Normally, crypto is used to transact on major NFT marketplaces, but Rario is attempting to provide a framework for transactions and the purchase of NFTs that is compatible with the present legal climate in India
Investment in Rario
After receiving $120 million in a recent Series A fundraising round, cricket-based NFT platform Rario has revealed its expansion agendas. In addition to Dream Sports, Alpha Wave Global, Dream Capital’s corporate venture capital arm, participated in the deal.
Rario will now directly have exposure to Dream Sports’ 140 million cricket fanatics in India, where it can extend its cricket NFT trading services, thanks to the additional funding and collaborations.
Dev Bajaj, chief strategy officer at Dream Sports on Dream Capital’s investment in Dream Sports, said in a statement that, they intend to use Web3 uses cases in sports, and seek to support other entrepreneurs in the global sector with utilities of NFTs.
In addition to having official connections with six international cricket leagues and over 900 cricketers, Rario will also provide cricket fans with a platform to own pieces of the sport’s history via NFT player cards, video moments, and artefacts, all thanks to the platform’s impressive list of exclusive partnerships.
Over 50,000 NFTs have been distributed to sports fans across 20 nations thanks to the platform’s inclusion of a fiat-based payment system, which allows low barrier methods like credit cards, debit cards, and bank transfers to be utilized to acquire NFTs on the Rario platform.
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