Connect with us
Prague Gaming & TECH Summit 2024


Blockchain development giant Brugu makes US$25 million windfall gains




Brugu Software Solutions, one of India’s fastest growing blockchain development and engineering companies, has announced a major boost in its annual revenue, thanks to a flurry of new business and strategic alignments with key clientele.

Brugu has hit a market capitalization of $28.5 million in the first quarter of 2022.

The company witnessed a threefold increase in the number of clientele during the past year thanks to massive adoption of DeFi in the financial sector, metaverse in gaming and Web 3.0.

“This has been the best year for us so far. We are banking on the exceptional growth of the blockchain and crypto industry being driven by an increase in the adoption of NFT and metaverse,” says V.S. Kiran Paturi, CEO, Brugu Software Solutions.

As per a recent report by Fact.MR, the blockchain technology market is expected to register a CAGR of 84 per cent during the next ten years to touch US$ 3,273.83 billion by 2032. Separately, another report based on estimates compiled by Bloomberg using trading volume data indicates that about USD$3 million is being generated every day in profit alone by the top ten cryptocurrency exchanges.

“These are big numbers. The industry is all set to grow further following new regulatory guidelines and widespread use of blockchain technology,” says Kiran.

Brugu offers end-to-end blockchain development solutions including blockchain technology consulting, development of dApps, smart contracts, blockchain wallets and decentralized exchanges, and tokenization.

Brugu has also entered into  strategic alliances with some of its select clients. “We have initiated key agreements with select partners, where in addition to the development fee we also acquire stocks and participate in their growth journey,” says Kiran.

“For one such client, we had a mandate to develop the smart contract system along with the token presale platform besides offering consultancy service prior to listing on various exchanges. It took them just three weeks to reach a market capitalization valuation of approximately $1 billion, making it the fastest-growing crypto project ever,” added Kiran. This partnership, where Brugu holds a stake, along with new projects and associations is all set to catapult the company’s market capitalization to US$200 million by the end of 2022.

“We are working on a new metaverse gaming project, which is in the advanced stages of completion. We are expecting a ten-fold increase in our growth by the end of the year,” adds Kiran.

Brugu is also gearing up to achieve a valuation of US$1 billion by 2024.


CryptoBlox Technologies Inc.



Continue Reading


Zero Hash bolsters its ecosystem support with addition of Aptos blockchain



Continue Reading


Green Fintech Market Size – Global Forecasts to 2029



Continue Reading

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE