India’s Web3 game discovery & wallet app, Glip, raises $2.5 million

Glip, an India-based Web3 video game discovery platform, and wallet app has actually effectively raised $2.5 million in its newest financing round led by Hashed Emergent, with involvement from Beenext and other financiers. Glip objectives to onboard the next generation of players to Web3.

Glip raises $2.5 million

At a time when an excellent variety of jobs in the cryptoverse have actually declared bankruptcy due to the pressures of the present crypto winter season, the Web3 video gaming environment has actually continued to wax strong.

In the most recent advancement, Glip, an India-based international Web3 video game discovery metaverse, and wallet app has actually protected $2.5 million in its newest financing round led by Hashed Emergent, with involvement from Beenext and Prime Endeavor Partners.

With developed blockchain video games like Axie Infinity, League of Kingdoms, KOF Arena by Netmarble, and a host of other play-to-earn Web3 video games currently in its environment, Glip, which presently boasts over 7 million downloads, plus a live platform with more than 2 million active users, is intending to onboard countless users into Web3 video gaming with its devoted circulation platform and war chest.

Tak Lee, Handling Partner at Hashed Emergent commented:

” At Hashed Emergent, our company believe that the video gaming market will play a crucial function in onboarding the next billion users to Web3. Presently, there are 2 significant obstacles in Web3 video gaming– absence of circulation channels and intricate user onboarding.”

The group at Glip has actually constructed a smooth platform to fix both traffic jams. We are impressed by the group’s dexterity, insight, and speed of execution, and are delighted to partner with them on their journey to construct the ‘Steam’ equivalent of Web3 video games.”

Glip cultivating Web3 video gaming adoption

Considering that its launch, Glip, whose Seed A round brought in significant financiers like Prime Endeavor Partners, Better Capital, iSeed, and others, has actually protected an overall of $6 million in financing by means of several rounds.

The Glip platform has actually experienced remarkable success considering that its production, onboarding one million players within its very first 3 months of going live, through ingenious tools.

While the Glip group is based in India, the task deals with an international audience, making it possible for players from around the globe to find brand-new Web3 video games, see tutorials, take part in competitions, missions, and more, all within the Glip app.

Glip likewise uses users a social login, non-custodial, multi-chain, gasless wallet as quickly as they visit to the app.

Discussing its newest financing round, Glip CEO and Creator, Parth Choudhary stated:

” With $10 billion currently released, Web3 video games are increasing quickly and improving day by day, however they are all having problem with user acquisition on Web2 platforms. Our objective is to construct the world’s biggest Web3 player platform.”

In addition to onboarding the next generation of players into Web3, Glip, states it prepares to utilize its newest financing to broaden its 10-member group, present brand-new item functions and grow its international neighborhood.

Glip COO and Co-Founder, Ishan Shrivastava stated:

” We have a pipeline of 100+ video games throughout the world consisting of leading publishers. They are all delighted by Web3 adoption in emerging markets and will quickly get a self-serve control panel to run projects, get user feedback and analytics. Glip will quickly cross 100k month-to-month active Web33 players.”

Established by high school video gaming good friends and second-time creators, Parth & & Ishan in 2020, Glip has actually gone through a series of fast pivots considering that its launch. With a naturally growing video gaming neighborhood and collaboration with blockchain video games, Glip is poised to be a leader in the Web3 video gaming metaverse.