TechFlow News — Indian Web3 gaming studio Kratos has raised $20 million in a seed round at a $150 million valuation, led by Accel with participation from Prosus Ventures, Courtside Ventures, Nexus Venture Partners, and Nazara Technologies. Additionally, Kratos has acquired IndiGG, a sub-DAO of Yield Guild Games DAO, through a token swap. Existing INDI token holders will receive new Kratos tokens. A co-founder of Kratos stated, "The new token will launch within 12 months."
Founded in September last year, Kratos operates a platform that connects game developers and players, generating revenue from both sides. As part of the IndiGG acquisition, Kratos will continue to develop the IndiGG brand as a gaming DAO.
Previous report: In January last year, IndiGG, India's subDAO of the Philippine-based gaming guild YGG, raised $6 million in a seed round, with participation from Sequoia Capital India. Original link
