Kratos Studios, owner of the IndiGG platform, is pleased to introduce its Kratos Games Network program, a strategic initiative that facilitates investments totaling $6 million in game development studios to facilitate the transition from games built for Web2 to blockchain – web3. The company’s goal is to reach an initial group of 10-15 studios by March 2024 and work on an ecosystem of games using the new technology.
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Kratos Games Network was created to offer this program specifically to Web2 game development studios, facilitating the transition of games from the traditional model to blockchain technology. The overall goal of the program is to contribute to the development of the global blockchain game development community. The network’s team will curate a portfolio of top-tier games spanning genres, languages and cultural nuances, and is committed to making these games available on its platform.
Select gaming studios will have access to proprietary blockchain technology solutions developed by Kratos Studio, providing exclusive access to the 1 million-strong global gaming community. The integration of blockchain technology is intended to facilitate monetization, providing a sustainable revenue stream for developers and players.
Manish Agarwal, Founder of Kratos Studios, emphasizes: “Kratos Studios is committed to the gaming community. Our initiative represents a commitment to provide high-quality games and a wider audience in the world of blockchain gaming. With this move, we continue our journey to become the largest global network of blockchain players and games.”
It is worth noting that Kratos has already successfully provided monetization to more than 150 thousand players, receiving rewards worth more than 600 thousand US dollars. The introduction of the “Kratos Games Network” is expected to increase the number of players participating in the platform by more than 100 times.
The Kratos gaming community has a presence in different regions of the world and has international plans to expand its presence beyond India, covering regions such as Latin America, East Asia and Southeast Asia. And Brazil is becoming a strategic market as it accounts for a significant portion of these players’ base, reinforcing the studio’s commitment to supporting emerging markets.
Benefits of moving from Web 2 to Web 3
The transition from Web2 to blockchain technology in the gaming industry offers several benefits. First, blockchain increases player autonomy by allowing them to truly own the assets acquired in games, which can be bought, sold and traded across games and platforms.
Blockchain technology provides transparency and security through decentralized ledger technology, reducing the risk of fraud or centralized control. According to a recent report, the gaming market is expected to reach US$8.6 billion by 2027, up from US$2.6 billion in 2022, at a CAGR of 27%. The global Web3 gaming industry is expected to grow at a CAGR of 18.7% from 2023 to 2033. This not only empowers gamers, but also creates a new economy around gaming.
About Kratos Studio
Kratos Studios is on a mission to make players owners of their data. This allows you to convert your time and skills into income opportunities. Games and gamers use Kratos products to create meaningful exchanges of value. Kratos Studios operates under the IndiGG brand in India, Brazil and Southeast Asia.
About IndiGG
IndiGG is a blockchain-based gaming community (DAO) that creates distribution channels for global Web3 games in emerging markets. IndiGG starts in South Asia and aims to leverage the available time and skills of over 500 million gamers to transform South Asia into the world’s digital product factory. This will create huge income opportunities for players and a huge influx of funds into the government coffers. Visit our official website, Discord or Twitter.
About the founders
Manish Agarwal: Manish Agarwal is an IIM-A and NIT-W alumnus and joined India’s nascent gaming ecosystem 15 years ago after successful stints at Hindustan Unilever and Microsoft, among others. As the CEO of Nazara, he was the driving force in creating India’s first and only publicly traded gaming company. Manish has also served as co-chairman of the IAMAI Gaming Council and coordinator of the FICCI Gaming Committee.
Ishank Gupta: Ishank Gupta is an IIT-Bombay & Wharton alumnus who has led and advised consumer companies in China, UK, South Africa and India over the last decade. During his time at large global companies such as AB InBev and BCG, he built and led cross-functional and diverse teams. It actively invests in early-stage consumer-facing and blockchain-focused businesses.
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Source : Married Games
