Three weeks ago, I started a new journey on sorare. In this post, I mentioned that I would closely track my earnings and trading on sorare and share it transparently via monthly blog reports.
October 1st Gallery Value
As mentioned in the first post, I opened my account on sorare at the end of August 2021 and deposited $303. These funds were then used as the foundation for me to build the gallery that I have attained. I knew going into this challenge that there was no chance in challenging for rewards, and the intention was to always focus on building up my gallery by trading and flipping NFTs by using my knowledge of football.
So how did the first month go? My gallery is currently valued at $878 (~0.27 ETH), and I now have 21 limited cards in my gallery. The daily flipping and trading have allowed me to build two teams to enter into the weekly fantasy leagues over September.
Team 1
My primary team is primarily focused on the Eredivisie. This team competes in Challenger Europe Division 5. None of these players are long-term holds for me, and I would like to bring in players from Ajax, PSV, and Feyenoord, but players from those teams are very overpriced.
The total cost of this team: $189 (0.058 ETH)
The current market value of this team: $326.5 (0.1 ETH)
Team 2
This team is a mix and match from Eredivisie, Belgium Jupiler League, and Austrian Bundesliga. This team competes in Global All-Star Division 5. I have been debating if I should sell these players and focus on having 1 strong team, but I will keep them as they seem to be performing well to what I paid for them.
The total cost of this team: $302 (0.0927 ETH)
The current market value of this team: $401.60 (0.123 ETH)
September Gameweek Rewards
Unfortunately, no rewards were earned from competing in the weekly game weeks. In the last game week, I was 7 points away from reaching my first reward, but alas, I picked a striker who didn't have a game, so I only have myself to blame.
September Trading Earnings
In the context of sorare, starting with $300 as an initial investment is minimal. All the YouTube videos and blog posts you read recommend that new players who want to play it seriously start with a minimum of $500 - $1000. Therefore, in September, I spent most of my time learning the market and trading NFTs. I managed to flip 93 NFTs for a total profit of $339.23 (0.1039 ETH).
I have a constant supply of cards for sale on the market, and I have created a custom squad dedicated to all the players I have for sale. Therefore, whenever someone visits my profile on sorare, they will see the collection of NFTs I have for sale.
September Affiliate Earnings
If you ever intend to start playing sorare, it's highly recommended you sign up under someone's referral because you will get a free card after you have purchased five cards from the Auction market.
In September, I had one person sign-up under my referral but hasn't purchased any cards.
September Total Earnings
My earnings for September are primarily made up of trading profits.
Gallery Value
The total value of the 21 NFTs is currently valued at $878. This includes the two squads and the players that I have now on the market for sale.
Conclusion
I am happy with the progress I have made on sorare. I have been learning a lot about the market cycles and how it relates to different teams performance in real life and how they affect the price of the NFTs on the platform.
As for the sorare platform, there have been many updates to sorare over the past month. Firstly, they have announced another massive round of series b funding totaling $680m. Secondly, sorare announced this week that 50 Legends of football would join the platform and have their NFTs available. The legends that have been released this past week include Iker Casillas, Fabio Cannavaro, Michel Platini, and Ronaldo Nazário, to name a few. Thirdly, the sorare team has changed the starter rookie league to be free forever. Previously, new players would sign-up to the platform and only be given eight weeks to play in the starter rookie league. This is a welcomed change, but you would need a lot of luck to finish in the top 3 positions by only using the free common cards; however, with prizes available for the top 3, it's worth trying your luck.
If you to try out sorare for free, please use my ref link. sorare is a Blockchain-based fantasy football (soccer) game where users may trade NFTs, participate in tournaments, and fight for prizes worth thousands of pounds...every week. It essentially combines Fantasy Premier League with NFTs. Using my ref link, you can get a Limited reward card after winning 5 Limited card auctions. This is pivotal in getting you started.
Thank you for reading, and I hope you have a good rest of the day!
Follow me on these other platforms where I also post my content: Publish0x || Hive || Steem || Read.Cash || Noise.Cash || Twitter
