Bowled.io is launching the world’s first Play-to-Earn (P2E) cricket platform built on blockchain technology.
The core idea is using an innovative game-play model where users bring their team to compete against friends and the Bowled community. The gaming platform enables fans to use their cricket-related skills and reap exciting social and economic benefits. It has both free-to-play and NFT based play-to-earn game modes and is slated to be released later this year.
Bowled.io sees itself as a catalyst for creating new socio-economic opportunities enabled by in-game economies built on top of public blockchains. The platform design enables one of the world’s largest and most passionate sports communities to leverage their love and understanding of cricket into actual life earnings.
Users can acquire NFTs representing cricketing assets. These NFTs would be required to participate and win at the games against other users. The NFTs will be dropped ahead of the release of the game. The first NFT drop will happen on March 26th, the same day as the kickoff of IPL season 2022.
Bowled.io is based in Singapore and India and is the brainchild of Akshay Khandelwal (ex-McKinsey & Co), Rahul Singh (ex-Star Sports) & Neeraj Jhanji (Serial Entrepreneur). The startup is advised by some of the industry leading names in the Sports, Gaming, and Blockchain space. Industry leaders from consumer media organizations including Facebook, Google, Star Sports, and blockchain organizations including Multichain Research, Huobi Exchange, PrimeBlock have backed the project. Bowled is also in partnership conversations with multiple ecosystem players including Cricketing KOLs, studios, guilds, launch pads, market makers and exchanges.
Bowled.io has raised funding from marquee global investors and industry leaders, reflecting their faith and commitment towards the project. This being one of the largest seed funding rounds in the sports gaming space globally marks an important milestone for Bowled.io in their pursuit of catering to a worldwide audience. Bowled.io is also booking interest from strategic investors for their upcoming private round.
The investment will be used to continue building the platform, its core gaming infrastructure, and the upcoming products to grow a strong and loyal user base across the Indian subcontinent and globally.