IndiGG Secures $6m In Funding From Lightspeed, Animoca Brands, Sequoia India, and more

IndiGG, a Sub-DAO of Yield Guild Games (YGG) and built with the help of Polygon Studios, has raised a $6m founding round led by many important investors, with the most notable being Animoca BrandsLightspeed, and Sequoia India.

YGG and Polygon combined their powers and created IndiGG in order to conquer this industry part in India’s country, with the primary goal of targeting 400M people there, with the help of Scholarships.

Prior to this round, IndiGG had also raised a $1m fund led by YGG

IndiGG revealing its plans for the future of India

With the $6m collected, IndiGG will educate people in India by explaining the potential of Web3 technologies and how they can earn a living without investing and just playing. They will also support NFT assets for trending NFT games with high demand for Scholarships, like Axie Infinity and Pegaxy

What Is A Scholarship?

In a game like Pegaxy, you must buy a Pegaxy to participate and race other Pegaxys with the primary purpose of earning tokens, in the current example, $VIS. What if I told you that you no longer have to pay for these NFTs and still play? Well, that’s because other people buy it for you in the form of Scholarships. They lend you the NFT, you play with it, and you share the prize in half, or you’ve agreed on. A revolutionary tactic that IndiGG is trying to implement in the Indian industry seeing the recent success of Axie Infinity in the Philippines while cementing it as the biggest gaming guild in India.

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