Into the Metaverse (But Not Adidas’)
Apr 15, 2022
• 10
Min Read
Venture Capital Deals
Swoops is an NFT-based fantasy basketball game where each basketball player is minted as an NFT that can be purchased, traded, staked, etc. The startup raised $3.5 million in a Series A led by Courtside Ventures and Alpaca VC. Other participants in the round included Slow Ventures, Red Beard Ventures, and a few individual investors like Jason Robins, the CEO of DraftKings. An important note, this game is not partnered with the NBA or any professional sports team. The NFTs are purely digital and face off in RNG (random number generator) games to algorithmically play ou...