Fast Break Labs Announces $6M Seed Round to Build the VBA, the Basketball League of the Metaverse

The Fast Break Labs and VBA team is proud and grateful to share the close of our seed round from some of the best investors and builders in gaming, blockchain, and sports.

This round of funding was co-led by Patron and Pantera, with participation from Collab+Currency, Solana Ventures, and South Park Commons.

As part of the round, we’re also thankful to acknowledge several notable angel investors, including Brooklyn Nets owner Joe Tsai’s Family Office (Blue Pool Capital), Sacramento Kings co-owner Aneel Ranadive (Managing Director of Soma Capital), Marc Merrill (Co-Founder of Riot Games), Ryan Spoon (COO of Sorare), John Robinson (President and COO of 100 Thieves), Thomas Vu (Head of Creative at Riot Games), Jason Choi (GP at Spartan Group), and Wengie Huang (Co-Founder of Nyan Heroes), to name a few.

Investor Quotes

“The intersection of crypto, games, and sports presents an incredible amount of potential. We are confident that this amazing team, with its deep passion for web3 and basketball, will build a compelling experience that will delight all players and fans of the space.”

Brian Cho, Co-Founder and General Partner at Patron

“Pantera is proud to support Fast Break Labs and its vision to democratize the ownership, control, and economics of sports gaming. As a fantasy sports enthusiast myself, I am excited to see this group continue to elevate engagement across the intersection of collectibles, sports, and gaming on the blockchain.”

Paul Veradittakit, Partner at Pantera Capital

Thank You and Looking Ahead

Although so much work has already been poured into Fast Break Labs and the VBA, this signifies one of the first big steps toward fulfilling our vision and creating a uniquely fun experience for basketball fans everywhere. With this round of funding, we plan to continue expanding the team, accelerate our game development, and continue growing our early community.

season0…

We’re grateful for your early support and can’t wait to have you join us for our playable alpha. VBA season0 tips off in June, with our first player packs dropping in March. We’re looking to shape the early game with community members who are passionate about basketball and Web3 sports ownership. Ready to join the front office? Let’s go.

About the VBA

The VBA is the basketball league of the metaverse, where users can build the team of their dreams, compete for glory, and win real rewards. In the VBA, GMs will build their rosters by drafting and trading collectible, fictional athletes — each with unique attributes and skill levels. Aspiring GMs will also have the opportunity to bridge the real and digital worlds and craft original storylines for their VBA players. Read more in detail here.

Join the VBA Community:

Discord: www.discord.gg/vbagame

Twitter: https://twitter.com/vbagame

VBA Website: www.vbagame.com

Medium: https://vbagame.medium.com/

Reddit: https://www.reddit.com/r/vbagame/

Fast Break Labs Website: https://www.fastbreaklabs.com/