They decided to build a DApp, a game which would feature one of the most passionately followed sports: Football. The summer of that year was a decisive one for both the co-founders of the Sorare platform. This year the total sales in the NFT market are valued at $2.5 billion, according to Non-fungible Corp. The NFT market jumped from $41 million in 2018 to $338 million in a matter of two years. NFT has recorded a significant increase in trading and demand in the past. The situation was even worse than the dot-com bubble collapse but things went way worse due to a noticeable fall in mining revenue.Īs mining and trading seemed no longer a profitable activity for crypto holders, people went all into decentralized applications (DApps) and NFT collectibles to secure the value of their assets. It was the time when the crypto bubble seemed to have popped and the entire crypto market collapsed by 80% by September 2017. Montfort is now the co-founder and chief technology officer at Sorare.Ģ018, the year when Sorare came into existence was the worst ever for Bitcoin and the cryptocurrency market in general. But the idea of creating a game within a game struck him when he shared his passion for football and blockchain tech with Adrien Montfort who then proposed to join the two and create Sorare. Julia has stated quite a few times during interviews that he always wanted to create something that would combine entertainment and blockchain technology. It took just a few years for Julia to embrace his entrepreneurial tendencies which ended up being the reason for Sorare’s foundation. He was responsible for creating and managing Stratumn’s uniquely efficient blockchain engineering team. Before joining Sorare, Montfort was the VP of Engineering at Stratumn for more than 10 years. Adrien Montfort, who later joined Nicolas in establishing Sorare, was a close colleague. Nicolas Julia was the VP of operations at Stratumn which raised $8 million to fund expansion into the US, the largest market for blockchain-centric companies.Īt Stratumn, Nicolas Julia scaled operations after the $8 million funding round and sealed many six-figure deals. After finishing his academic endeavors, blockchain technology raised curiosity and interest in Julia’s mind.īefore co-founding Sorare, Julia became one of the first team members of Stratumn SAS, a blockchain-powered network solutions provider for enhanced traceability and security of processes between enterprises and their stakeholders. Julia completed an MSc in Economics (from Hanken in 2009) and another MSc in Management (from EM Lyon in 2020). He is an alumnus of the Hanken School of Economics and EM Lyon Business School. Nicolas Julia in his early days could have never predicted that the world could be driven so efficiently by assets that do not physically exist. Nicolas Julia, Adrien Montfort, and their visionary game with digital football collectibles Whether you are a football fanatic or an average NFT collector, the Sorare platform is offering a unique football experience where people play with officially licensed football crypto collectibles. The growing demand and popularity of NFT tokens are driving people to take the Sorare fantasy football platform seriously. “When my co-founder and I first laid out our vision for Sorare in the summer of 2018, our ambition was to create a new game that could unlock the limitless potential of non-fungible technology.”- Nicolas Julia, co-founder, and CEO of Sorare. These NFT-based cards on the platform can be bought, added to a collection, and freely sold as crypto-collectibles. This simple model was transformed by Sorare in 2018 when the Paris-based company introduced the ability to not only own a simple football player card but an original digital card registered a non-fungible token on the Ethereum blockchain. Fantasy football is a lucrative market especially in cash rich EU markets and major fan following in Latin America and Asia, where users play by drafting their favorite international football players, prepare a lineup for them, and get points by beating their friends in a friendly match. It is expected to reach the level of $46.8 billion by 2027. The global business of fantasy sports was valued at $18.9 billion in 2019.
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