PE Fund Investments

MPL launches Web3 foray GGX; in talks with Spartan Capital, others for $15-M

Economic Times Print Edition  

Mobile Premier League (MPL) is launching a new Web3 gaming venture, GGX, as the gaming unicorn taps the ‘play-to-earn' (P2E) gaming sector. GGX will offer an NFT marketplace for owning and trading in-game assets. MPL is in talks to raise USD 10-15 million from investors including Spartan Capital, a digital asset management firm and Polygon, valuing the startup at about USD 200-250 million.

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