Lysto raised $12 million in Pre-Series A from Square Peg and others

August 10, 2022

Share via:

Lysto, which issues digital credentials to gamers raised $12 million in Pre-Series A from Square Peg, BEENEXT, Hashed, Tiger Global and Better Capital where angel investors including Balaji Srinivasan from Coinbase, Paul Veradittakit from Pantera Capital, Binny Bansal and Bobby Ong & TM Lee from CoinGecko also participated.

Lysto creates APIs, NFTs, and other online gaming tools. It primarily provides digital credentials to online gamers who have won a tournament or game. These credentials are later used in the form of NFTs, which gamers can post on their social media profiles. Lysto plans to use the funds to further develop its technology platform, expand business development activities, and create tools for issuing digital credentials. Lysto claims to have launched the Proof of Play Protocol (PoPP), which provides industry professionals with standardised gaming credentials.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Previous News

NCLAT dismissed complaint accusing WhatsApp of predatory pricing

Next News

ED probe, public outcry over acquisition revive crypto’s legitimacy debate: WazirX Vs Binance

Sreejit Kumar

Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.