Gaming VC Firm ‘Play Ventures’ Make the Step Into Blockchain Gaming
Play Ventures, a gaming VC agency, is stepping foot into the blockchain gaming world. The Singapore based mostly -firm is funding the enterprise by way of a brand new fund referred to as Play Future Fund.
Play Future Fund was arrange with a devoted goal in thoughts, to put money into tasks that mix gaming with blockchain know-how. With $75 million in commitments, the fund has already begun making investments in firms, together with an funding in GuidFi, a decentralized group that gives entry to play-to-earn video games, and ReNFT, a NFT borrowing and lending protocol.
Play Future Fund might be managed by Kendrick Drijkoningen, a Play Ventures basic accomplice. Drijkoningen has an intensive checklist of related expertise close to the position, as he beforehand ran a blockchain and cryptocurrency fund referred to as Lunex Ventures, and has additionally been making investments in gaming firms since 2012.
Play Ventures was arrange in 2018 and has sometimes centered on investing in gaming firms and start-ups which can be exterior of the blockchain ecosystem. Nonetheless, because the agency acknowledged, “open public blockchains present a clean canvas for innovators not seen because the inception of the web”, which outlines the elemental motivations behind the its dive into the blockchain gaming world.
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