NFT Companies: Will Paris Become The Next NFT Capital?

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In this article, learn all about Blockchain NFT startups, largely contributing to this new ecosystem. This review includes top FR companies like Sorare, the Sandbox, Crypto Blockchain Industries, and Atari.

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Sorare

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Sorare, a relatively new Parisian startup launched in 2018, has already claimed the top spot among French unicorns, with a value of 4.3 billion dollars (3.7 billion euros) (unlisted companies worth more than one billion). Sorare allows you to sell & acquire player cards, whose value is determined by their performance in live matches. The company already has around 250,000 active players, with 30,000 to 40,000 of them already possessing cards in the form of NFTs, certifying ownership for each user. Each player is given a score out of 100, determined by an algorithm based on data.

The scores of the team's five players are then multiplied by the card's value, and the total is produced. Softbank, a Japanese corporation, is leading the fundraising process with 580 million euros, having already surpassed the previous record of 500 million dollars set by web expert ContentSquare in May 2021. The new fundraising round includes firms like Atomico, Bessemer Ventures, Blisce, D1 Capital, Eurazeo, IVP, and Liontree, as well as past investors Benchmark, Accel, and Partech.

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The Sandbox

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A start-up founded by two Frenchmen stands out among the many possibilities promised by this persistent and shared virtual realm. The Sandbox, which was launched in 2012 as a smartphone game by Arthur Madrid and Sébastien Borget, is now a Hong Kong-based platform that allows users to create a virtual world. To be precise, each 3D creation is linked to a non-fungible token (NFT), which can thereafter be sold on a market in complete transparency.

The start-up, owned by a Hong Kong-based mobile video game company, recently completed a 93-million-dollar round led by SoftBank. Sandbox plans to expand beyond gaming with the funds raised, creating virtual realms centered on fashion, architecture, and virtual concerts. The company recently revealed a slew of celebrity collaborations, including a digital duplicate of her house in the Sandbox metaverse created by musician Snoop Dogg. The platform does, in fact, allow users to purchase digital pieces of land, such as a store in a retail mall, for the purpose of creating or highlighting content. Several well-known cryptocurrency companies, including Binance, Socios, CoinMarketCap, and the Winklevoss brothers, have also purchased shares. The Sandbox currently has around 12,000 virtual landowners, including 165 brands.

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Crypto Blockchain Industries

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Crypto Blockchain Industries (CBI), a French corporation formed by Fréderic Chesnais, invests in video games as well as a variety of other initiatives including blockchains (blockchain), professional applications, and the cryptocurrency market. He also is the current CEO of Atari, where he previously worked as a lawyer and financial adviser. Ker Ventures, a one-man limited liability company that has been in operation for over 13 years and is 100% controlled by Frédéric Chesnais, owns 100% of Crypto Blockcain Industries. By providing equity financing based on this new blockchain technology, the fledgling organization, founded in early 2021, is transofrming the ecoystem. The ultimate goal of the company is to create a portfolio of blockchain-related operations. The start-business up's fields are diverse, including banking, logistics, interactive entertainment, and, of course, video games.

Crypto blockchain Industries has recently had a remarkable stock market (Euronext) debut, with its share price rising from 2 euros (when it was first floated on October 26) to over 26.85 euros (as of January 3, 2022), a record rise of Over 1242%!

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Atari

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Atari is a multinational multi-platform licensing and interactive entertainment company made up of Atari SA and its subsidiaries. Atari, a real video game inventor, owns and maintains a portfolio of over 200 titles and franchises, including world-famous brands like Asteroids, Centipede, Missile Command, and Pong, and was established in 1972. Atari was founded in the United States and was purchased by infogrames, a French rival, in 2003. The firm is now located in Paris and has successfully diversified. It currently has operations in blockchain, video games, and casino gaming, among other sectors. The company hope to continue to be a key contributor to innovation and technology, especially in the blockchain space. In March 2021, the company introduced the Atari Capsule, a new NFT collection that employs blockchain technology to identify collectibles like Pong and Centipede. The Atari Capsule Collection was brought to market by Quidd, Animoca Brands, Blockparty, Harmony, and OpenSea, the world's biggest NFT marketplace. As a result, this collection has made a broad selection of digital goods available at various rates to cater to Atari aficionados, Centipede and Pong lovers, casual collectors, Quidd users, collectors, investors, and NFT museums. After all, Paris is a strong candidate to be the main city for NFTs, having a unique history revolving around art, music, and much more!

‍Gain access to recurrent updates to help you develop an understanding of the blockchain technology in a practical setting! Should you be interested in NFTs, be sure to check out the Paris NFT Day, and our article on the Metaverse!

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