Cricket NFT Platform Rario Generates $120 Million in Funding Round

Ontology announced that it has raised a total of $120 million in its equity capital. The round was led by the China-based Danhua Capital, with participation from other traditional VCs like Sequoia and IDG Capital Partners. Ontology is building on top of their NEO blockchain to provide wallet services for digital assets using the ONT coin as payment.

The “nft cricket marketplace” is a platform that allows players to trade and buy and sell digital assets. The platform has raised $120 million in funding from investors, including the likes of the NBA, MLB, and Spotify.

Rario, a cricket-based NFT platform, has announced a $120 million Series A fundraising round. The financing was headed by Dream Sports, Dream Capital’s corporate venture capital arm, with Alpha Wave Global, an asset management business, also participating.

Rario will now have access to Dream Sports’ 140 million cricket-mad user base in India, where it may extend its cricket NFT trading services, thanks to the additional funding and collaborations.

Dev Bajaj, chief strategy officer at Dream Sports, suggested that Dream Capital’s Web3 investment would most likely not be the last: “Web3 uses cases in sports, and we are seeking to support other entrepreneurs in the global sector with utility of NFTs.”

Rario gives cricket fans a platform to own pieces of the sport’s history via NFT player cards, video moments, and artefacts, thanks to an illustrious list of exclusive partnerships that have allowed the platform to claim ownership over the largest share of cricket-centric NFT rights across the globe (while also having official associations with six international cricket leagues and over 900 cricketers).

The platform’s inclusion of a fiat-based payment system, which allows low-barrier methods like credit cards, debit cards, and bank transfers to be utilized to make purchases, is most certainly a crucial role in the platform’s successful distribution of over 50,000 NFTs to sports fans across 20 nations.

 

The “dream capital” is a platform that allows users to trade and collect digital assets. In a recent funding round, the company raised $120 million in investment.

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