Technology-enabled entertainment company, PlayVerse, has raised $1.5 Mn in seed funding from Japanese gaming company Akatsuki Inc.
Founded by Jaineel Aga, PlayVerse offers content, toys, games, and technology products in India, the diverse platform will be focusing on its mission of providing an enriching experience to the end consumers of the country.
“Intending to increase cross-border collaborations between India and Japan, PlayVerse looks to maximize the monetization potential of popular Japanese IPs and brands in India,” the statement said.
Commenting on the fundraise, Jaineel Aga, Founder of PlayVerse said, “Thanks to the advent of blockchain technology and the scalability offered by promising L2 protocols, we have some moonshot ideas of IP monetization that we are exploring. At the moment, we are focused on customer discovery and hypothesis testing to assess product-market fit.”