Here's your weekly review on what happened at the intersection of NFTs and Sports:
- 🏏 Cricket marketplace FanCraze raises $100M in Series A
- ⛷️ NFTs for the FIS Ski Jumping World Cup
Let's have a closer look! 👀
It's been a relatively calm week in the Sports NFT world, resulting in only two notable news for this issue.
🏏 Cricket marketplace FanCraze raises $100M in Series A
FanCraze, "the Flow-based NFT marketplace for official cricket collectibles has raised $100 million in Series A funding, Bloomberg reported on Friday. As per the report, the round was led by B Capital Group and Insight Partners, with participation from South Korea’s Mirae Asset. Sources familiar with the matter also said that international soccer superstar Cristiano Ronaldo was one of the investors. (...) FanCraze made its debut into the NFT space in 2021. The startup inked a deal with the International Cricket Council (ICC) to launch exclusive cricket NFTs on the Flow blockchain, the same blockchain powering the popular NBA Top Shots collectibles."
⛷️ NFTs for the FIS Ski Jumping World Cup
"For this year’s finals of the FIS Ski Jumping World Cup in Planica, OC has prepared an exclusive and limited collection of unique hand drawn portraits of the best ski jumpers in the world uniting ski jumping fans and NFT fanatics all over the globe. (...) A week earlier before the official start of Planica, from 18th March until the end of the competition, anyone will be able to participate and bid for the digital artworks: the PLANICA NFT SKI JUMPERS COLLECTION 2022.
The projects creators' aim with the collections is to help the sport and to give something back to the athletes. All funds raised during the auction will be donated back to the sport — 33% directly to the athletes as a reward, 33% to their national ski associations for development of young talents, and 33% to the organizing committee of Planica for development of the sport. To date, more than 50 illustrations of athletes have been gathered in the collection."
🤓 Wrapping it up
So what have we learned in this week's issue?
- FanCraze might emerge into one of the top NFT platforms. While it's mostly Dapper Labs, Sorare and Candy Digital in the spotlight, the cricket platform seems to develop into a cricket NFT powerhouse. $100m investment from notable investors underline the ambitions in a sport that knowingly has a massive fan base. One to watch!
- NFT collections can be used to develop a sport. The FIS example not only shows a dedication to detail, with great looking hand drawn art, but also aims to give back to the sport as a whole. A very notable approach that others should use as a good example.
And that's it for this weeks issue! And as always: Feel free to reach out for feedback and to discuss all things NFT and sports! To stay up to date: Make sure to follow us on Instagram and Twitter for stats, drop announcements and more.