Cricket NFT startup Rario raises $120M in Series A funding
On Thursday, cricket nonfungible token (NFT) platform Rario announced that it secured $120 million in Series A funding in a round led by Dream Capital, the venture subsidiary of Dream Sports. As told by Rario, it currently has the largest share of cricket NFT rights via partnerships with six international cricket leagues and a roster of over 900 cricketers.
Dream Sports is a sports technology company based in India with more than 140 million users. Through this partnership, Rario can potentially increase its exposure to a much larger audience.