In a bid to expand its reach beyond the Indian subcontinent, Cricket fans are getting a chance to get into the virtual world through FanCraze. The startup has secured a partnership with the International Cricket Council to bring authentic non-fungible tokens and other collectibles from the ICC archives to its users. The game has gained a lot of traction in recent months and is expected to launch at the end of this month.
Despite the fact that FanCraze has been around for a few years, its current focus is on building an online platform that allows cricket fans to trade NFTs, interact with cricket players, and earn rewards. With its recent announcement, investors like CR7 and B Capital have been investing in the project. Its recent partnership with Tech Mahindra has significantly boosted the company, as the firm focuses on bringing the game's digital realm to the masses.
In addition to the partnership with ICC, the startup has partnered with other VCs and companies to create ICC Crictos, which are digital collectibles. The virtual cricket players can be traded on secondary marketplaces and can be used to buy and sell NFTs. Meanwhile, the company is also creating a play-to-earn gaming experience for cricket fans. Its play-to-earn mechanics allow fans to earn reward points and use these to craft NFTs. This will create a digital economy for fans of the sport.
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The company is also planning to expand its partnership with Tech Mahindra. The new funding will be used to expand the metaverse and partner with other cricket teams. The startup's founders plan to provide its members with access to their favourite cricketer through various applications. Among these are play-to-earn games and real-world utilities. Other applications will enable fans to have a VIP hospitality box experience and interact with their favorite cricketer.
Tech Mahindra has recently raised $50 million in a funding round. The new capital will be used to expand the metaverse to support its partners. The newly-raised funds will be used to improve the user experience. They are also planning to develop the metaverse's monetization opportunities. It will also help to attract more fans and build a community. As a result, the upcoming investment will be a major boost to the growth of the crypto industry.
Using the ICC Crictos, cricket fans will be able to enter the virtual world. They will be able to interact with their favorite cricketer or watch them play live matches. They will also be able to play to earn games. In the future, the company plans to make use of the new technology to promote its partnerships. Moreover, the investment will help the company to develop a robust infrastructure.
The company has also raised a funding round led by Tech Mahindra. The newly raised funds will be used to expand the metaverse for the cricket partners. The new capital will also be used to improve the app. The startup has already launched beta versions of the app in India. Axie Infinity has also contributed to the development of FanCraze's metaverse.
The newly raised capital will be used to expand the metaverse. The money will be used to bring cricket fans into the game. ICC Crictos will also be sold in packs. The company is working with CR7, who has a number of upcoming projects in the blockchain. This will give these teams a huge platform to launch and grow. These startups will be able to build a successful metaverse.
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