Non-fungible token (NFT) sports marketplace Rario has closed $120M Series A funding round.
The investment round was led by Dream Capital with participation from Corporate Venture Capital, M&A Dream Sports and Alpha Wave Global. The startup was previously 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 gives 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.
