According to The Block, the gaming infrastructure protocol Lysto completed a $12 million Series A round led by Square Peg, Beenext and Hashed, with participation from Tiger Global and Better Capital. Individual investors include former Coinbase CTO Balaji Srinivasan, Pantera Capital partner Paul Veradittakit, Flipkart co-founder Binny Bansal, CoinGecko co-founder Bobby Ong and TM Lee. Sadiq Ahamed, founder and CEO of Lysto, said that Lysto aims to develop a protocol to help gamers obtain on-chain digital credentials and use them to demonstrate their skills to find partners or participate in competitions. Lysto is currently being tested on Polygon, and will first be extended to Solana, ImmutableX, and Flow in the future. Lysto previously completed a $3 million financing in November 2021.