Lockscreen platform Glance has purchase Indian gaming firm Gambit Sports as part of its plans to bring NFT gaming services on your smartphone. An unconsolidate subsidiary of InMobi Group and funded by Google, Glance designs lockscreens with inbuilt games.
Glance has finalise the acquisition deal of Bengaluru-base Gambit Sports for an undisclosed amount just a month after it secure a deal with Reliance Jio.
The Glance aims to add an NFT element to its live lockscreen games.
Gambit Sports owns and operates popular fantasy sports gaming platform NostraGamus.
The company claims to have close to 10 million registered users.
Yashashvi Takallapalli, Co-Founder and CEO, Gambit Sports Said :
“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,”.
Glance intends to use the gaming techniques from Gambit Sports and launch engaging live gaming experiences including tournaments, game shows, game streaming, and multiplayer games on lockscreen, that will later feature NFTs.
NFTs, or non-fungible tokens, are digital collectibles built on blockchain.
They could be inspire from game characters and cartoons among many other items.
NFT-base gaming is expanding relevant communities, especially among the Gen-Z population.
That is the target group Glance is aiming to capture.
Piyush Shah, Co-Founder of InMobi Group and President and COO of Glance Said :
“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,”.
Glance plans to add play-to-earn feature to its NFT-base games to rope in more gamers to use its services.
Piyush Shah Said :
“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,”.
After raising a funding of $200 million (approx. Rs. 1,523 crore) from Jio, Glance will be integrating its lockscreens with Jio handsets in the coming months.
The blockchain gaming industry grew by 765% in 2021, a Forbes report claim in January this year.
PUBG developer Krafton struck a deal with Solana Labs, stirring up rumours about its potential plans to add crypto and NFT elements to its games.
