According to official news from ChainCatcher, the sports metaverse platform Bitball announced the completion of a $5 million Series A financing round, led by IntelligentCricket and Neon Eight Group, bringing the total financing amount to $7 million.
The funds will be used to expand its AI-driven sports game ecosystem and develop a 3D cricket game based on real-time sports data, which is expected to be launched in the second quarter of 2025. Bitball has attracted more than 5 million users since its launch in December 2023. It plans to hold a BALL token generation event (TGE) in the fourth quarter of 2024.
According to the Web3 asset data platform RootData, Bitball is a sports metaverse platform that integrates GameFi and SocialFi elements. It uses Web3 technology to closely connect sports stars, clubs, institutions and fans, providing a new digital experience and virtual space.