FanCraze is Set to Launch Player NFT Cards for Four IPL Teams

Web3 company FanCraze Technologies is set to launch player NFT cards for IPL teams for the metaverse

FanCraze is set to launch player NFT cards for four IPL teams: US-based web3 company FanCraze Technologies Inc is set to launch player cards of four Indian Premier League teams – Chennai Super Kings, Delhi Capitals, Rajasthan Royals, and Lucknow SuperGiants – for the metaverse.

According to Mint, the company had earlier launched products like video moments 'ICC Crictos' and 'FanCraze Flash' (own-to-play gaming experience) in cricket. It said owning these cards will allow fans to connect to their favorite IPL teams and they could build a collection and trade cards etc.

As part of this launch, FanCraze will add Rajasthan Royals and Lucknow SuperGiants to its roster of partners that include IPL teams Chennai Super Kings and Delhi Capitals, the International Cricket Council, the Asian Cricket Council, Cricket West Indies, Virat Kohli, MS Dhoni, Rohit Sharma, and 30 other players from the sport.

In March this year, the company raised $100 million in a funding round which was led by private equity and venture capital firm Insight Partners and saw participation from B Capital. In 2021, it also had a $17.4 million seed round led by Tiger Global. That one saw participation from Coatue, Sequoia India, and Dapper Labs, among others.

Anshum Bhambri, CEO of the firm said, "We continue to pioneer innovations in sports-based digital collectibles adding to our cricket marketplace. We're excited to be partners with the teams to launch Indian cricket's first digital collectibles." The first edition of the cards will go on sale this month, he added.