France is ubiquitous when it comes to NFT, the metaverse and Web 3.0. Sorare, Dogami, Panda Dynasty or The Sandbox are ambitious projects with a global reach.
NFT, metaverse, play-2-earn, crypto-games: these topics have been on everyone’s lips for the past few months. New NFT collections are created every day, but only 10% of creations are truly successful.
In France, startups are among the most dynamic in the ecosystem. Sorare unicorn or the metaverse project The Sandbox are ambassadors of this movement, which is completely in line with the web 3.0 trend. Below we have grouped some of the most promising projects carried out by French entrepreneurs.
Sorare, the French unicorn in the NFT market
Straddling the border between fantasy and reality, Sorare is a game where the goal is to assemble the best team by buying NFT cards from real football players. Cardholders earn points based on actual player performance. Sorare cards are officially licensed, and the start-up has already entered into partnerships with 215 football clubs. A few days ago, the unique card of striker Erling Haaland was sold for as much as 613,000 euros.
Recently, 680 million dollars were collected, and many athletes like Antoine Griezmann or Serena Williams invested in the project. the fantasy sportswhich today gathers more than 200 million players worldwide, is estimated at 42 billion euros by 2027… How far will Sorare go?
RTFKT, at the forefront of virtual fashion
Founded in 2020, RTFKT made a name for itself by selling NFT limited edition virtual sneakers. They can be worn virtually through augmented reality filters or in virtual worlds such as The Sandbox or Decentraland.
In 2021, the start-up recorded a thunderous growth. In May of last year, it collected 8 million dollars, and during the year it achieved a turnover of 100 million dollars. 80% of the income comes from the Clone X project, 20,000 unique 3D avatars, which found their users in a few hours. And as good news never comes alone, Nike just bought RTFKT for several hundred million dollars.
Panda Dynasty, the future leader of cryptogaming
This is perhaps the project that came to fruition the fastest. In just three weeks, Gabriel Mamou-Mani assembled a team to create a collection of 8,888 pandas, all of which were sold within 24 hours. More than just virtual trading cards, the founder worked to bring real utility to his collectors.
Since then, the project has evolved to offer an interactive experience: a treasure hunt that can only be joined by panda owners from the NFT Panda Dynasty collection. An exciting adventure that owes its success to a “delicious mix of skills”, but above all to “the ability to listen to the player community”. What does Panda Dynasty have in store for us next?
sandstone, giant of the metaverse, building the Internet of tomorrow
Sandbox offers much more than just a video game: a 3D experience where, thanks to VoxEdit, users can create objects and avatars, animate them, transform them into NFTs and sell them on the platform’s Marketplace. Pješčanik also offers plots. The platform made headlines for selling a $650,000 virtual yacht and Snoop Dogg’s neighboring virtual country for $500,000.
It is in this context that many groups have bought land to create their own worlds, like Warner or even Carrefour a few hours ago. In its race for the metaverse, The Sandbox has just announced the creation of a $50 million investment fund. He aims for 30 to 40 start-ups to participate in the development of his virtual worlds.
We’ve just taken over the keys, it’s official: Carrefour is the proud owner of a beautiful piece of land in #metaverse !
— Elodie Perthuisot (@ElodiePerthuisot) January 31, 2022
Dogami, a play-2-earn to the general public, is offered by Petavers
Created in 2021, Dogami is already off to a great start. The young start-up just raised $6 million from Ubisoft and other investors. The idea of his play-2-earn game is simple: get and raise a virtual dog, through his app, in augmented reality. And to earn DOGA$, the virtual currency of Petavers, his universe, the player must train his dog, customize it and participate in challenges. In short, a kind of tamagochi 3.0 that has a good chance to appeal to the general public…