Kratos Studios Launches ‘Kratos Games Network’ with INR 50 Crore Grant for Gaming Studios
- ByStartupStory | November 3, 2023
Kratos Studios, the proud owner of the IndiGG IP, has unveiled an exciting new initiative known as the ‘Kratos Games Network.’ Under this program, a substantial grant of INR 50 crore will be allocated to gaming studios. The company’s goal is to select the first batch of 10-15 studios by March 2024. This significant step comes on the heels of Kratos Studios already facilitating monetization for an impressive 1.5 lakh gamers, totaling INR 5 crore. With this move, they anticipate an incredible 100-fold increase in the number of gamers.
The ‘Kratos Games Network’ will extend its grant to web2 gaming development studios, helping them transition their games to blockchain gaming. The overarching objective of this program is to foster a vibrant game developer community on a global scale. It seeks to create a pipeline of top-notch games that transcend genres, languages, and cultural sensitivities, making them available on the Kratos platform.
The chosen gaming studios will enjoy the benefits of Kratos’ proprietary blockchain technology stack, granting them access to the on-chain global gamer community, which boasts a user base of 10 lakhs. This integration of blockchain technology will empower studios to monetize their creations and generate revenue for both developers and gamers.
Kratos Studios has a strong global presence in the gamer community, spanning various geographical locations. The ‘Kratos Games Network’ aims to collaborate with gaming studios not only in India but also in regions like LATAM, East Asia, and SE Asia. The selection process will be rigorous, focusing on profitability metrics over a 2-3 year span and a minimum daily active user count of 500,000 for game studios.
Participating in the Kratos Games Network offers a multitude of advantages, including access to extensive gamer communities. Partner developers will engage in an economic value-sharing model with their gamers, fostering greater user retention and improved monetization for individual gamers.
Manish Agarwal, the Founder of Kratos Studios, expressed, “Kratos Studios stands for the gamer community. This initiative will bring high-quality games and, consequently, more gamers into the realm of blockchain gaming. We are on our way to becoming the largest network of gamers on the blockchain, globally.”
Transitioning from Web2 to blockchain technology in the gaming industry offers numerous benefits. Blockchain enhances player ownership by granting true ownership of in-game assets, allowing for trading across different games and platforms. It ensures transparency and security through decentralized ledger technology, reducing the risks of cheating, fraud, or central control.
According to a recent report, the gaming market is expected to soar to $8.6 billion by 2027, up from $2.6 billion in 2022, with a remarkable CAGR of 27 percent. The global Web3 gaming industry is projected to grow at a CAGR of 18.7 percent from 2023 to 2033. This shift not only empowers players but also ushers in a new gaming economy.
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The ‘Kratos Games Network’ represents a pivotal moment in the gaming industry, driving innovation and collaboration on a grand scale, all while bringing the benefits of blockchain technology to gamers and developers alike.
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