquote>\n<p><template data-name=\"subscription_form\" data-type=\"nifty_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/sorare-ceo-shares-bold-vision-on-nfts-during-web-summit-2021-opening-night\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Sorare CEO shares bold vision on NFTs during Web Summit 2021 opening night &#8221; Web Summit 2021, the biggest tech conference in the world, kicked off on Monday in Lisbon, Portugal, and will last until Thursday. In an opening statement, Carlos Moedas, the mayor of Lisbon, said that \u201cMy dream is that Lisbon will&#8230;<\/p>\n","protected":false},"author":1,"featured_media":361150,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvNDFlYWU1MGYtODI1MS00OTFkLTk0MDctYTA3NjNmYWFmYTZiLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[110404,76555,74863,74891,95118,75993,75385,74355,117,4965],"class_list":["post-361149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cointelegraph-nft","tag-conference","tag-cryptocurrencies","tag-ethereum","tag-nft","tag-portugal","tag-sport","tag-adoption","tag-business","tag-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/361149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=361149"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/361149\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/361150"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=361149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=361149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=361149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}