August 21, 2024
Fanton Fantasy Football, a blockchain-based fantasy sports platform integrated into Telegram, has successfully raised $1 million in seed funding. This investment round saw participation from prominent blockchain and venture capital firms such as Animoca Brands, Delphi Ventures, and Kenetic Capital. Additional support came from Hashkey x TON Accelerator, PAKA Fund, and Sign VC. This funding highlights Fanton’s innovative approach to combining fantasy sports with advanced blockchain technology within the TON ecosystem.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
Fanton Fantasy Football | $1M | August 21, 2024 | Seed Round | Animoca Brands, Delphi Ventures, Kenetic Capital | Gaming |
Tommy Shaughnessy, Founding Partner of Delphi Ventures, expressed excitement about supporting Fanton in bringing Fantasy Football to Telegram’s 950 million users. He highlighted Fanton’s ability to tap into the global demand for fantasy soccer, combining Telegram’s reach with crypto incentives to offer fans a more engaging experience.
Yat Siu, Co-Founder and Executive Chairman of Animoca Brands, praised Fanton’s innovative integration of fantasy sports with blockchain technology within the TON ecosystem. He noted that this investment aligns with their vision of promoting the growth and widespread adoption of Web3 gaming experiences.
Jehan Chu, Co-Founder and Managing Partner of Kenetic, emphasized that Fanton merges Telegram’s reach and virality with the transformative benefits of blockchain-based fantasy football. He pointed out that tokenizing rewards and creating transparent games lead to fairer competitions, larger prize pools, and quicker, easier monetization of winnings compared to traditional fantasy football leagues.
With new capital and strategic support from top industry names, Fanton is set to further its innovative growth in the GameFi and fantasy sports sectors. The funds will be used to improve platform features, broaden market reach, and deepen blockchain integration, providing users worldwide with a more immersive and rewarding experience.
About Fanton Fantasy Football
Fanton Fantasy Football is a platform where you can play fantasy football games directly within Telegram. You can create teams using player cards, including NFTs, and compete in various tournaments. The platform offers features like player duels, earning trophies, and winning $FTON tokens. It’s designed to make watching and playing fantasy football more engaging and rewarding.
Website: https://fan-ton.com/
About Investor
This investment round saw participation from prominent blockchain and venture capital firms such as Animoca Brands, Delphi Ventures, and Kenetic Capital. Additional support came from Hashkey x TON Accelerator, PAKA Fund, and Sign VC.
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