A blockchain is a decentralized, distributed, and often public, digital ledger consisting of records called blocks. It is used to record transactions across many computers so that any involved block cannot be retroactively altered without the alteration of all subsequent blocks.
In simpler terms, blockchains are digital ledgers that ensure your digital assets (i.e., NFTs) have provable rarity (fixed and limited supply), provenance, true ownership, and total freedom of movement - for example, through blockchain, you can transfer assets between different platforms, allowing you to own digital things in a similar way to how you own physical objects.
What's the benefit?
Thanks to the blockchain, your Sorare cards truly belong to you. If you own a Sorare NFT, you can use it in Sorare competitions, keep it as a collectible, transfer it to another platform, sell it, trade it, play it in another game, and create your own game where you can use it, etc.
In traditional digital games, you collect and use in-game items but you don't own them. With NFTs, you actually own your digital items, in the same way you own things in the physical world.
What is cryptocurrency?
A cryptocurrency is a digital asset designed to work as a medium of exchange where ownership records of each Coin are stored in a ledger existing in a computerized database using strong cryptography to secure transaction records, control the creation of additional Coins, and verify the transfer of Coin ownership.
In simpler terms, cryptocurrency is often used to purchase and transfer ownership of NFTs.
What is Ethereum?
Sorare uses Ethereum, the most open, decentralized, and secure blockchain. Sorare player cards are non-fungible tokens (NFTs) built on the Ethereum blockchain. They follow the ERC721 standard. You can audit our ERC721 smart contract and our exchange smart contract.
Here is a video that explains why we use Ethereum.