kratos

ChainCatcher news, Indian Web3 game studio Kratos has completed a $20 million seed round financing at a valuation of $150 million, led by Accel, with participation from Prosus Ventures, Courtside Ventures, Nexus Venture Partners, and Nazara Technologies. Additionally, it has acquired the sub-DAO IndiGG of Yield Guild Games (YGG) through a token swap, meaning existing INDI token holders will be swapped for the new Kratos token, which will be launched within 12 months.It is reported that Kratos was established in September last year, and its business model brings game developers and gamers onto its platform to earn revenue from both sides. As part of the acquisition of IndiGG, Kratos will continue to build the IndiGG brand as a gaming DAO. (The Block)