Artistone

InMobi Group’s Glance Acquires Gambit for NFT-based Gaming Features

UTC by Sanaa Sharma · 5 min read
InMobi Group’s Glance Acquires Gambit for NFT-based Gaming Features
Photo: Glance / Facebook

Glance will make use of Gambit’s experience to inaugurate living gaming ventures like contests, shows, live streams, and multi-player games on the lock screen.

Glance, a subsidiary of InMobi Group that supplies content to the lock screen of Android-based smartphones, has revealed the purchase of Bengaluru-based Gambit Sports to support its gaming features.

This investment follows a month after Glance acquired funds worth $200 Million from a massive investment from Jio Platforms. The unit is all set to utilize the funds raised to expand in Asia while launching in international markets like the United States, Brazil, Mexico, and Russia. The company has also consequently, engaged in a corporate collaboration with Jio Platforms with the help of which, Glance’s lock screen platform will b embedded into the JioPhone Next smartphones.

Glance claimed that the investment will allow the unit to offer Non-Fungible Token-based live gaming adventures to the younger generation through its platform. The company explained that its lock screen gaming platform enjoys coverage of more than forty-five million active users all over Asia, among which seventy percent are in the age bracket of 18 to 34. More than 40 percent of them are female subscribers.

Glance will make use of Gambit’s experience to inaugurate living gaming ventures like a contest, shows, live streams, and multi-player games on the lock screen.

This will also allow Glance to build and release several casual-to-mid-core games. NFT gaming venture is believed to premiere in the upcoming quarters and will allow influencers and developers to financially manage their currencies and other valuable assets.

According to Piyush Shah, the co-founder of InMobi Group and President and Chief-Operating Officer of Glance, gaming is the most vibrant technology in the content creation space. A large part of the younger generation spends an extensive amount of time in gaming etc. Adding to this statement, Shah believes that it is imperative to provide users with a live, oriented, and engaging gaming experience on the lock screen. The company also plans to come up with an NFT that is powered by creators for live gaming. This will produce an exclusive play to earn and own opportunity for the whole gaming environment.

On the other hand, Gambit Sports was established in 2015 by Yashasvi Takallapalli, Gaurav Konar, and others. It has now been modified into a multi-player gaming application that endorses and supports real money-earning games. According to the company, it has more than 10 Million registered subscribers with more than 100 million games.

Glance, however, was established in 2018. According to the company data, the lock screen platform is applicable on more than 400 million electronic gadgets across Asia. While Jio is a giant investor in the list of investors for Glance, some others include international technology goliath Google and Silicon Valley-based venture capital fund Mithril Capital.

This investment follows a month after Glance acquired funds worth $200 Million through massive investment from Jio Platforms. The unit is all set to utilize the funds raised to expand in Asia while launching in international markets like the United States, Brazil, Mexico, and Russia. The company has also consequently, engaged in a corporate collaboration with Jio Platforms with the help of which, Glance’s lock screen platform will be embedded into the JioPhone Next smartphones.

Glance claimed that the investment will allow the unit to offer Non-Fungible Token-based live gaming adventures to the younger generation through its platform. The company explained that its lock screen gaming platform enjoys coverage of more than forty-five million active users all over Asia, among which seventy percent are in the age bracket of 18 to 34. More than 40 percent of them are female subscribers.

Glance will make use of Gambit’s experience to inaugurate living gaming ventures like contests, shows, live streams, and multi-player games on the lock screen.

This will also allow Glance to build and release several casual-to-mid-core games. NFT gaming venture is believed to premiere in the upcoming quarters and will allow influencers and developers to financially manage their currencies and other valuable assets.

According to Piyush Shah, the co-founder of InMobi Group and President and Chief-Operating Officer of Glance, gaming is the most vibrant technology in the content creation space. A large part of the younger generation spends an extensive amount of time in gaming etc. Adding to this statement, Shah believes that it is imperative to provide users with a live, oriented, and engaging gaming experience on the lock screen. The company also plans to come up with an NFT that is powered by creators for live gaming. This will produce an exclusive play to earn and own opportunity for the whole gaming environment.

On the other hand, Gambit Sports was established in 2015 by Yashasvi Takallapalli, Gaurav Konar, and others. It has now been modified into a multi-player gaming application that endorses and supports real money-earning games. According to the company, it has more than 10 Million registered subscribers with more than 100 million games.

Glance, however, was established in 2019. According to the company data, the lock screen platform is applicable on more than 400 million electronic gadgets across Asia. While Jio is a giant investor in the list of investors for Glance, some others include international technology goliath Google and Silicon Valley-based venture capital fund Mithril Capital.

Altcoin News, Blockchain News, Business News, Cryptocurrency news, Deals News
Sanaa Sharma
Author Sanaa Sharma

Sanaa is a chemistry major and a Blockchain enthusiast. As a science student, her research skills enable her to understand the intricacies of Financial Markets. She believes that Blockchain technology has the potential to revolutionize every industry in the world.

Related Articles