Guardianlink recently secured an investment of $12 million in a funding round led by Kalaari Capital. This fund will be used to grow the business.
Along with cryptocurrencies, there is a growing potential for some other segments as well. These also include non-fungible tokens (NFTs) and many firms are starting businesses with innovative products. The gaming industry has benefited the most from this technology, which is using it to give a better experience to the users. NFT technology network Guardianlink has also announced its foray into NFT gaming.
This Chennai-based firm will launch the first play-to-earn cricket game. Its website states, “Web 3 is set to build the largest metaverse of crypto.” In this, a user will be able to do activities like making his own NFT and designing the stadium. Guardianlink is set to launch the game soon and promises to present a new picture of cricket through it.
NFT is a digital asset that represents real-world things or parts of them. These can include art, music, in-game items, and videos. These can be traded online but cannot be duplicated. With cricket being one of the more popular sports, Guardianlink’s foray into the gaming industry does not come as a surprise. The firm was started in 2016 and launched its NFT marketplace framework two years back. It supports over 40 NFT marketplaces worldwide. It offers a customizable launch pad for artists, gamers and celebrities. It has worked for some of the celebrities’ successful NFT projects.
Guardianlink recently secured an investment of $12 million in a funding round led by Kalaari Capital. This fund will be used to grow the business. It already has offices in Singapore and Japan. Some global companies are also entering the NFT segment. Including American Express. It has filed seven trademark applications for foraying into the Metaverse and NFT segments . The application includes the American Express logo indicating that it may also be rendered virtual. This is American Express’s move to explore possibilities in Web 3.