Sorare, a digital soccer collectibles platform, is likely to announce a record $532 million in investment.

According to three unnamed sources, the Paris-based company’s valuation might approach $3.8 billion. According to the narrative, the amount would be the greatest capital raise in the history of France’s technology sector. SoftBank, a Japanese investment business, has agreed to lead the funding round, with Atomico, a UK-based venture firm, also participating.In February, Sorare raised $50 million in Series A funding led by Benchmark Ventures, with contributions from Reddit co-founder Alexis Ohanian, former soccer stars Rio Ferdinand and Oliver Bierhoff, and current talents Gerard Pique and Antoine Griezmann.Non-fungible tokens (NFTs) have been introduced by a number of Europe’s most dominant club clubs, including Bayern Munich, Juventus, Real Madrid, and Liverpool.