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Gala Games and C² Ventures to Launch $ 100 Million Fund to Invest in Blockchain Games

by Vaibhav
December 13, 2021
in News
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Gala Games and C² Ventures to Launch $ 100 Million Fund to Invest in Blockchain Games
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Gaming platform Gala Games and venture capital firm C² Ventures have announced the launch of a $ 100 million fund to invest in game developers and new blockchain projects. This is stated in a press release.

The interests of the foundation include GameFi, metaverse and other decentralized gaming solutions.

Trusted projects will also receive intellectual support in the form of advice on non-fungible tokens, pre-sale strategies, token design, in-game economics, marketing, community engagement and monetization.

C² Ventures was founded by Ciara Sun, a former top manager of Bitcoin exchange Huobi Global.

Earlier, the Binance Smart Chain team and NFT games operator Animoca Brands announced the launch of a blockchain incubator focused on GameFi startups.

Recall that the investment company Sfermion raised $ 100 million to create the metaverse. For the same purpose, the bitcoin exchange KuCoin launched a $ 100 million fund.

See also  The Swiss crypto city of Lugano will introduce BTC education in schools

In early November, Hong Kong-based gaming platform The Sandbox closed a $ 93 million funding round led by SoftBank’s Vision Fund 2. The company will use the raised funds to create the metaverse.

Blockchain company Enjin pursued similar goals when launching a $ 100 million fund.

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Gaming platform Gala Games and venture capital firm C² Ventures have announced the launch of a $ 100 million fund to invest in game developers and new blockchain projects. This is stated in a press release.

See also  Community Driven Cryptocurrency Projects Are Still Thriving Despite Obstacles

The interests of the foundation include GameFi, metaverse and other decentralized gaming solutions.

Trusted projects will also receive intellectual support in the form of advice on non-fungible tokens, pre-sale strategies, token design, in-game economics, marketing, community engagement and monetization.

C² Ventures was founded by Ciara Sun, a former top manager of Bitcoin exchange Huobi Global.

Earlier, the Binance Smart Chain team and NFT games operator Animoca Brands announced the launch of a blockchain incubator focused on GameFi startups.

See also  ConsenSys voted to integrate Uniswap v3 into BNB Chain

Recall that the investment company Sfermion raised $ 100 million to create the metaverse. For the same purpose, the bitcoin exchange KuCoin launched a $ 100 million fund.

In early November, Hong Kong-based gaming platform The Sandbox closed a $ 93 million funding round led by SoftBank’s Vision Fund 2. The company will use the raised funds to create the metaverse.

Blockchain company Enjin pursued similar goals when launching a $ 100 million fund.

Subscribe to Cryplogger news on Telegram: Cryplogger Feed – the entire news feed, Cryplogger – the most important news, infographics and opinions.

Found a mistake in the text? Select it and press CTRL + ENTER

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