Rarespawn Ventures
Rarespawn Ventures x Spectral
SINGAPORE, Aug. 20, 2024 (GLOBE NEWSWIRE) — Rarespawn Ventures and Spectatr today announced they have signed a Memorandum of Understanding (MOU) to develop an innovative fantasy platform that will enhance fan engagement for gaming, sports and esports fans around the world. The partnership combines Rarespawn Ventures’ extensive industry expertise and distribution network with Spectatr’s technical proficiency in product development and customization.
Rarespawn Ventures, a next-generation entertainment group and global venture builder, will leverage its subsidiaries and strong distribution network to promote and market the upcoming fantasy platform, while ensuring full compliance with all regulatory requirements to ensure a seamless fan experience.
Spectatr, known for its AI-powered solutions in the sports and esports industries, will lead the development and operations of the fantasy platform. The company will also customize the platform to meet regional market demand as part of the project’s go-to-market strategy.
The partnership comes at a time when the global online fantasy gaming market is experiencing rapid growth, projected to achieve a compound annual growth rate (CAGR) of 21.2%. Forecasts suggest the market size is expected to grow from $74.7 billion in 2023 to $419.9 billion by 2032.1
“We are excited to embark on this venture with Spectatr, whose immersive platform that blends fantasy gaming, sports and esports will redefine entertainment,” said Samson Oh, CEO of Rarespawn Ventures. “By combining Spectatr’s expertise in crafting customized gaming experiences with our industry-leading distribution channels, we will be well positioned to deliver a next-generation entertainment platform to fans around the world.”
“We are excited to collaborate with Rarespawn Ventures in developing a groundbreaking new-age product and bring an innovative, interactive fantasy platform to the market,” said Rishabh Bhansali, Founder of Spectatr. “By combining our extensive experience in developing fan engagement solutions with Rarespawn Ventures’ deep industry knowledge, we aim to significantly enhance the overall fan experience and set a new industry standard for fan engagement.”
About Rarespawn Ventures
Rarespawn Ventures is a next-generation entertainment group and global venture builder connecting gaming, esports and entertainment through cutting-edge technology, premium content and strategic media solutions. Rarespawn Ventures is the holding company for Dynamite Games, GosuGamers, Cargo Studio and Decentralised Gaming Ventures. For more information, please visit https://rarespawnventures.com/.
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About Spectatr
Spectatr is a dynamic sports technology innovation company driven by user-centric engagement. Our goal is to provide immersive viewing solutions for sports and esports enthusiasts. Our products span fantasy, AI-driven content solutions, on-stream engagement and more. For more information, please visit http://www.spectatr.gg.
Media Contact
Shawn Leon
PR & Communications Manager
Rarespawn Ventures
(e): shaun.leong@rarespawnventures.com
(Tel): +65 9199 1606
1 Straits Research. “Online Fantasy Gaming Market Size, Share and Trends Analysis Report.” Available at: https://straitsresearch.com/report/online-fantasy-gaming-market.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9a71038f-34b5-4074-a480-867c28c6e429