The platform will be powered by the ISK Tokens which will serve as the exclusive asset for the platform’s pioneer Non-Fungible Token (NFT) and also be deployed as the governance token along the line.
Decentralized gaming protocol Iskra has secured the sum of $34 million from top investors in the digital currency ecosystem as it seeks to develop a new economy to power the mainstream adoption of blockchain games. As contained in a press release shared with Coinspeaker, the latest funding round was led by the Krust Universe, the startup that helped incubate the Iskra gaming protocol.
As an emerging platform in the Play-2-Earn (P2E) arena, Iskra aims to reshape the gaming industry with blockchain technology to provide a sustainable Web3 gaming experience. The platform also seeks to break ground in web3 gaming and pave the way for a new generation of blockchain entertainment by empowering game developers to leverage blockchain while rewarding those who love gaming with crypto.
“We are excited that Krust, WeMade, and the rest of our investors trust my team and I to execute on our vision of a community-forward system that aligns interests by rewarding its stakeholders based on participation while integrating sustainable tokenomic solutions for game developers to the platform. This investment will not only bring capital but also their domain expertise and network to help expand the reach of Iskra’s platform,” said Eugene Lee, the Co-Founder and Chief Executive Officer of Iskra.
Specifically, the $34 million funding will help Iskra acquire promising Web3.0 platforms that can help advance the reach of the startup while also developing its products to meet its outlined goals.
The backing received from investors like Krust was based on the premise that the gaming model proposed by the team was exceptional, as Junghoon Kim, the Chief Investment Officer of Krust Universe explained as the reason behind the stealth investment;
“Iskra is a seasoned team that can combine the best of blockchain and games. During our incubation, the team successfully built a model that incentivizes various stakeholders in the community,” he said. “Iskra is well aligned with the 2.0 strategy of Klaytn, a Krust portfolio, in which Klaytn becomes a blockchain of choice for GameFi and metaverse.”
Iskra Has an Experienced Team Behind It
The decentralized gaming world is a diverse and fast-growing ecosystem that requires a very experienced team to compete and be successful. Despite being a new kid on the block, Iskra’s team is diverse and filled with transferable experiences acquired from many years of working for the most successful blockchain and high-profile tech industry companies such as Icon Loop, Line, Tencent, Nexon, and Dayli Financial.
With these seasoned developers, business strategists, and marketers amongst others, the Iskra platform will be able to achieve its goal as defined in its ambitious roadmap.
The platform will be powered by the ISK Tokens which will serve as the exclusive asset for the platform’s pioneer Non-Fungible Token (NFT) and also be deployed as the governance token along the line.
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
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