Place/Date: - March 18th, 2021 at 3:11 pm UTC · 3 min read
Rage.Fan, a fan-first fantasy & uNFT sports platform, closed a $1.6 million private fundraising round from Genesis Block Ventures (GBV) Capital, X21 Digital, Chronos Ventures, Magnus Capital, Moonrock Capital, AU21 Capital, Spark Digital, Moonwhale Ventures and Momentum 6.
This funding marks Rage.Fan’s entry into the gaming market and will support its ambitious goal of rolling out the world’s first sports Oracle and Geo(u)NFTs to increase sports fan engagement with the platform.
The proceeds of the global-first rollout will be used to develop and institute a blockchain-centric fantasy sports platform. The platform will put the interests of sports fans ahead of platform owners, by providing players with more rewards and governance power than competition.
Globally, fantasy sports is the fastest growing gaming genre because it immerses players into virtual team play that’s based on sports people from the real world, and their actual performance data.
While in the real world top dollar is spent on developing winning teams, in the gaming world most of the revenue goes to the platform owner. Rage.Fan, India’s leading fantasy sports game, will put fans first by leveraging the advantages of its blockchain platform. They include lower entry fees, provably fair and transparent gameplay, and a larger share of rewards for players.
The $RAGE token has multiple utilities and provides holders with more earning opportunities, including:
Satheesh & team, who are leading the charge on Rage.Fan, come with extensive systems and business management experience, and expertise, making them well-qualified to unlock significant value by transforming a traditional centralized business model into a decentralized one.
Rage.Fan is aiming to revolutionize the field by building the world’s first sports Oracle engine. The fantasy sports platform will also be the first launcher of uNFTs (Utility NFT) in the form of Action Cards and the world’s first GeoNFTs platform – tagged to viewership, ownership, and access to specific locations.
Using blockchain technology, Rage.Fan aims to create a permissionless, decentralized and transparent gaming experience, where sports fans can use their skills, knowledge, and situational awareness to earn rewards and feel more connected to the sports they love.