Catena Media Diversifies Portfolio with Investment in Collectbase and “Rips”
Photo: GamblingNews
Catena Media continues to diversify its portfolio, with its new VC arm now moving to invest in Collectbase Inc ., the parent company of Repackz . The company describes itself as a digital gaming entity that is based on physical trading cards, and part of a new vertical called “rips.” This early adoption signals that the company, which has suffered operational setbacks from changing algorithms and marketing in traditional iGaming, is seeking alternative revenue sources , with rips as one opportunity , though far from the success of prediction market or sweepstakes online casinos so far.
Source: GamblingNews
