Babel
Babel
Yubi

Anyone knows what happened at Rario? Founders leaving now.

techcrunch.com

Dream11-backed NFT startup Rario founders to leave a year after $120M funding | TechCrunch

The two founders of Rario, the cricket NFT startup in which India's Dream11 led a $120 million fu...

Dream11-backed NFT startup Rario founders to leave a year after $120M funding | TechCrunch
14mo ago
Neo69
Neo69
InMobi14mo

Web3 is just over. No web3 start-ups have good investable metrics to show anymore

LooseGoose
LooseGoose
Stealth14mo

It's just a bear market affecting web2 as well. NFTs are still trading, blockchains still running. PMF is hard to find for products and platforms in an industry which is less than 20 years old and is evolving rapidly.

That's why blockchains and protocols get much more capital allocation.

JadeArgent
JadeArgent
Independent Law Practice14mo

I would disagree on that

With respect to Rario, I'd heard they'd been facing some compliance issues a while back. I think they probably went unresolved

I also think they probably overspent - complete speculation - but I don't see why they needed a 10 member ex - Uber legal team, they'd have cost QUITE a LOT

babubhaiya1256
babubhaiya1256
Noon14mo

Not making any money. Users in India are not ready to pay high ticket size for the confusing fantacy game.

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