THELOGICALINDIAN - Solana Ventures Lightspeed Venture Partners and FTX are action on the approaching of crypto gaming
Solana Ventures, Lightspeed Venture Partners, and FTX accept appear a collective $100 actor action that will focus on blockchain gaming.
$100M Crypto Gaming Fund Announced
As crypto gaming looks set to arise in acceptance afterward booms in DeFi and NFTs, Solana Ventures, Lightspeed Venture Partners, and FTX accept appear a collective $100 actor fund.
The armamentarium has been accustomed to advance in Web3 gaming. Amy Wu, a accomplice at Lightspeed, said that “gaming has a massive befalling to accompany the abutting billion users to Web3,” abacus that Solana’s “high-performance” capabilities accomplish it a able applicant to abutment the advance of gaming. Lightspeed Adventure Partners is a adventure basic close captivation $10 billion in assets beneath management. It has backed several crypto-native companies, including Ripple, Audius, and FTX. Lightspeed has additionally invested added than $300 actor in crypto and gaming, including Epic Games, the architect of Fortnite.
According a July report appear by Newzoo, the gaming bazaar is set to accomplish added than $200 billion by 2023. Solana Ventures and FTX are additionally able-bodied positioned to capitalize on the befalling that the Web3 gaming area presents. Solana Ventures is the advance arm of Solana Labs, committed to advance in arising projects architecture on the Solana blockchain. FTX, which has raised $1.3 billion in the aftermost few months, additionally has abutting ties to Solana, accepting launched its own NFT marketplaces on the accelerated chain. FTX’s CEO, Sam Bankman-Fried, is broadly advised the face of Solana as he has been a big adherent of the activity back its inception.
Solana currently hosts over 2.2 actor NFTs beyond 125 collections, as able-bodied as several blockchain games. On the $100 actor initiative, Solana Labs CEO Anatoly Yakovenko said:
“In the aftermost few months, we’ve apparent accomplished bold builders leave their jobs at Riot, EA, Scopely, and added accustomed gaming firms to body Web3 amateur on Solana.”
FTX’s Head of Product Ramnik Arora added that the barter was aflame to assignment on the initiative, acquainted that “Solana brings calm the best technology and aggregation to abode the needs of blockchain gaming.”
Per a columnist release, the armamentarium has initially invested $21 actor in Faraway Games. The Web3 gaming flat is advancing to barrage a Solana-based multiplayer bold alleged Mini Royale: Nations—the barrage is slated for abutting month.
Disclaimer: At the time of writing, the columnist of this allotment captivated XRP, Audio, Luna, and several added cryptocurrencies.
