Game Company Kratos Receives $20 Million Investment

Accel led the round and other investors included Prosus Ventures, Courtside Ventures, Nexus Venture Partners and Nazara Technologies, Kratos said in a statement. The gaming startup also acquired IndiGG, a sub-DAO of the Yield Guild Games DAO, through a token swap. This means that existing INDI token holders will be exchanged for new Kratos tokens.

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"New token will be launched in 12 months"

Agarwal, meanwhile, is the former CEO of Nazara, India's first publicly listed gaming company. IndiGG raised $2022 million in funding in January 6 from investors including Sequoia Capital India, Lightspeed Venture Partners, Variant Fund, Jump Capital, Animoca Brands and Alan Howard. Agarwal noted that Kratos was founded last September and will continue to build the IndiGG brand as a gaming DAO as part of the IndiGG acquisition.

Kratos' business model seems to bring game developers and gamers to its platform, generating revenue from both sides. Ishank Gupta, another co-founder of Kratos, said in an interview "We create on-chain profiles of players as cohorts. We allow game developers to design missions for players. Game developers pay us to list their quests. And players pay us to verify their tasks."