Faze technologies nft

faze technologies nft

The funding round also included participation from Sequoia Capital, Coatue, as well as Dapper Labs, Samsung Next, Courtside Ventures, and Vivek Ranadive’s Bow Capital. Sequoia and Tiger Global have invested in many startups, several of which have evolved into unicorns.

The Mumbai-based Faze, founded by Wall Street veteran Anshum Bhambri, IPL founding COO Sundar Raman, and Kushagra Kohli, aims to use the funds towards hiring more people and building its product and user base. The startup, which offers a platform for fans to collect, use, play and interact with cricket through NFTs, has teamed up with the International Cricket Council (ICC) in order to create exclusive digital collectibles (using non-fungible tokens (NFTs)) for cricket to launch on the Flow blockchain.

“We are delighted to be able to continue to provide new ways for fans to celebrate the game we all love.

Faze technologies nft

ICC веб-сайтына сәйкес, оның крикет тарихындағы тамаша сәттердің мазмұнды каталогы Flow блокчейніндегі ең соңғы технологиямен біріктірілген, жанкүйерлерге ICC-тен кейбір ең танымал кадрлардың, ұсталулардың және қақпалардың NFT-терін жинауға мүмкіндік береді.

Крипто крикет әлемінде көріне бастады

2021 жылдың қазан айында ICC жаһандық криптовалюта биржасы FTX-пен көп жылдық мәміледе серіктес болды. Баспасөз кезінде ICC T20 ерлер арасындағы әлем чемпионаты өтіп жатыр және FTX коммерциялық орналастырулары финалда көрсетіледі. Үндістанда крикеттен ерлер арасындағы әлем чемпионаты. FTX келесі екі жылдағы барлық негізгі ICC оқиғаларында көрінеді және ресми криптовалюта серіктесі болып табылады.


The scramble to bring NFTs to sports rolls on.

Faze Technologies announced Wednesday it had secured $17.4 million in seed funding from a bevy of heavy-hitting investors to bring cricket to the blockchain. Faze will partner with the International Cricket Council (ICC) to produce NFTs on Dapper Labs’ FLOW blockchain.

“We are in a unique position to combine NFTs, gaming, financial utilities, and money-can’t-buy experiences to create a platform for fans to collect, use, play, and interact with cricket through NFTs on Flow,” said Anshum Bhambri, CEO of Faze Technologies.

The funding round was led by Tiger Global with participation from Coatue and Sequoia Capital India.

Faze Technologies, a platform for fans to collect, use, play and interact with cricket through nonfungible tokens, has raised $17.4 million (Rs 130 crore) in a seed-funding round, led by Tiger Global with participation from Coatue and Sequoia Capital India.

Dapper Labs, Samsung Next and Courtside Ventures also participated in the round.

Faze has signed a partnership with the International Cricket Council (ICC) to create exclusive digital collectibles (using nonfungible tokens) for cricket to launch on the Flow blockchain. The company will drop its NFTs in the next few weeks and soon after launch a marketplace.

NFTs are a type of crypto asset in which each token is entirely unique. They can be used as a digital certificate of authenticity for any asset, digital or physical.

Faze has entered into a strategic partnership with Dapper Labs which is building similar experiences for sports leagues and federations across the globe.

“We’re excited to be partnering with Faze to launch the ultimate cricket fan experience with the ICC on Flow,” said Roham Gharegozlou, CEO of Dapper Labs. From NBA and WNBA to La Liga, NFL and UFC, we’re seeing sports fans across the globe adopt new dynamic fan-driven experiences on Flow, and I’m eager to see how cricket fans engage with NFTs,” Gharegozlou added.

Also read: Indian Ethereum platform Polygon to invest in Colexion – one of Asia’s largest NFT marketplaces

Shailesh Lakhani, MD, Sequoia India said, “We believe that blockchains and user-centric design can come together to make for never-before-seen social experiences for digitally-native consumers.

Tiger Global with participation from Coatue and Sequoia Capital India.

Other investors including Dapper Labs, Samsung Next, Courtside Ventures, as well as Vivek Ranadive’s Bow Capital also participated in the round. The start-up concurrently announced its partnership with the International Cricket Council (ICC) to create exclusive digital collectables (using non-fungible tokens (NFTs)) for cricket to launch on the Flow blockchain.

Faze is founded by Anshum Bhambri, a Stanford-grad and Wall Street veteran, Sundar Raman, the founding COO of the Indian Premier League (IPL) and ex-CEO of Reliance Sports, and Kushagra Kohli, a serial entrepreneur and graduate of Duke University.

Also read: Big B Amitabh Bachchan’s ’s NFT collection sets the cash registers ringing

“Our mission is to build the metaverse for cricket.

Faze Technologies | Cricket NFT Platform

Founded by Anshum Bhambri (founding operating chief of the Indian Premier League), Sundar Raman (Former Reliance Sports CEO), and serial entrepreneur Kushagra Kohli, Faze Technologies is working to help create a direct connection between the creator and the consumer built on three tenets.

These are:

  1. True ownership and the ability to showcase the NFTs on social media.
  2. Pack buying and peer-to-peer trading experience.
  3. Play-to-earn universe, where the core mechanics and economy are built around owning, crafting and battling of NFTs.

Speaking on the development, Anshum Bhambri said,

“Our mission is to build the metaverse for cricket.

We are in a unique position to combine NFTs, gaming, financial utilities and money-can’t-buy experiences to create a platform for fans to collect, use, play and interact with cricket through NFTs on Flow. Every NFT purchase can be made directly within seconds via a mobile wallet or a credit/debit card without the need for a crypto wallet, to ensure that every transaction is as easy as possible.”

For those who don’t know, NFTs are a type of crypto asset where each token is entirely unique and can be used as a digital certificate of authenticity for any digital or physical asset.

Coming back to the development, the cricket NFT platform has entered into a strategic partnership with Dapper Labs, the firm behind the Flow blockchain.

However, a user can see the probability of how many common, rare, epic, or legendary NFTs there will be in a specific pack.

What are rarity tiers?

Each ICC Faze NFT is assigned a Tier that represents its status and scarcity. There are 6 tiers: Common, Rare, Epic, Legendary, Platinum, and Genesis.

What they said

Finn Bradshaw, ICC Head of Digital said: “We are delighted to be able to continue to provide new ways for fans to celebrate the game we all love.

“Cricket has an outstanding track record of using technology to connect fans with our sport and this is our next evolution, from trading cards to video NFTs where fans can own their favourite plays from ICC events.”

Anshum Bhambri, CEO of Faze Technologies added: “Faze is building the metaverse for cricket.

The startup is founded by Wall Street veteran Anshum Bhambri, founding operating chief of the Indian Premier League and former Reliance Sports CEO Sundar Raman, and serial entrepreneur Kushagra Kohli. It plans to utilise the funds for building product and user base, and acquiring talent.

“Our mission is to build the metaverse for cricket. We are in a unique position to combine NFTs, gaming, financial utilities and money-can’t-buy experiences to create a platform for fans to collect, use, play and interact with cricket through NFTs on Flow.
Every NFT purchase can be made directly within seconds via a mobile wallet, or a credit/debit card without the need for a crypto wallet, to ensure that every transaction is as easy as possible,” said Bhambri, CEO of Faze Technologies.

Faze has entered into a strategic partnership with Dapper Labs, the company behind the Flow blockchain.
Anshum Bhambri, CEO of Faze Technologies.

The new experience is meant to help consumers deep-dive into the most-talked-about plays from ICC events. The product will also give fans a way to be a part of the in-match action.

Faze is aiming to create a direct connection between the creator and the consumer built on three tenets- true ownership and the ability to showcase the NFTs on social media, pack buying and the peer-to-peer trading experience and a play-to-earn universe where the core mechanics and economy are built around owning, crafting, and battling of NFTs, it explained.

Unaiz Kabani, Partner at Tiger Global said, “We’re excited to support Faze and its vision of athletes as artists who create collectable moments through memorable plays on the field.

Cricket has an outstanding track record of using technology to connect fans with our sport and this is our next evolution, from trading cards to video NFTs where fans can own their favourite plays from ICC events,” said Finn Bradshaw, ICC Head of Digital.

It has also entered into a strategic partnership with Dapper Labs.

According to Bhabri, the CEO of Faze, their mission is to build the metaverse for cricket. The metaverse is a concept that has been brought to the forefront by Mark Zuckerberg (something that made Facebook rebrand itself to highlight its focus on building the metaverse).

“We are in a unique position to combine NFTs, gaming, financial utilities, and money-can’t-buy experiences to create a platform for fans to collect, use, play and interact with cricket through NFTs on Flow.

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