The sports metaverse platform Bitball announced the completion of a $5 million Series A financing, led jointly by IntelligentCricket and Neon Eight Group

according to official sources, the sports metaverse platform Bitball has announced the completion of a $5 million Series A funding round, co-led by IntelligentCricket and Neon Eight Group, bringing the total funding amount to $7 million.

The funds will be used to expand its AI-driven sports gaming ecosystem and develop a 3D cricket game based on real-time sports data, expected to launch in the second quarter of 2025. Since its launch in December 2023, Bitball has attracted over 5 million users and plans to hold a BALL token generation event (TGE) in the fourth quarter of 2024.

Additionally, the Web3 asset data platform RootData shows that Bitball is a sports metaverse platform that integrates GameFi and SocialFi elements, leveraging Web3 technology to closely connect sports stars, clubs, organizations, and fans, providing a new digital experience and virtual space.