The NFT cricket platform, Faze Technologies, have secured an estimated $17.4 million round led by Tiger Global. The rest of investors were Coatue, Sequoia Capital India, Dapper Labs, Samsung Next, and Courtside Ventures. The funds are used to further enhance the platform and have new talent.
Faze Technologies has advanced an NFT platform that allows users to purchase, sell and trade cricket-based NFTs. They have cooperated with Dapper Labs. They have already worked on a similar project in the NBA Topshot. This is a clear comparison that needs to be made, even with a website, it looks like. Also, NFTs will be built on the FLOW blockchain.
Next to Faze, we saw another NFT cricket platform with Polygon-based Rario. Released beforehand this year, and they are a clear competitor to the recent Faze marketplace.