Rage.Fan, a British Virgin Islands-based fan-first fantasy & uNFT sports platform, raised $1.6m in funding.
Backers included Genesis Block Ventures (GBV) Capital, X21 Digital, Chronos Ventures, Magnus Capital, Moonrock Capital, AU21 Capital, Spark Digital, Moonwhale Ventures and Momentum 6.
The company intends to use the funds to develop and institute a blockchain-centric fantasy sports platform.
Rage.Fan provides a fan-first fantasy & uNFT sports platform providing players with rewards and governance power through the blockchain. The $RAGE token has multiple utilities and provides holders with more earning opportunities, including:
- Staking tokens
- Game mining by earning higher rewards for playing more
- Social media mining by promoting Rage.Fan
- Referral mining by referring others
- Virtual mining by participating in virtual games
The fantasy sports platform will also be the first launcher of uNFTs (Utility NFT) in the form of Action Cards and the GeoNFTs platform —tagged to viewership, ownership, and access to specific locations.