Blockchain Infrastructure Developer for Gamers Lysto Raises $12M
Blockchain infrastructure developer for gamers Lysto has raised $12 million in a pre-Series A funding round.
According to the press release shared by the company, the funding round has seen the participation of venture capital firms Square Peg, Beenext and Hashed. Other investors included Tiger Global, Better Capital, former Coinbase CTO Balaji Srinivasan, Pantera Capital partner Paul Veradittakit, Flipkart co-founder Binny Bansal, CoinGecko co-founders Bobby Ong and TM Lee.
As part of the deal, Square Peg partner Tushar Roy has become a member of Lysto’s board of directors.
The startup provides gamers with tools to verify their blockchain credentials.
The company will spend the funds on the development of the so-called proof-of-play protocol. It will help gamers digitize credentials online, using them as online certificates to create teams and participate in tournaments.
