ChainCatcher news, the Web3 sports gaming project Bitball announced that it has completed a $2 million strategic financing round, with participation from Bitfun Capital. Bitball will further engage in market development and technological advancement, and will receive a series of resource support from Bitfun Capital.It is reported that Bitball is an innovative 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.

ChainCatcher news, according to TechCrunch, Web3 sports company Sorare has laid off 22 employees in its New York office (about 13% of the total workforce) and plans to move certain teams to the company's headquarters in Paris to improve communication and efficiency. An additional 11 employees in the New York office have been asked to relocate to Paris.Sorare co-founder and CEO Nicolas Julia stated that the company will fill most of the laid-off positions in Paris and plans to hire more than 20 positions in the next six months.

ChainCatcher news, the Web3 sports betting platform Shuffle has completed a new funding round of $2.5 million, with participation from angel investors including Karatage, Cypher Capital, Sunforge (Robbie and James Ferguson), ODA Capital, Web3 Wizards, UpsideDAO, Parc Capital, Baboon VC, as well as Mechanism Capital partner Andrew Kang and Backpack's Tristan Yver.Last week, Shuffle announced key details of the ERC-20 token SHFL distribution plan, with a total supply of 1 billion tokens, an initial supply of 71,126,984.56 SHFL, and a token generation and airdrop event expected to take place in the first week of March.

ChainCatcher news, the Web3 sports prediction market Overtime has officially launched on Arbitrum.It is reported that Overtime is a fully on-chain sports AMM that utilizes Chainlink sports data feeds to obtain odds updates (before the match starts) and final results (after the match ends), which went live in August 2022. According to official data, there are currently 2,800 users, supporting betting on 17 different sports events. (source link)

ChainCatcher news, the Web3 sports gaming platform Ultimate Champions has completed a $4 million strategic financing round, with participation from Binance Labs. Ultimate Champions will be deployed on the BNB Chain and will launch on the Binance fan token platform.It is reported that Ultimate Champions is a completely free cross-league fantasy sports platform that offers an in-game wallet and supports NFT and its tokens for payments. Players can collect, trade, and own officially licensed player cards as NFTs. Ultimate Champions was launched in April 2022, initially focusing on soccer, and will expand into basketball next year. (Source link)

ChainCatcher news, the sports betting protocol BetDEX will launch on the Solana mainnet on November 17, coinciding with the FIFA World Cup in Qatar. Built on the Monaco protocol, users will be able to place bets on football matches, and there will be no fees for betting on World Cup matches.In addition, BetDEX plans to offer betting services for tennis, cricket, and football to customers in 2023. (source link)

ChainCatcher news, Web3 sports startup RealFevr announced the completion of a €10 million financing round, led by Advantage, with participation from Semapa Next, Shilling Capital Partners, and several international football stars. The new funds will be used to expand into global markets.RealFevr launched its football video NFT marketplace in 2021 and has partnered with organizations such as the Portuguese Football Federation to sell video NFTs capturing the highlights of numerous football stars. To date, it has sold over 145,000 video NFTs. RealFevr plans to launch the game FEVR Battle Arena in the coming weeks. (source link)

Chain Catcher news, Web3 sports betting platform HotStreak has completed a $9 million Series A funding round, led by Polychain Capital, with other specific financing details not yet disclosed. (Source link)