FanCraze, the developer of the Non-Alternative Token (NFT) Marketplace, has raised about $ 100 million in new funding from investors, including global football icon Cristiano Ronaldo. .. A series A round, led by venture capital firms Insight Partners and B Capital Group, is expected to be completed in the coming weeks and may change in size as discussions continue. Formerly known as Faze Technologies, the platform is also a potential investor in Mirae Asset Financial Group, a South Korean-based financial services company.
According to a Bloomberg report, the financial details and vision set for fun have not yet been officially announced by FanCraze or the companies involved in the funding round.
Founded in 2021, FanCraze was co-founded by Stanford University graduates and former investment banker Anshum Bhambri and two others.
After working with the International Cricket Council (ICC) to develop the Cricket NFT Marketplace, the company’s journey to digital cricket goods has flourished. This was consistent with FanCraze landing $ 17.4 million in a seed fundraising round.
According to a press release on the Dapper website, the $ 17.4 million seed-funded amount was led by Tiger Global Management, which was attended by Coatue and Sequoia Capital India and Dapper Labs last year.
FanCraze CEO Anshum Bhambri states that the company’s mission is to “create a cricket metaverse,” according to a CoinDesk report. The platform is built on Flow, the same blockchain network that runs the NBA Topshot, a digital collectibles platform that was very attractive last year.
According to its website, FanCraze released the first pack of NFTs and launched the market in January. These NFTs feature Sachin Tendulkar, South Africa’s infamous fumble against Australia, Yubra Dhoni’s unforgettable six six, where MS Dhoni won India six at Wankede Stadium in the 2011 World Cup. It captures some of the most iconic moments of the game, such as hitting the ball. I left the park on a standoff with Pakistan at the 2003 World Cup.