FTX Plans to Invest in Indian Gaming Firm Mobile Premier League

India’s largest eSports and mobile gaming platform, Mobile Premier League or MPL is a Bangalore-based startup. MPL has presently been the talk of the digital space amongst investors, especially the potential investor and cryptocurrency exchange giant FTX. Scoop: FTX, the $32B crypto exchange, is in talks to back Indian fantasy sports startup MPL. The Bengaluru-headquartered firm is working on play-to-earn games. https://t.co/ggExSqXOLd — Manish Singh (@refsrc) April 3, 2022 Mobile Premier League’s Expansion Plans The respective move comes after the popular gaming platform discloses plans to expand into the Web3 and the crypto space. Mobile Premier League has been planning to launch a play-to-earn NFT based game. This initiative will be known as India’s first game associated with the concept of NFT and blockchain technology. Other than FTX coming aboard with Mobile Premier League, the gaming platform is also backed by Sequoia Capital India and RTP Global as well. The startup has planned to raise a Series E funding round as well at a $2.5 billion valuation. Indian Startups Need To Grow However, many Indian startups have begun to explore opportunities in the digital space, such as the rival team of MPL, the unicorn startup Dream 11. The Indian fantasy sports platform Dream 11 is planning to lead a $100 million investment in the NFT startup Rario. Although MPL has a long way to reach the position where Dream Sports is, MPL has som...