Glance to Bring NFT Games on Lockscreen, Buys India’s Gambit Sports Firm

Lockscreen platform Glance has bought Indian gaming agency Gambit Sports as a part of its plans to convey NFT gaming providers on your smartphone. An unconsolidated subsidiary of InMobi Group and funded by Google, Glance designs lockscreens with inbuilt video games. Glance has finalised the acquisition deal of Bengaluru-based Gambit Sports for an undisclosed quantity only a month after it secured a take care of Reliance Jio. The platform goals to add an NFT aspect to its reside lockscreen video games.

Based in 2015, Gambit Sports owns and operates common fantasy sports gaming platform NostraGamus. The corporate claims to have shut to 10 million registered customers.

“We have already started seeing great traction for live gaming. With Glance and Gambit’s combined strengths and our belief that there is a game for every person. We envision doubling the number of monthly active gamers on Glance Games in the next year,” Yashashvi Takallapalli, Co-Founder and CEO, Gambit Sports mentioned in an announcement.

Glance intends to use the gaming strategies from Gambit Sports and launch partaking reside gaming experiences together with tournaments, recreation reveals, recreation streaming, and multiplayer video games on lockscreen, that can later characteristic NFTs.

NFTs, or non-fungible tokens, are digital collectibles constructed on blockchain. They might be impressed from recreation characters and cartoons amongst different gadgets.

NFT-based gaming is increasing related communities, particularly among the many Gen-Z inhabitants. That’s the goal group Glance is aiming to seize.

“Gen-Z spends more time on gaming than on any other activity online Giving users live, connected, interactive gaming experiences on the lockscreen is key to Glance’s vision of building the world’s largest live Internet platform,” famous Piyush Shah, Co-Founding father of InMobi Group and President and COO of Glance.

The lockscreen-maker plans to add play-to-earn characteristic to its NFT-based video games to rope in additional avid gamers to use its providers.

“We also aim to launch creator-led NFTs for live gaming which will generate unique play-to-earn and play-to-own possibilities for the entire gaming ecosystem,” Shah added.

After elevating a funding of $200 million (roughly Rs. 1,523 crore) from Jio, Glance shall be integrating its lockscreens with Jio handsets within the coming months.

A DappRadar report had lately mentioned {that a} whopping 804,000 distinctive energetic gamers related to blockchain-based video games in July 2021.

The blockchain gaming trade grew by 765 % in 2021, a Forbes report claimed in January this 12 months.

Earlier this week, PUBG developer Krafton struck a take care of Solana Labs, stirring up rumours about its potential plans to add crypto and NFT components to its video games.

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