NFTs News

Cricket NFT backed by Cristiano Ronaldo to Raise $100M in Series A Funding Round

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

Cricket NFT backed by Cristiano Ronaldo to Raise $100M in Series A Funding Round 3

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.

Cricket NFT backed by Cristiano Ronaldo to Raise $100M in Series A Funding Round 4

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

Victor

Recent Posts

Dogecoin Price Prediction: Will DOGE Ever Hit $0.7 Again? Why ETFSwap (ETFS) Is The Best Alternative For 100x Gains

Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…

3 hours ago

Step into BlockDAG’s Presale Frenzy This November: Secure a Massive 100% Bonus with BDAG100!

November is the perfect time for BlockDAG's huge presale. Use BDAG100 to double your purchase.…

5 hours ago

OpenSea New Version Will Be Launched In December

OpenSea new version is scheduled to launch in December, with an improved user experience, improved…

5 hours ago

Bitcoin Price in 2025 Will Reach $200,000: Bernstein

Analysts at Bernstein predict Bitcoin price in 2025 could reach $200,000, driven by factors like…

6 hours ago

This website uses cookies.