NFT platform Rario raises $120 million
- April 21, 2022
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Non-fungible token (NFT) sports marketplace Rario has closed its $120 million Series A funding round. We are pleased to announce that we have raised $120 Million Series A
Non-fungible token (NFT) sports marketplace Rario has closed its $120 million Series A funding round.
We are pleased to announce that we have raised $120 Million Series A Funds led by Dream Capital. With this partnership, we will reach Dream Sports’ 140 million users to potentially build the world’s largest cricket NFT platform.
#RioxDreamCapitalhttps://t.co/roNj9LZDZF
— Rario (@rariohq) 21 April 2022
Dream Capital led the investment round with participation from Corporate Venture Capital, M&A Dream Sports and Alpha Wave Global. The startup was previously backed by Animoca Brands, Presight Capital and Kingsway Capital.
Founded in 2021, Rario is an NFT platform dedicated to cricket. The project team signed an exclusive multi-year deal with Cricket Australia to create a themed metaverse.
Rario gives fans the opportunity to have “a piece of cricket history” through digital collectibles. The team claims to have sold over 50,000 NFTs to fans in 20 countries.
Recall that in April, American rapper Snoop Dogg announced digital marijuana farms in the MOBLAND metaverse.
Formerly NFT avatar project Genies has closed a $150 million funding round led by Silver Lake.
Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
