What Iskra does

Iskra (legally ISKRA (BVI) Corp, operationally headquartered in Singapore) is a Web3 gaming platform built on Coinbase's Base chain that operates a tokenized community system for players and game developers. Its core product surface includes the ISK token, an S-NFT (soulbound NFT) contract deployed at 0xFf94fE275E01Da460e0efAe2D964d7A32EB7F787, an on-chain governance module, and a web-based game hub at app.iskra.world. The platform migrated to Base in 2024 and positions itself as a single-destination community game platform where participants are rewarded based on engagement through blockchain-based mechanisms rather than traditional gameplay monetization.

The company monetizes primarily through token economics and transaction-fee mechanics rather than subscription or advertising. Its go-to-market is community-led, leveraging published whitepaper content, on-platform governance, and joint marketing with ecosystem partners including Base Ecosystem Fund, Coinbase Ventures, GSR, Planetarium Labs, and Animoca Brands. Customer segments are split between individual gamers seeking ownership of in-game assets, game developers needing Web3 integration tooling, and Web3 investors looking for ecosystem exposure. Distribution is global and self-serve via the web platform, with operational roots in Singapore and a stated Southeast Asia market focus.

Iskra was founded in 2021 and is privately held, with disclosed cumulative funding of approximately $74 million across rounds led by Korean gaming and internet investors (Krust Universe, Kakao Ventures, Neowiz, NHN, Wemade, FastVentures), a $40 million TGE raise on Gate.io in 2022, and subsequent strategic investments from Laboon (2023), Animoca Brands (2024), and a Base Ecosystem Fund-led syndicate (2024). Leadership comprises CEO HongKyu Lee and CXO/Chief Business Officer Ben Colayco. Revenue, ARR, and active user metrics are not publicly disclosed in the source material.

Name

Iskra

Legal name

ISKRA (BVI) Corp

Website

https://iskra.world

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Iskra is a Singapore-headquartered Web3 gaming platform built on Base chain, offering gamers and game developers a tokenized community hub centered on the ISK token, S-NFTs, and on-chain governance with global self-serve distribution.

Ownership category

akta.pro rank

Product category

Web3 Gaming Platform

NAICS

Amusement Arcades (71312)

SIC

Retail-Hobby, Toy & Game Shops (5945)

akta.pro primary industry

Web3 Game Publishing & Distribution Platforms (FSAPAGAA)

akta.pro secondary industries

Blockchain Game Studios & Game Development (FSAPAGAC), On-Chain Game Engines & Developer Tooling (SDKs, APIs, Unity/Unreal plugins) (FSAPAGAB)

Keywords

• Web3 gaming platform
• Blockchain gaming
• Crypto rewards
• Token economy
• Community governance

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations

Revenue model

1. Token Economics: Revenue generated through the ISK token ecosystem including token generation events, token value establishment, and platform participation rewards.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Iskra operates a single-destination Web3 game community platform built on the Base blockchain, where players and developers are rewarded based on their participation through a token-based community system. The platform centers on its native ISK token, S-NFT (Soulbound NFT) smart contracts, and an on-chain governance framework that lets participants influence platform growth while earning blockchain-based rewards.

Product overview

Iskra is a Web3 gaming platform built on Base chain, offering a unified community-driven experience. The platform centers on its native ISK token and S-NFT (Soulbound NFT) system within a broader token economy and community governance framework. Users participate in the platform through gaming activities and are rewarded via blockchain-based mechanisms. The ecosystem integrates the ISK token for value exchange, governance tokens for community decision-making, and S-NFTs for participant recognition and rewards.

Differentiator

Problem solved

Functional benefit

Products and services

• ISK Token Native cryptocurrency token of the Iskra platform used within the token economy and community system for value exchange and rewards.
• S-NFT (Soulbound NFT) Non-fungible token system on the Iskra platform represented by smart contract 0xFf94fE275E01Da460e0efAe2D964d7A32EB7F787 on Base chain, used for participant recognition and rewards.
• Iskra Governance On-chain community governance system enabling participants to influence platform growth and decision-making.
• Iskra Ecosystem The overall token economy and community system that rewards users based on their participation through a unique blockchain-based community model.

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Gate.iocoreStrategic or Co-development Partner · 22 September 2022Token Generation Event (TGE) partnership - Iskra's first TGE held on Gate.io global exchange as a key milestone in launching its platform and establishing ISK token value.

Scale indicators3 records

Recent moves8 records

Expansion highlights4 records

Emerging players

• Enjin: Blockchain-based gaming asset platform with token and NFT infrastructure used by game developers. Comparable in providing the Web3 gaming toolchain and developer-facing layer.
• Illuvium: Web3-native AAA-style open-world RPG studio with its own ILV token economy. Comparable as a token-driven Web3 game studio competing for the same player wallet share.
• WAX (now Hive): Blockchain platform purpose-built for gaming and digital collectibles, hosting numerous Web3 game titles and NFT marketplaces. Comparable as a chain-level Web3 gaming ecosystem competitor.

Broad incumbents

• Netmarble: Major Korean mobile gaming publisher with active blockchain gaming initiatives (MBX/MarbleX). Comparable as a large gaming publisher extending into Web3; also an early Iskra investor.
• Animoca Brands: Global leader in Web3 gaming and digital property with hundreds of portfolio studios and its own token ecosystem. Directly comparable as a Web3 gaming ecosystem aggregator and is also a strategic investor in Iskra.

Direct peers

• Gala Games: Web3 gaming network operating its own L1 (GalaChain) and aggregating multiple game studios under a shared token economy. Highly comparable as a single-destination Web3 gaming hub with a GALA token.
• Wemade: Korean gaming giant behind the WEMIX blockchain and 'WEMIX Play' Web3 gaming hub. Highly comparable as a Korean-rooted Web3 gaming platform with its own token economy and developer ecosystem — and an early investor in Iskra.
• The Sandbox: Decentralized gaming metaverse and creator platform with its own SAND token. Directly comparable as a community-driven Web3 gaming and UGC platform targeting both players and developers.
• Planetarium Labs: Web3 game studio/network focused on community-governed games with its own token system. Directly comparable in Web3 game publishing and token-driven community design — and a strategic investor in Iskra.

Regional players

• Kakao Games: Korean gaming publisher with Web3 exploration via its parent Kakao Group. Comparable as a Korean-rooted gaming company exploring blockchain integration, and a connected investor (Kakao Ventures) in Iskra.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/iskra-world

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds5 records

Investors14 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Iskra