Gaming startup Lysto gets $12M to develop its blockchain-based platform
India-based blockchain-based gaming startup Lysto has secured $12 million in a pre-Series A funding round. Among other things, the company that issues digital credentials on-chain for gamers, will use the money to develop its platform. Lysto, an India-based Web3 buSadiq Ahamed founded Lysto last year, and the company primarily gives digital credentials on-chain to online players when they win a tournament or game. The credentials can then be published as NFTs on the players' social media pages. The business has unveiled "Proof of Play Protocol " (PoPP), which provides industry-standardised gamer credentials and reputation. PoPP can be given out by games, competitions, or even by gamers themselves as trophies, game and social badges, and game-tester tokens. siness that offers digital credentials on-chain for gamers, revealed today that it has secured $12 million in a pre-Series A fundraising round led by Square Peg, Beenext, Hashed, Tiger Global, and Better ...