NFT platform Rario’s FY23 losses widen more than ten-fold to Rs 560 crore

Backed by real money gaming firm Dream Sports, Rario’s operating revenue grew to Rs 39 crore in FY23, compared to Rs 1 crore a year earlier, according to filings made by the firm’s holding entity Digital Collectibles based in Singapore. Rario’s total expenses jumped over 12 times to reach Rs 599 crore in FY23.