Dream Sports-backed cricket non-fungible token (NFT) platform Rario will launch its marketplace in August, after abruptly halting trading in March amid regulatory uncertainty surrounding virtual digital assets.
It has also transitioned out of Polygon to its own private blockchain, called Rario Chain, senior executives said at a live interaction on the Discord messaging platform Monday.
Rario raised $120 million led by Dream Capital, the corporate venture capital and M&A arm of Dream Sports, in April this year. The strategic investment by Dream Capital gives Rario access to the 140 million user base of Dream Sports.
Singapore-based Rario was founded by Sunny Bhanot and Ankit Wadhwa amid a global boom in NFTs and cryptocurrency. Last year in August, Rario partnered with Polygon to mint digital collectibles of cricketers Zaheer Khan, Smriti Mandhana, Shefali Verma, Shakib Al Hassan and Faf du Plessis. Those collectibles will move to Rario Chain and all new NFTs will also be on the...
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