Kratos Studios, a gaming platform, has launched a program called Kratos Games Network. The platform is offering a grant of Rs 50 crore to convince other gaming companies to move their games to Kratos's blockchain platform. When games are on Kratos's blockchain, players can earn rewards, which are given in a special token called "Kratos cash." Players can later use this token on the Kratos app.
The platform is looking to work with established games that have more than 500,000 players who are active every day and are making a profit. By March 2024, they aim to collaborate with about 10 to 15 studios. Initially, the grant will provide the money for the Kratos cash rewards, and later the earnings from the games will cover these rewards.
Kratos wants to create a community of gaming studios and players on their platform. They are open to studios from all over the world, but they expect about a third of the studios to be from India. In August, Kratos Studios also started operating in Brazil.
In February, the company raised Rs 160 crore ($20 million) in a funding round. The funding was led by Accel and included investors like Prosus Ventures, Courtside Ventures, Nexus Venture Partners, and Nazara Technologies.