Indian gaming platform Lysto secures $12 million in funding

Oluwajuwonlo Afolabi -

Lysto, an India and Singapore-based platform for gamers has secured $12 million in its pre-Series A funding round from institutional, gaming and crypto investors.

  • Lysto provides tools for creating and selling NFTs. It provides solutions to industries such as e-commerce, gaming, entertainment, animation, and others.
  • The gaming startup has announced 'Proof of Play Protocol (PoPP), a product that standardizes gamers' credentials and makes them verifiable across the gaming industry.
  • Square Peg, BEENEXT, Hashed, Tiger Global, and Better Capital invested in the new round.
  • It last raised $3 million in seed funding in November 2021 from marquee investors and business angels.