Kratos Completes $20M Seed Round and Acquries DAOIndiGG
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 leadin…
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
Interpretation of the news:
Kratos, a leading Indian Web3 game studio, has completed a seed round financing of $20 million, with Accel leading the investment, Prosus Ventures, Courtside Ventures, Nexus Venture Partners, and Nazara Technologies participating in the investment. The company has also acquired DAOIndiGG, a subsidiary of YieldGuild Games DAO through token exchange. The existing INDI token holders will be exchanged for new Kratos tokens, and the new token will be launched within the next 12 months.
The investment round shows the growing interest in the gaming industry, especially in the Web3 space, as gaming continues to move more towards blockchain-based solutions. Kratos is positioned to benefit from this trend, as it has extensive experience in developing blockchain-based games and has created a number of popular games that have earned it a loyal fan base.
Kratos’ acquisition of DAOIndiGG is also significant, as it will allow the company to expand its presence in the Indian gaming market. DAOIndiGG is a leading player in the Indian gaming market, and its acquisition will give Kratos access to a large user base and a wealth of new opportunities.
By acquiring DAOIndiGG, Kratos has also demonstrated its commitment to innovation and growth. The company is continuously looking for new ways to improve its products and services, and the acquisition of DAOIndiGG is part of that effort.
The decision to launch a new Kratos token within the next 12 months shows the company’s dedication to the Web3 space and its desire to develop new solutions that will enhance the gaming experience. The new token is expected to be a major driver of growth for Kratos, as it will allow the company to expand its reach and offer new products and services to users.
In conclusion, Kratos’ seed round financing and acquisition of DAOIndiGG are significant developments in the gaming industry. The company is well-positioned to benefit from the growing interest in Web3 gaming and is committed to innovation and growth. The launch of a new Kratos token within the next 12 months is a major development and is expected to drive significant growth for the company.
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