Lockscreen platform Glance has bought Indian gaming company Gambit Sports as part of its plans to bring NFT gaming services to your smartphone. Glance, an unconsolidated subsidiary of InMobi Group and funded by Google, designs lock screens with built-in games. Glance inked the acquisition deal with Bengaluru-based Gambit Sports for an undisclosed amount just a month after inking a deal with Reliance Jio. The platform aims to add an NFT element to their live lockscreen games.
Founded in 2015, Gambit Sports owns and operates the popular fantasy sports gaming platform NostraGamus. The company claims to have almost 10 million registered users.
“We’re already seeing a lot of traction for live gaming. With the combined strengths of Glance and Gambit and our belief that there is a game for everyone. We plan to double the number of monthly active players at Glance Games over the next year,” said Yashashvi Takallapalli, co-founder and CEO of Gambit Sports, in a statement.
Glance intends to leverage Gambit Sports’ gaming techniques and launch engaging live gaming experiences such as tournaments, game shows, game streaming, and multiplayer games on the lock screen, which will later include NFTs.
NFTs, or non-fungible tokens, are blockchain-based digital collectibles. They could be inspired by game characters and cartoons, among other things.
NFT-based gaming is expanding relevant communities, especially among the Gen Z population. This is the target group that Glance wants to conquer.
“Gen Z spends more time gaming than any other online activity. Providing users with live connected, interactive gaming experiences on the lock screen is key to Glance’s vision to build the world’s largest live internet platform,” noted Piyush Shah, co-founder of InMobi Group and President and COO of Glance.
The lockscreen maker plans to add a play-to-earn feature to its NFT-based games to attract more players to use its services.
“We also intend to launch creator-led NFTs for live games that will create unique game acquisition and game ownership opportunities for the entire gaming ecosystem,” added Shah.
After Glance raised $200 million (approx.
A DappRadar report recently said that as of July 2021, there were a whopping 804,000 unique active players connected to blockchain-based games.
The blockchain gaming industry grew by 765 percent in 2021, a Forbes report claimed in January of this year.
Earlier this week, PUBG developer Krafton struck a deal with Solana Labs, fueling rumors about its potential plans to add crypto and NFT elements to its games.