Using the cryptocurrency Ethereum, players can buy and sell digital images of footballers in NFT form, with their value fluctuating according to their performances on the pitch. —Sorare/Handout via Reuters
PARIS: Sorare, the French startup behind a game that lets players trade virtual football stickers for hefty sums, on Tuesday said it had raised a record US$680mil (RM2.8bil) from investors, valuing the group at US$4.3bil (RM18bil).
It is the largest amount ever raised in a single private fundraising round in the French tech sector, with the company riding high on a global craze for the digital collectibles known as non-fungible tokens (NFTs).
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