USA – Fast Break Labs, a San Francisco, CA-based web3 startup focused on building player-owned sports games, raised $6M in Seed funding.
The round was led by Patron with participation from Pantera Capital. Other participants in the early round include Collab+Currency, Solana Ventures, South Park Commons, and Angel investors Brooklyn Nets owner Joe Tsai’s Family Office (Blue Pool Capital), Marc Merill (Co-Founder of Riot Games), Aneel Ranadive (Sacramento Kings Co-Owner and Founder of Soma Capital), Ryan Spoon (COO of Sorare), John Robinson (President and COO of 100 Thieves), Thomas Vu (Riot Games), Jason Choi (GP at Spartan Group), Wengie Huang (Co-Founder of Nyan Heroes), and others. The company intends to use the funds for growth team, and both the development and deployment of the VBA.Founded in late 2021 by ex-Meta teammates Charles Du and John Wu, Fast Break Labs is a web3 startup focused on building next gen sports games. Its preliminary fan offering is the Virtual Basketball Association (VBA), a basketball management game that allows fans to assemble and collect virtual teams of fictional athletes, strategize as general managers, and compete via real-time, simulated games for rewards. VBA’s Alpha, Season0, is expected to launch in May 2022.27/02/2022
