Kratos, Indian Web3 Game Studio, Raises $20M in a Seed Round Funding with Token Acquisition

02/23/2023 01:09 • Blockchain Buzz • 136 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

Interpret the above information:

Kratos, a growing Indian Web3 game studio, has recently completed its seed round financing with a valuation of $150 million, led by Accel as the primary investor, with Prosus Ventures, Courtside Ventures, Nexus Venture Partners, and Nazara Technologies also participating in the investment. Not only that, but Kratos has also expanded its reach by acquiring DAOIndiGG, a subsidiary of YieldGuild Games DAO, through token exchange.

Kratos’ latest funding and acquisition is a clear sign of its efforts to remain competitive in the growing world of Web3 gaming. The fact that prominent investors such as Accel have led this seed round further validates the company’s potential in this industry. Moreover, the acquisition of DAOIndiGG allows Kratos to expand its gaming capabilities further.

The exchange of existing INDI tokens for new Kratos tokens is also an interesting move by the Indian gaming studio. The launch of these new tokens is expected to happen within 12 months. This move could be seen as a way to create a more cohesive and unified token economy within the Web3 ecosystem. Furthermore, this could also incentivize existing INDI token holders to stay and invest more in Kratos.

Overall, it is clear that Kratos is making significant strides in the Web3 gaming industry. Its recent funding round and acquisition of a subsidiary only solidifies its position as a company to watch. Moreover, given the continued growth of the gaming industry and the emergence of Web3, Kratos’ expansion into this space is a smart move that could pay off in the long run.

Title: Kratos’ $20M Seed Round Financing and Token Acquisition Signals Continued Growth in Web3 Gaming

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