With an aim to boost revenue for Web2 Gaming Studios
Kratos Studios, owner of the IndiGG IP, announces the ‘Kratos Games Network’ program which will allocate a grant of INR 50 cr towards gaming studios. The company will aim to target the first set of 10-15 studios by March 2024. Kratos has already enabled monetization for 1.5 lakh gamers, amounting to INR 5 crore, and is expected to see a 100X increase in the number of gamers with this move.
The ‘Kratos Games Network’ will extend the grant to web2 gaming development studios and will transition their games to blockchain gaming. The program aims to build a strong game developer community across the world and create a pipeline of the top games that cut across genres, languages and cultural sensitivities and make the same available on the Kratos platform.
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 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.
The rigorous 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 Kratos Games Network will offer a multitude of benefits, including access to a large number of gamer communities. Being a part of Kratos Games Network, the partner developers will also have an economic value-sharing model with their gamers, leading to enhanced user retention and increased monetization for individual gamers.
Elaborating on this, Manish Agarwal, Founder of Kratos Studios, stated, “Kratos Studios stands for the gamer community. This initiative will bring high quality games and hence more gamers to blockchain gaming. We are on our way to becoming the largest network of gamers on the blockchain, globally.
Benefits from Web 2 to Web 3
Transitioning from Web2 to blockchain technology in the gaming industry offers several benefits. Firstly, blockchain enhances player ownership by allowing gamers to have true ownership of in-game assets that can be bought, sold, and traded across different games and platforms. Blockchain technology ensures transparency and security through decentralised ledger technology, reducing the risk of cheating, fraud, or centralised control. According to a recent report, the market size of gaming is expected to reach $8.6 billion by 2027, up from $2.6 billion in 2022, at a CAGR of 27 per cent. The global Web3 gaming industry is expected to rise at a CAGR of 18.7 percent from 2023 to 2033. This not only empowers players but also creates a new economy around gaming.
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