Faze Technologies, a cricket NFT platform, has raised $17.4 million in a seed round led by Tiger Global. Coatue, Sequoia Capital India, Dapper Labs, Samsung Next, and Courtside Ventures were among the other investors. The funds will be used to enhance the platform and attract new talent.
Concerning the Investment
Faze Technologies recently received $17.4 million in funding from a variety of investors. This money will be used to improve the platform, make more deals, and hire new employees. Furthermore, Faze has announced a collaboration with the International Cricket Council. The goal is to develop cricket NFTs and launch an NFT marketplace on the FLOW blockchain. It’s fantastic to have the council’s support. It will make it easier to negotiate contracts for teams, players, and so on.
Faze’s thoughts on the NFT Cricket Platform
Faze Technologies has created an NFT platform that will enable users to purchase, sell, and trade cricket-based NFTs. They collaborated with Dapper Labs. They previously collaborated on a similar project, NBA Topshot. This is the obvious comparison to make; even the website appears to be similar. Furthermore, the NFTs will be built on the FLOW blockchain.
Along with Faze, we’ve seen another cricket NFT platform, Rario, which is based on polygons. They debuted earlier this year and are a direct competitor to the more recent Faze marketplace.
Overall, the company’s CEO, Anshum Bhambri, stated:
“Our mission is to create the cricket metaverse.” We are in a unique position to combine NFTs, gaming, financial utilities, and experiences that money cannot buy. Every NFT transaction can be completed in seconds using a mobile wallet or a credit/debit card. There is no need for a cryptocurrency wallet. Making every transaction as simple as possible.”