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Adir Shiffman

Aussie’s investment in soccer star NFTs could be best seed deal ever

In early 2019, Chris Hitchen backed little-known electronic soccer star trading card start-up Sorare. Its growth has since exploded, and it is now worth $US4.3 billion.

Adir ShiffmanColumnist

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An Australian flies to Germany, meets a Frenchman, and hands over $US100,000 ($137,000). It’s not a new Netflix trailer, but the untold story of Chris Hitchen’s seed investment in Sorare, a start-up that has risen 220,000 per cent in only 28 months.

Sorare, which looks Italian but is pronounced “so rare”, is a French start-up focused on non-fungible tokens (NFTs). These NFTs act like electronic soccer star trading cards and sit on the blockchain so ownership can be easily verified.

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    Original URL: https://www.afr.com/technology/aussie-s-investment-in-soccer-star-nfts-could-be-best-seed-deal-ever-20210924-p58uix