India-based startup with global web3 game discovery & wallet app, Glip, announced on Tuesday, November 29th, that it had cured $2.5 million in a funding round led by Hashed Emergent with participation from Beenext and existing investor Prime Venture Partners with the goal of bringing millions of gamers to web3.
In a press release shared with Cryptowisser, Glip said it continues to sign up web3 games like Axie Infinity, League of Kingdoms, and KOF Arena by Netmarble to boost user acquisition and engagement.
While commenting on this latest development, Tak Lee, Managing Partner, Hashed Emergent, said:
"At Hashed Emergent, we believe that the gaming industry will play a key role in onboarding the next billion users to Web3. Currently, there are two major challenges in Web3 gaming - lack of distribution channels and complex user onboarding. The team at Glip has built a seamless platform to solve both. We are impressed by the team's agility, foresight and speed of execution, and are excited to partner with them on their journey to build the "Steam" equivalent for Web3 games."
In addition to raising the funds, Glip said it has a live platform with over 2 million active users. Although the team is India-based, they cater to a global audience. The company’s app for Web3 gaming seeks to connect people worldwide through decentralization.
Since its launch, Glip has secured $6 million in funding through various rounds. The company’s Seed A round noted participation by Prime Venture Partners, Better Capital, iSeed, and various angel investors. Following that funding round, the project recorded tremendous success early on by onboarding 1 million gamers within the first three months through innovative tools.
Glip pointed out that it is currently the biggest web3 app for gamers in India, showing strong growth. Its mobile application notes over 7 million downloads across India, SEA, and Brazil.
With Glip, gamers can discover new web3 games, watch tutorials, and participate in tournaments & quests, all in 1 app. Users also get a social login, non-custodial, multi-chain, gasless wallet as soon as they log in to the app.
Glip CEO and Founder Parth Choudhary also commented that;
"With $10B already deployed, web3 games are increasing rapidly and getting better by the day, but they are all struggling with user acquisition on web2 platforms. Our mission is to build the world's largest web3 gamer platform."
Glip COO and Founder Ishan Shrivastava said:
"We have a pipeline of 100+ games across the world, including top publishers. They are all excited by web3 adoption in emerging markets & will soon get a self-serve dashboard to run campaigns, and get user feedback & analytics. Glip will soon cross 100K monthly active web3 gamers."
The $2.5 million raised from this latest funding round would be deployed toward expanding Glip’s current ten-member team, launching new product features and growing their community globally. In addition, Glip maintains a zero-marketing-burn strategy to remain lean and push the web3 gaming narrative forward.