NFT platform Rario raises $120 million in Series A funding

The sports NFT marketplace Rario has closed a $120 million Series A funding round.

We are pleased to announce that we have raised $120M Series A Funding led by Dream Capital. With this partnership, we will get access to Dream Sports’ 140M users to potentially build the world’s biggest cricket NFT platform.🏏🏟️ #RarioxDreamCapitalhttps://t.co/roNj9LZDZF

— Rario (@rariohq) April 21, 2022

The funding round was led by Dream Capital with participation from Corporate Venture Capital, M&A Dream Sports and Alpha Wave Global. Earlier, the startup was backed by Animoca Brands, Presight Capital and Kingsway Capital.

Founded in 2021, Rario is an NFT platform dedicated to cricket. The team has signed a long-term exclusive deal with Cricket Australia to create a themed metaverse.

Rario gives fans the opportunity to own a ‘part of cricket history’ through digital collectibles. The team claims to have sold more than 50,000 fan NFTs in 20 countries.

In April, American rapper Snoop Dogg announced farms of digital marijuana in the MOBLAND metaverse.

Earlier, the NFT-avatar-focused project Genies closed a financing round of $150 million, led by Silver Lake.

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