Social game developer GreenPark Sports has announced a $31 million Series B funding round led by Terraform Capital, including existing investor Galaxy Interactive, new investor FTX associate Alameda Research, and others. The investment will support the company in its first non-fungible token (NFT) drop.
Founded by three former CEOs of major platforms, Chad Hurley (Youtube), Nick Swinmurn (Zappos) and Ken Martin (Blitz marketing), the startup aims to create a virtual sports universe or metaverse.
Through GreenPark’s platform, fans create a character-like avatar and use it to interact with other users and participate in experiences provided by the app. Fans can compete against each other in predicting game outcomes based on data provided by GreenPark, play mini mobile games, digitally socialize with other avatars, and earn rewards based on the games and prediction performance.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
