Latest News

MPL, an Indian gaming company, may be able to entice FTX to invest.

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.

Related Posts – XRP Price Goes Up After Unexpected Reappearance On Coinbase

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.