Decentralized gaming network KGeN has Secured $10 Million in Funding

Kratos Gamer Network (KGeN), a decentralized gaming platform, has raised $10 million in funding led by Aptos Labs. Polygon and Game7 also participated in the round, increasing KGeN’s valuation to $500 million, up from $150 million in February 2023.

Kratos Gamer Network (KGeN), founded in early 2023 by Manish Agarwal, former CEO of Nazara Technologies, and Ishank Gupta, has raised $30 million so far.

Funding Utilisation

The new funding will help expand its platform, improve gamer rewards, and enhance data features. KGeN’s goal is to build a decentralized network where gamers can own and profit from their data. Agarwal described KGeN as a decentralized "Facebook" for gaming communities.

The company has attracted 10.8 million users, including 3.3 million monthly active players, from markets like India, Brazil, and Nigeria. It now plans to expand to emerging regions like the Middle East, focusing on high-value gamers.

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KGeN’s unique Proof of Gamer (POG) Engine collects gamer data and reputation, allowing players to create and monetize their profiles. This helps gaming companies lower customer acquisition costs by 30–60%, providing a cost-effective alternative to platforms like Meta and Google.

Future Plan of the Krato

As of October 2024, KGeN has an annual revenue of $12.1 million and expects to reach $25 million next year. The company works with over 180 gaming firms to help with user acquisition and improve returns on investment.

The recent funding shows strong investor confidence in KGeN's vision of a fairer, gamer-focused ecosystem. By combining Web2 and Web3 technologies KGeN is becoming a leader in the Web3 gaming industry, driving innovation and empowering gamers worldwide.

About Krato

Since 2022, Kratos Studios has been working to bring millions of micro-gaming communities from emerging markets to Web3, aiming to build the most powerful Proof of Gamer (POG) Engine and the Kratos Gaming Network (KGeN).

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