Non-fungible token (NFTs) sports marketplace Rario has just completed a Series A funding round in which it has raised $120 million.
The investment round has reportedly been led by Dream Capital. In addition, Corporate Venture Capital, M&A Dream Sports and Alpha Wave Global have also taken part.
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It must be noted that the company has previously raised investments from Animoca Brands, Presight Capital and Kingsway Capital.
Rario, which was founded last year, is a cricket-dedicated NFT platform. The project team has signed an exclusive multi-year agreement with Cricket Australia to create a themed metaverse.
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Rario offers fans the opportunity to own "a piece of cricket history" through digital collectibles. The team claims to have sold more than 50,000 NFTs to fans in 20 countries.