WazirX Co-Founder Siddharth Menon, SuperGaming Launch Web3 Game Ecosystem Marketplace 'Tegro'
WazirX Co-Founder and Chief Operating Officer Siddharth Menon and Indian game development firm SuperGaming on Tuesday launched Tegro as their Web3 game ecosystem marketplace. The new offering is aimed to create standalone markets for gamers, traders, and institutional investors where they can trade, hold, and play with their game assets. It is also touted to help protect players and investors with a sustainable economy model. Web3 has emerged as a nascent space for gamers where technologies including blockchain and non-fungible tokens (NFTs) have been deployed to advance user experiences.
The announcement of Tegro comes just a week after Menon of cryptocurrency exchange WazirX announced the decision to join SuperGaming as an advisor to support the Web3 initiatives of the Pune-based firm.
Menon is projected to help bring his expertise in Web3 ecosystems to Tegro to make it a distinctive place for the gaming industry.
“Web3 games will be the next paradigm shift in gaming, opening new economic and creative opportunities for players, and have the potential to unlock a 2 trillion-dollar market,” he said in a prepared statement.
SuperGaming will work with Menon to make Tegro an engaging space for gamers alongside onboarding institutional investors and traders.
The game developer said that most existing Web3 games didn't put players at the centre of growing their economic opportunity.
“We see Web3 technologies complementary to our player-first ethos, allowing us to produce new creative and economic opportunities for them,” said Roby John, Co-Founder of Tegro and SuperGaming. “With the potential of Web3 games and Tegro, we can do so in a way that's sustainable, fair, and transparent for all.”
Tegro is projected to have a
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