Web3 gaming company Kratos Studios has announced Kratos Games Network program which will allocate a grant of Rs 50 crore towards gaming studios.
The company plans to target the first set of 10-15 studios by March 2024. It claims to have enabled monetisation for 1.5 lakh gamers, amounting to Rs 5 crore, and is expected to see a 100X increase in the number of gamers with this move.
Kratos Studios will extend the grant to web2 gaming development studios and will transition their games to blockchain gaming. The selection process will focus on factors based on profitability spanning 2-3 years, game studios with a minimum daily active user count of 500,000.
The shortlisted gaming studios will get the benefit of the Kratos proprietary blockchain tech stack giving them access to the 10 lakh user base of the on-chain global gamer community, the firm said in a press release.
The integration of blockchain will enable these studios to monetize and build revenue for developers and gamers alike.
The Kratos gamer community is already present in multiple geographies and will target gaming studios beyond India, including LATAM, East Asia, and SE Asia.