Bitcoin
$66,736.26+0.71%
Ethereum
$3,240.77+1.43%
Binance Coin
$607.46+1.60%
Solana
$158.71+2.77%
XRP
$0.54849729+1.16%
Dogecoin
$0.16213224+1.65%
Toncoin
$5.73-5.53%
Cardano
$0.50737095-2.10%
Shiba Inu
$0.00002754+2.71%
Avalanche
$39.13-0.34%
Wrapped Bitcoin
$66,850.75+0.58%
Polkadot
$7.43-0.39%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Countdown to Consensus 2024The largest and longest running event that covers all sides of Crypto and Web 3
35
DAYS
19
HR
37
MIN
15
SEC
Finance

NFT Cricket Platform Rario Raises $120M Round Led by Dream Capital

With the investment, Rario can access Mumbai-based fantasy sports platform Dream Sports and its users to further propel both companies into Web 3.

By Camomile Shumba
AccessTimeIconApr 21, 2022 at 9:12 a.m. UTC
Updated May 11, 2023 at 6:48 p.m. UTC
Cricket (Yogendra Singh/Unsplash)
Cricket (Yogendra Singh/Unsplash)
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Rario, a non-fungible token (NFT) platform for cricket, raised a $120 million Series A round led by Dream Capital, the venture capital arm of fantasy sports platform Dream Sports, to further launch both companies into Web 3.

  • With Dream Capital’s investment, Singapore-based Rario can access Dream Sports’ 140 million users, who will be offered fiat-only products in India.
  • Dream Capital is partnering with Rario to help sports fans engage deeper with their favorite cricket teams, Dream Sports Chief Strategy Officer Dev Bajaj said in a press release on Thursday. Mumbai-based Dream Sports is looking to back more startups globally in the Web 3 space with innovative utilities of NFTs, Bajaj said.
  • Rario is an NFT platform that allows fans to trade officially licensed moments from cricket matches on the blockchain.
  • The company, which was founded in 2021, recently signed a partnership with Cricket Australia and the Australian Cricketers’ Association to create an Australian cricket metaverse.
  • Alpha Wave Global also participated in the funding round and joined existing investors, gaming company Animoca Brands and venture capital funds Presight Capital and Kingsway Capital.
  • Investors have been piling money into India-based cricket NFT platforms. Cricket NFT marketplace FanCraze is raising around $100 million in a Series A funding round Bloomberg reported in March.
VolumeMuteUnmute

The Sandbox Wants to Make India Its Largest Market Within the Next Two Years

  • Sam Bankman-Fried Says He Made 'Mistakes' at FTX; Binance CEO CZ's Fortune Revealed
    02:33
    Sam Bankman-Fried Says He Made 'Mistakes' at FTX; Binance CEO CZ's Fortune Revealed
  • The Sandbox Co-Founder on Launching Elvis Presley NFT Avatars, Future of the Metaverse
    11:06
    The Sandbox Co-Founder on Launching Elvis Presley NFT Avatars, Future of the Metaverse
  • Bitcoin ETFS, Azuki NFTs Take Off; India Presses for Crypto Rules
    25:50
    Bitcoin ETFS, Azuki NFTs Take Off; India Presses for Crypto Rules
  • Animoca Brands Co-Founder on Global Web3 Developments
    10:51
    Animoca Brands Co-Founder on Global Web3 Developments

    • CORRECTION (April 21, 9:45 UTC): Corrects Rario's location in first bullet point, removes "Indian" from headline.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Camomile Shumba
    Camomile Shumba

    Camomile Shumba is a CoinDesk regulatory reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or projects.

    Follow @camomileshumba on Twitter

    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.