- Fanzee raised $2 million in funds to develop its sports fan ecosystem.
- Several blockchain investors and angel investors participated in the fundraising.
- Fanzee is a TON-based Web3 gaming platform.
TON-based fan engagement platform Fanzee has raised funds worth $2 million to evolve its sports fan ecosystem.
These funds will help the startup platform establish closer ties between sports clubs and fans through a series of new programs that strengthen memorable experiences. This will in turn help Fanzee, making it the industry’s preeminent sports fan engagement platform.
Contributing to their funds, a string of blockchain investors, as well as several notable angel investors, participated in the private round. Meanwhile, TONcoin.fund, a $250 million fund that invested in building Fanzee on the TON ecosystem, led the funding round alongside venture studio First Stage Labs. Other investors are MEXC Pioneer, Huobi, KuCoin Ventures, VLG Digital, Orbs.com, 3Commas, and Hemma.
Ajay Jojo, CEO of Fanzee, remarked in context to the fundraising:
It is an honor to be backed by some of the brightest minds in the web3 movement as we build on the TON ecosystem which will provide immense value to millions of sports fans through utility-based digital assets.
Jojo added, “We are thrilled to begin the next chapter in our journey to reimagine fan engagement in sports and entertainment. It is an exciting time to be at the forefront of innovation in the intersection of sports and blockchain technology where our values of being product- and fan-first will shine through.”
Moreover, General Counsel at TONcoin.fund Mark Chadwick believes that Fanzee could be a game changer for sports organizations as their focus is “to help bring sports fans to the forefront of the game and engage with them in a way that has just not been possible before.”
Fanzine deploys several advanced gamification mechanics that tap into blockchain technology. These include digital collectibles, rewards-based quizzes, fantasy management games, Fanz Leaderboard (club and global), club tokens, and NFT tickets.