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The game will allow baseball fans to buy and sell NFTs
representing baseball players using the cryptoccurency ether,
building fantasy teams which they can compete with to win
prizes.
A non-fungible token (NFT) is a form of crypto asset which
represents a digital file such as an image, video or piece of
text.
Sports-related collectibles are proving to be a popular type of
NFT as the digital assets market exploded into a
multibillion-dollar industry last year.
Top sports leagues, including the U.S. National Basketball
Association, have licensed NFT-based products for fans.
Sorare, which raised $680 million last year in a funding round
led by SoftBank, also has a partnership with Major League Soccer
in the United States.
The company is currently being investigated by the UK's gambling
watchdog.
(Reporting by Elizabeth Howcroft; Editing by Kim Coghill)
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