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

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”.

Interpretation of this information:

Kratos, an Indian Web3 game studio, has managed to secure US $20 million in seed round financing at a valuation of US $150 million. The funding was led by Accel and saw participation from other major investors including Prosus Ventures, Courtside Ventures, Nexus Venture Partners, and Nazara Technologies. Along with the financing, Kratos also acquired DAOIndiGG, a subsidiary of YieldGuild Games DAO through the exchange of tokens, indicating that existing token holders will receive new Kratos tokens at a future date.

This move is a strategic one as it opens up new opportunities for Kratos to expand its Web3 game offerings in India and other parts of the world. The gaming industry has undergone a significant evolution over the years, and with the rise of Web3 technology, the potential for innovation is even greater. Web3 technology connects gaming experiences to the broader world of decentralized finance (DeFi), creating immersive and interconnected virtual economies. As one of the early movers in this space, Kratos has the potential to develop niche gaming experiences that are more engaging and financially rewarding for its users.

This funding will help Kratos build on its existing offerings and continue to innovate in the Web3 gaming space. The company’s vision is to democratize gaming by creating an ecosystem where players can participate in the development and growth of the platform. This approach will allow users to create content, develop applications, and provide feedback, ultimately leading to a richer gaming experience for all.

In conclusion, the financing and acquisition of DAOIndiGG demonstrate Kratos’ commitment to exploring and embracing the potential of Web3 gaming. By leveraging the latest advancements in technology and engaging with its users to co-create content, Kratos has the potential to create immersive virtual worlds that not only entertain but also empower players. As more investors and players become interested in the possibilities of Web3 gaming, Kratos is poised to grow and become a leading player in this rapidly evolving segment.