HomeStartupAnother Casualty Of 28% GST? MPL-Backed Striker To Shut Operations

Another Casualty Of 28% GST? MPL-Backed Striker To Shut Operations

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MPL-backed web3 fantasy platform Striker to shut down operations
  1. 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.
  2. 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.
  3. Co-founder Krishna Mohan Vedula has reportedly departed from the company, a notable development amid Striker’s decision to wind up its operations.
  4. Striker offered users the ability to collect and trade digital collectibles and cards centered around cricket, operating within the Web3 fantasy gaming space.
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