Web3 gaming startup Unagi gets funding

Web3 gaming company Unagi today announced a €4.7 million ($5 million) seed round of funding, as the French startup prepares to expand its NFT fantasy sports platform beyond football (“soccer”) and into the basketball realm.

Unagi said that its user base has now flown past the 220,000 mark, a trajectory that led crypto giant Binance to invest $4 million in the startup back in November via its VC and accelerator off-shoot Binance Labs, though this constituted a private token sale, rather than an equity investment — Binance bought $4 million in Champ Tokens. At the same time, Binance also confirmed plans to deploy Ultimate Champions on the Binance-led BNB Chain, something that Unagi confirmed today quietly happened in late January.

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