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Blockchain

Ronaldo Among Participants in Cricket NFT FanCraze’s Fundraise

FanCraze is elevating round $100 million in a brand new funding spherical from backers, together with Cristiano Ronaldo, sources accustomed to the matter advised Bloomberg.

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The Series A funding spherical for the web buying and selling platform formally licensed for digital cricket collectables, led by enterprise capital companies B Capital Group and Insight Partners. 

The funding spherical for the beforehand identified Faze Technologies has additionally attracted South Korea’s Mirae Asset, sources mentioned.

They additionally added that an announcement might be made in the approaching weeks, and particulars of the fundraising, equivalent to dimension, might nonetheless change as deliberations proceed.

According to Bloomberg, additional particulars and feedback are but to be made by the businesses concerned in the funding spherical.

FanCraze was co-founded in 2021 by Stanford University alumnus and former funding banker Anshum Bhambri and two others.

The firm’s journey into the digital cricket collectables began after it received a partnership take care of the International Cricket Council, the game’s official governing physique.

The partnership allowed FanCraze to create unique cricket non-fungible tokens on the Flow blockchain.

According to its web site, FanCraze launched its first packs of NFTs and launched {the marketplace} in January.

A press launch on Dapper’s web site confirmed that FanCraze raised $17.4 million in seed funding led by Tiger Global Management, with participation from Coatue and Sequoia Capital India and Dapper Labs final 12 months.

Image supply: Shutterstock

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