This Stealth Web3 Game Community Platform Just Scored USD 34 Million Led By A Korean Online Giant

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Iskra’s blockchain-powered Web3 game platform redefines existing game publishing models and brings the power back to game developers, game players, and investors

Singapore - April 05, 2022 - Iskra announced that it secured an investment of up to USD 34 million led by Krust Universe, an investment arm of Kakao, a Korean tech giant. Along with Krust Universe, the list of investors read like who’s who of the tech and gaming industry; WeMade, MetaBora, Neowiz, NHN Bigfoot, Fast Ventures, Liberty Investment, and Kakao Ventures. 

Iskra aims to be the Future of Play, addressing category growing pains, as well as providing exciting opportunities and new game experiences for players, game developers and investors alike.  

While Iskra is a new name, a look at the company’s management team lineup reveals an all-star cast of blockchain and online game industry veterans with multiple exits between them from companies such as Dayli Financial Group and Tencent Holdings. 

"We believe Iskra is pioneering the way to become the next-generation blockchain gaming publishing platform with unique features for game developers, users and other participants. We chose to invest in Iskra because we identify strong synergy between their ecosystem and ours. Together, we will take the blockchain and Web3 gaming industry to the next level." Henry Chang, CEO of WeMade

Leading this round, Junghoon Kim, Chief Investment Officer at Krust Universe explained, “Iskra is a seasoned team that can combine the best of blockchain and games. During our incubation, the team successfully built a model that incentivizes various stakeholders in the community.” The company further added,