Wednesday, June 7, 2023
HomeInsightFunding Alert Web3 Game Cricinshots raises Pre-Seed funding

[Funding alert] Web3 Game Cricinshots raises Pre-Seed funding

Cricinshots, a Web3 cricket strategy game has raised an undisclosed amount in its pre-Seed funding round from Antler India.

Cricinshots, a Web3 cricket strategy game has raised an undisclosed amount in its pre-Seed funding round from Antler India.

The startup plans to use the funds to accelerate product development and strengthen the team.

Pune-based Cricinshots was founded in 2021 by Harsh Savergaonkar and Aditya Kasibhatia, this is Wega Lab’s first project mobile cricket game.

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The startup said one of its game’s key features is its play-and-earn model, a mechanic that allows gamers to leverage their skills and timing through winning matches, or owning stadiums and different types of NFTs.

“Users are the most important component of any gaming ecosystem, and existing games do not provide them with any substantial upside. Because India adores cricket, developing new-age games with Wega Labs seemed like the most appropriate first step. Furthermore, both classic and current cricket games lack real strategy features and fail at long-term involvement, which Cricinshots is addressing. The overarching goal is to create games across many genres that will join together to establish an interoperable metaverse.” Said Harsh Savergaonkar, co-founder of Cricinshots and Wega Labs.

The Stratup’s aims to redefine gaming experiences for the next generation of gamers and cricket fans in India and beyond.

Aditya Kasibhatla, co-founder, Cricinshots & Wega Labs, stated, “As other economies emerge on the blockchain, we envision new chances for people to enjoy games in novel ways.” “We want to transform mobile cricket games with exciting and engaging sessions where users are compensated for the value they give to the ecosystem, their time and enthusiasm.”

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“As experienced global investors in web3 and blockchain, we 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 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.

About Cricinshots

Cricinshots is a mobile cricket game like no other. Placed in the 30th century, in a Type 3 Kardashev civilization, users have to traverse the universe, build an intergalactic team, and defeat opponents in a strategic never before seen cricket gameplay.

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