Glip, Web3 game discovery and wallet application raises $2.5 million
- ByStartupStory | November 30, 2022
The Bengaluru-based startup Glip has raised $2.5 million in a Pre-Series A fundraising round led by Hashed Emergent, with participation from Beenext and current investor Prime Venture Partners. Glip provides a global Web3 gaming discovery and wallet app. To increase user acquisition and engagement, Glip continues to onboard Web3 games like Axie Infinity, League of Kingdoms, and KOF Arena by Netmarble in an effort to attract millions more gamers to the platform.
The startup will use the funds to grow its 10-person team, introduce new features to its products, and build a larger international community. In order to stay lean, it also adheres to a zero-marketing-burn plan. Tak Lee, Managing Partner, Hashed Emergent said, “Currently, there are two major challenges in Web3 gaming—lack of distribution channels and complex user onboarding. The team at Glip has built a seamless platform to solve both. We are impressed by the team’s agility, foresight, and speed of execution, and are excited to partner with them on their journey to build the ‘Steam’ equivalent for Web3 games.”
CEO and Co-founder Parth Choudhary said, “With $10 billion already deployed, Web3 games are increasing rapidly and getting better by the day, but they are all struggling with user acquisition on Web2 platforms. Our mission is to build the world’s largest Web3 gamer platform.”According to the startup, Glip provides a live platform with over two million active users. Although the team is situated in India, it serves a worldwide clientele. The Web3 startup has so far raised $6 million through several rounds of funding. Prime Venture Partners, Better Capital, iSeed, and numerous angel investors were listed as participants in the seed round. Over seven million people have downloaded the startup’s Android app in Brazil, Southeast Asia, and India. It provides players with brand-new Web3 games, lessons, and missions in addition to competitions. As soon as users log in to the app, they also receive a social login, a non-custodial, multi-chain, and a gasless wallet. Ishan Shrivastava, COO, and Co-founder of Glip added, “We have a pipeline of 100+ games across the world including top publishers. They are all excited by Web3 adoption in emerging markets and will soon get a self-serve dashboard to run campaigns, user feedback, and analytics. Glip will soon cross 100,000 monthly active Web3 gamers.”
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