According to TechCrunch, which cited sources familiar with the subject, cryptocurrency exchange FTX is in talks to invest in Indian gaming startup Mobile Premier League (MPL).
According to the article, MPL is in talks with a number of investors, including FTX, to expand into Web 3 gaming.
So, According to a recent report, FTX launched a gaming team earlier this year to encourage crypto usage in gaming.
Sequoia Capital India and RTP Global are among the investors in the Indian gaming company, which includes a number of mobile video game titles in genres ranging from sports to card games to fantasy games.
The company set aside Rs 2,000 crore ($265 million) for its famous fantasy cricket tournament. Of course, which offers players the chance to win up to Rs 1 crore.
According to the article, MPL has been attempting to raise the money as a follow-on to its Series E financing. That’s, which valued the company at $2.5 billion.
MPL and FTX did not immediately react to CoinDesk’s request for comment.
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