NFT Platform Rario Raises $120M

NFT Platform Rario Raises $120M

NFT Platform Rario Raises $120M

Non-fungible token (NFT) sports marketplace Rario closed a $120 million Series A funding round.

The investment round was led by Dream Capital with the participation of Corporate Venture Capital, M&A Dream Sports and Alpha Wave Global. Previously, the startup was supported by Animoca Brands, Presight Capital and Kingsway Capital.

Founded in 2021, Rario is an NFT platform dedicated to cricket. The project team has entered into a multi-year exclusive deal with Cricket Australia to create a themed metaverse.

Rario is giving fans the opportunity to own “a piece of cricket history” through digital collectibles. The team claims to have sold more than 50,000 NFTs to fans in 20 countries.

Recall that in April the American rapper Snoop Dogg announced digital marijuana farms in the MOBLAND metaverse.

Formerly NFT avatars project Genies closed a funding round for $150 millionwhich was led by Silver Lake.

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