Glance to Bring NFT Games on Lockscreen, Buys Gambit Sports

Lockscreen platform Glance has bought Indian gaming agency Gambit Sports as a part of its plans to carry NFT gaming providers in 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 so as to add an NFT ingredient to its reside lockscreen video games.

Founded in 2015, Gambit Sports owns and operates widespread fantasy sports activities gaming platform NostraGamus. The firm claims to have near 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 stated in an announcement.

Glance intends to make use of the gaming strategies from Gambit Sports and launch participating reside gaming experiences together with tournaments, sport exhibits, sport streaming, and multiplayer video games on lockscreen, that can later characteristic NFTs.

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

NFT-based gaming is increasing related communities, particularly among the many Gen-Z inhabitants. That is 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-Founder of InMobi Group and President and COO of Glance.

The lockscreen-maker plans so as to add play-to-earn characteristic to its NFT-based video games to rope in additional avid gamers to make use of 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 might be integrating its lockscreens with Jio handsets within the coming months.

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

The blockchain gaming trade grew by 765 p.c 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 so as to add crypto and NFT parts to its video games.