Loco will create esports and streaming experiences on the Avalanche blockchain
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Indian game streaming platform Loco has teamed up with the Avalanche blockchain to create new kinds of fan experiences.
Loco is joining the Avalanche Multiverse incentive program and is launching a subnet, expanding Avalanche’s growing footprint in Asia.
Loco is building a suite of Web3 products that will bring fan experiences via the custom Avalanche Subnet.
oco recently raised $42 million, which was the largest Series A round in Indian and South East Asian gaming history. The platform has also partnered with other gaming publishers like Krafton, Activision Blizzard, and Riot Games.
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Loco’s Avalanche subnet and ongoing product campaign mark yet another new chapter in the story of Avalanche rapidly expanding in Asia. Recently, Chinese technology giant Alibaba and Japanese gaming trailblazer Gree each announced Avalanche initiatives.
Like Gree, Loco will run its own Avalanche validators, reflecting a deep commitment to securing and building on the network.
The fantasy sports industry generated over $22.7 billion in revenue in 2022 – a figure projected to grow to $48 billion by 2028. Digital collectibles are the fastest-growing sector of the $400 billion global collectibles industry. Despite this explosive growth, fantasy applications have largely failed to seize the Web3 opportunity.
Loco’s initial products will be designed to give back control to the user, bringing collectibles to the fantasy gaming experience. The Web3 initiatives
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