Rario, a cricket NFT platform secures $120 million in found headed by Dream Capital

Dream Capital's first investment in Web3 and the ninth firm in its portfolio is the cricket NFT platform.

Rario, a cricket NFT platform based in Singapore, has received $120 million in funding headed by Dream Capital. Alpha Wave Global was also a member of the Series A financing round.

Animoca Brands, Presight Capital, and Kingsway Capital are among Rario's current investors.

Rario tweeted on Thursday,

"We are thrilled to announce that we have raised $120M Series A Funding led by Dream Capital....."

"With Dream Capital's investment, Rario gains access to Dream Sports' 140 million customers in India, who will be offered FIAT-only goods, potentially creating the world's largest cricket NFT platform," Rario stated.

Since its inception in 2021, the project has sold over 50,000 NFTs in 20 countries, with the United States, United Kingdom, Australia, and India serving as the company's primary markets.

Rario is a digital collectibles platform for cricket lovers built on the Polygon network. Members can "collect, trade, and play using legally sanctioned cricket NFTs on the blockchain," according to the website.