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Polygon Invests In Hike’s Rush Gaming Universe To Take It To Web3 Summary The rush gaming universe is Hike’s play-to-earn (P2E) gaming platform that claims to be doing more than $50 Mn in winnings (Gross ARR) According to Mittal, CEO at Hike, players will be able to leverage smart contracts to play games, generate digital assets bad on their skill and gameplay, and become owners on the network. “The implications resulting from this model are revolutionary for gaming, particularly in an age where users spend real money on in-game assets such as in Fortnite which has generated billions in revenue,” - Kraken Intelligence Social media startup Hike has raised an undisclosed amount of investment from Ethereum layer 2 scaling solution startup Polygon to collaborate on transitioning Hike’s Rush Gaming Universe from web2 to web3 technologies.

Polygon Invests In Hike’s Rush Gaming Universe To Take It To Web3

Social media startup Hike has raised an undisclosed amount of investment from…

Sethu P. 27th January, 2022

$150 Mn VC Fund Launched For Accelerating India & UAE Startups Summary Over the next five years, the fund will invest in a minimum of 50 ‘demonstrated and validated’ startups based in India, aiming to have ten unicorns in its portfolio by 2025 “The Indian Angel Network Fund (IAN) will offer benefits to the investors from the UAE including the experience and knowledge that India offers,” said Ajai Chowdhry It will be funded by investors from the UAE, other GCC (Gulf Cooperation Council) countries and India A $150 Mn India-UAE (United Arab Emirates) venture capital fund has been announced at a recently held Expo 2020, in Dubai. It was announced by Ajai Chowdhry, HCL founder and chairman of the Start-Up Committee at FICCI (Federation of Indian Chambers of Commerce and Industry).

$150 Mn VC Fund Launched For Accelerating India & UAE Startups

A $150 Mn India-UAE (United Arab Emirates) venture capital fund has been…

Sethu P. 27th January, 2022

Growth School Raises $5 Mn Seed Round

Startup Stories

Growth School Comes Out Of Stealth Mode With $5 Mn Led By Sequoia To S...

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Business Accounting Startup Vyapar Raises $30 Mn Funding From WestBridge, IndiaMart

Business Accounting Startup Vyapar Raises $30 Mn Funding From WestBrid...

Business accounting startup Vyapar has bagged $30 Mn…

Team Inc42 27th January, 2022

boAt’s IPO Boat Has Sailed! Becomes 1st Indian D2C Brand Heading For P...

As reported by Inc42 last week, Delhi-based headphone…

Debarghya S. 27th January, 2022

Singapore Ecommerce Giant Shopee Exits India Showing Market Uncertainty

FIR Filed Against Shopee India Alleging ‘Chinese’ Origin & Selling Fak...

Controversies have surrounded the ecommerce platform Shopee since…

Laxitha M. 26th January, 2022

Exclusive: Tanmay Bhatt, Ankur Warikoo & 12 Others Invest In Wint Weal...

Debt investor aggregator platform Wint Wealth has raised…

Laxitha M. 26th January, 2022

It's Time For A Republic Day For India's Startups

National Startup Day — Great Start, But Long Way Before India Becomes ...

As India marks its 73rd Republic Day, we need to acknowledge that Indian startups...

Nikhil S. 26th January, 2022

Content Engineers Raises $50 Mn To Create Digital Media IPs For Theatres & OTTs

Content Engineers Raises $50 Mn To Create Digital Media IPs For Theatr...

Film and digital studio startup Content Engineers has…

Laxitha M. 26th January, 2022

Announcing The Makers Summit 2022: India’s Largest Product Conference Returns This April

Announcing The Makers Summit 2022: India’s Largest Product Conference ...

Join 5,000+ product leaders & makers at The Makers Summit 2022 to decode how...

Team Inc42 26th January, 2022

SaaS Giant SAP Backs Contract Intelligence Startup Icertis, Valuation Likely To Touch $5 Bn

SaaS Giant SAP Backs Contract Intelligence Startup Icertis, Valuation ...

Seattle and Pune-based contract intelligence startup Icertis has…

Laxitha M. 26th January, 2022

Lessons Learnt From FMCG Giants That Startups Can Adopt

Lessons Learnt From FMCG Giants That Startups Can Adopt

What large organizations can learn from startups has…

Ved A. 26th January, 2022

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