- Striker, a Web3 fantasy gaming platform founded in 2022 by former MPL employees Krishna Mohan Vedula and Nitesh Jain, is facing significant challenges, leading to its closure.
- The platform encountered legal issues, including a lawsuit filed by competitor Rario, along with regulatory hurdles. The imposition of a 28% GST on the online gaming sector by the GST Council added to the platform’s troubles.
- Co-founder Krishna Mohan Vedula has reportedly departed from the company, a notable development amid Striker’s decision to wind up its operations.
- Striker offered users the ability to collect and trade digital collectibles and cards centered around cricket, operating within the Web3 fantasy gaming space.