FILE PHOTO: Digital collectible cards representing football players are seen in this handout illustration image from the online fantasy football game Sorare obtained by Reuters on September 20, 2021. Sorare/Handout via REUTERS
LISBON (Reuters) -Non-fungible token (NFT) firms need to engage with regulators and share what they are doing, blockchain-based fantasy soccer startup Sorare's chief executive said on Tuesday, acknowledging that users need some protection.
The popularity of the crypto asset, which is a blockchain-based record of ownership of a digital item such as an image or a video, has exploded in 2021, leaving many confused why so much money is being spent on items that do not physically exist.
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