Major League Baseball will launch an online game this summer in partnership with SoftBank-backed NFT company Sorare, Sorare said in a statement on Thursday.
The game will allow baseball fans to buy and sell NFTs representing baseball players using the cryptocurrency eater, and build fantasy teams with which they can compete to win prizes.
A non-fungible token (NFT) is a form of crypto-asset that represents a digital file such as a picture, video or piece of text.
Sports-related collectibles appear to be a popular type of NFT as the digital asset market exploded into a multi-billion dollar industry last year.
Top sports leagues, including the American 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.