Two startups in the NFT (non-fungible token) industry, specializing in sports, raised €900 million dollars from recent rounds of funding, confirming the sports industry’s great interest in cryptocurrency products.
Canadian Dapper Labs, which makes digital basketball cards, has raised $250 million dollars, with Coatue as the main investor and with the participation of funds such as Bonda and GIG. The 250 million have raised the value of the company to 7.6 billion. dollars – according to Dapper Labs executives who spoke to CNBC.
Still, French Sorare, a fantasy football company, announced on Tuesday that it has raised $680 million dollars, with SoftBank as the main investor. Among the investors at Sorare are the current French international, Antoine Griezmann, and the English former defender Rio Ferdinand.
Thus, the value of Sorare now amounts to 4.3 billion dollars, according to company executives, and it is currently one of the largest startups in Europe.