Key Points
- Sorare, a fantasy sports platform, is moving its NFT card collection to Solana, bringing 5 million users to the blockchain.
- Sorare’s decision is based on Solana’s speed, scalability, and openness as a public blockchain.
Sorare, a fantasy sports platform, has announced its plan to transfer its entire non-fungible token (NFT) card collection to Solana. This move is expected to be completed by the end of October and will bring 5 million users to the blockchain. It represents one of the largest consumer application migrations in Web3 history.
The migration process will be fully automatic. All Sorare cards will be reissued as Solana NFTs, enabling them to be traded on external marketplaces and stored in wallets like Phantom. User Ethereum (ETH) balances will simultaneously move from StarkEx to Coinbase’s Base L2.
Sorare’s Decision and Public Companies’ Interest in Solana
Sorare’s decision to move to Solana is based on the blockchain’s speed, scalability, and public nature. The platform views this move as more than just a technical upgrade. It’s a step towards creating the most open and flexible platform for digital sports collectibles. Solana can process over 3,500 transactions per second and maintains 3.7 million daily active wallets, infrastructure designed for consumer-scale applications.
This move is happening at the same time as Solana Company (HSDT) reported holdings exceeding $525 million in Solana and cash. This is part of a broader trend of public companies accumulating Solana in corporate treasuries. More than nine public companies now collectively hold over 13 million Solana. The company’s stock has surged 190% following its treasury strategy, which leverages Solana’s 7% native staking yield, a key differentiator from non-yielding assets like Bitcoin (BTC).
Solana has highlighted the partnership with Sorare as bringing one of sports gaming’s strongest portfolios and over 5 million players to its ecosystem. Sorare is reinventing fantasy sports with a liquid and vibrant on-chain economy. With Sorare’s proven product-market fit, the migration stands apart from speculative gaming projects that dominate blockchain announcements.
The broader institutional trend extends beyond cryptocurrency treasuries. The NYSE owner ICE announced a $2 billion investment in Polymarket this week, signaling Wall Street’s growing appetite for blockchain-based platforms that demonstrate real user adoption and market fit.
In the future, Sorare is considering the integration of a utility token as a way to reward trading and gaming activity. However, specific timelines for this remain undefined. For those tracking Solana (SOL) price predictions, the migration represents measurable adoption momentum rather than purely speculative interest.
