Minute Media has raised “tens of millions of dollars” in a previously unreported funding round, with participation from sports betting giant FanDuel, its founder and CEO Asaf Peled tells Axios.
Why it matters: The funding will strengthen a years-long partnership as Minute Media seeks to invest more in sports betting, and FanDuel more in content.
Sorare, a French fantasy soccer platform whose "cards" are non-fungible tokens registered on the Ethereum blockchain, raised $680 million in Series B funding at a $4.3 billion valuation led by SoftBank Vision Fund 2.
Why it matters: This is the largest-ever VC deal for a company in the NFT space, which either will prove to be Bitcoin circa 2013 or pet rocks circa 1975.
