Rario set to reopen with own blockchain

Dream Sports-backed cricket non-fungible token (NFT) platform Rario will launch its marketplace in August, after abruptly halting trading in March amid regulatory uncertainty surrounding virtual digital assets.

It has also transitioned out of Polygon to its own private blockchain, called Rario Chain, senior executives said at a live interaction on the Discord messaging platform Monday.

Rario raised $120 million led by Dream Capital, the corporate venture capital and M&A arm of Dream Sports, in April this year. The strategic investment by Dream Capital gives Rario access to the 140 million user base of Dream Sports.