Web3 cricket strategy game, Cricinshots has raised a pre-seed funding round led by Antler India. The money raised will be used for accelerating the product development and strengthening the team.
According to gaming consulting company Naavik, the global blockchain gaming market can grow to $50 billion in size by 2025.
Startied in 2021 by Harsh Savergaonkar and Aditya Kasibhatia, Cricinshots plans to redefine the gaming experience for the next generation of players and particularly the cricket fans in India and around the world.
Users are the most critical element of any gaming ecosystem: Cricinshots co-founder Harsh Savergaonkar
Wega Lab’s first assignment in the mobile cricket game is Cricinshots. As per the company statement, one of the prominent features of the game is its play-and-earn model, a mechanic that allows gamers to leverage their skills and time into rewards through winning matches, or owning stadiums and a variety of NFTs.
“As experienced global investors in web3 and blockchain, we can continue to believe that strong Indian teams will shape the future of web3 and gaming infrastructure and applications, especially those that facilitate the onboarding of the next billion users to web3. It is dramatically expanding the design space within gaming, allowing for new business models, plus decentralized ownership and control. The Cricinshots team has a nuanced understanding of gamer personas and are using their gaming experience to build something truly engaging,” said Nitin Sharma, partner, Antler India.