An online marketplace for trading legally licensed digital Cricket NFTs has raised almost $100 million in a new fundraising round, with backers including Cristiano Ronaldo, Venture capital firms B Capital Group and Insight Partners are leading FanCraze’s Series A round. The fundraising for the blockchain startup, previously known as Faze Technologies, has additionally attracted South Korea’s Mirae Asset
Last November, FanCraze announced a collaboration with the International Cricket Council (ICC) to develop a Cricket NFT marketplace. This coincided with FanCraze, then known as “Faze,” obtaining $17.4 million in a seed fundraising round sponsored by Tiger Global Management.
CEO Anshum Bhambri stated at the time that the company’s mission is to “create the metaverse of cricket.” The platform is built on Flow, the same blockchain that runs NBA Top Shot, the digital collectables platform that gained great appeal last year.
A similar platform for cricket could have similar success due to the vast amount of supporters the sport has around the world, thanks in part to it being the unquestioned most popular sport in India, the world’s second most populated country.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
KAZ
CoinCu News
Best Cryptos to Buy in December 2024: Qubetics ($TICS) presale explodes, Ethereum (ETH) eyes a…
Palo Alto, California, 21st November 2024, Chainwire
Best Cryptos to Buy: Qubetics presale rockets ahead, Bitcoin nears $100k, and Avalanche prepares to…
London, United Kingdom, 21st November 2024, Chainwire
The move will see developers utilize USDC on Aptos in creating dApps on a wide…
Abu Dhabi, UAE, 21st November 2024, Chainwire
This website uses cookies.