Indian Web3 game studio, Kratos, acquires DAOIndiGG and secures $20 million in seed round financing

02/23/2023 01:09 • Metaverse Matters • 83 views

It is reported that Kratos, an Indian Web3 game studio, completed a seed round financing of US $20 million at a valuation of US $150 million, with Accel leading the investment, Prosus Ventures, Courtside Ventures, Nexus Venture Partners, and Nazara Technologies participating in the investment, and also acquired DAOIndiGG, a subsidiary of YieldGuild Games DAO through token exchange, which means that the existing INDI token holders will be exchanged for new Kratos tokens, “The new token will be launched within 12 months”.

Web3 game studio Kratos completed $20 million seed round financing with $150 million

Analysis based on this information:

Kratos, an Indian Web3 game studio, has successfully completed a seed round financing of $20 million, led by Accel and with participation from diverse investors like Prosus Ventures, Courtside Ventures, Nexus Venture Partners, and Nazara Technologies. The company’s current valuation after the investment is $150 million, which highlights the investors’ confidence in Kratos’ potential as a leading game studio in the online gaming space.

In addition to securing the funding, Kratos has also acquired DAOIndiGG, a subsidiary of YieldGuild Games DAO, through a token exchange. This means that the existing INDI token holders will exchange their tokens for new Kratos tokens, which are expected to be launched within 12 months. This acquisition and token exchange are significant moves that will strengthen Kratos’ position in the gaming industry, as it continues to innovate and offer cutting-edge games in a rapidly evolving market.

Kratos has been making waves in the online gaming industry with its innovative blockchain-based gaming platform that allows gamers to earn real-world rewards while playing. This unique approach to gaming has attracted a strong following, and Kratos has quickly become a leading Web3 game studio in India. The company’s success can be attributed to its focus on creating immersive gaming experiences that are fun and rewarding for players, while also leveraging the power of blockchain technology to improve transparency, security, and user engagement.

The acquisition of DAOIndiGG and the launch of a new token highlight Kratos’ commitment to further expanding its platform and offerings in the gaming market. The company is setting itself apart from traditional game studios by leveraging blockchain technology and innovative game mechanics to create a new type of gaming experience that is more engaging, rewarding, and accessible to players.

In conclusion, Kratos’ successful seed round financing and acquisition of DAOIndiGG demonstrate the company’s strong position in the Web3 gaming space and its commitment to further growth and innovation. With the new funding and token exchange, Kratos is poised to take its gaming platform to the next level and continue delivering innovative, rewarding games to players worldwide.

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