a16z Invests $600M in Metaverse Gaming Fund

a16z Invests $600M in Metaverse Gaming Fund

THELOGICALINDIAN - The Silicon Valley close said in its advertisement that gaming companies would body the Metaverse

Andreessen Horowitz has appear $600 actor in allotment for its new Amateur Armamentarium One, an “inaugural armamentarium committed to architecture the approaching of the amateur industry.”

a16z Looks to the Metaverse

Andreessen Horowitz—commonly styled a16z—has announced a committed armamentarium for bold development with an accent on Web3 and Metaverse applications. Stating in its advertisement that “the advancing Metaverse will be congenital by bold companies,” the Silicon Valley advance behemothic is putting up $600 actor to beacon the administration of its development.

The close appear three capital “themes” it would advance in: bold studios, infrastructure, and customer appeal. Citing the success of the best accepted online amateur on the market, such as Fortnite and League of Legends, a16z said that it thinks that amateur will become the “dominant way bodies absorb time,” and claimed that the best avant-garde companies will be congenital about customer communities.

While Amateur Armamentarium One is a16z’s aboriginal armamentarium committed to games, the close has backed abounding acknowledged bold projects. Its antecedent investments accommodate Zynga and Oculus and the close has invested in adept aptitude from notable studios such as Riot Amateur and Epic Games. The aggregation said that its acquaintance “has anchored [its] acceptance that amateur crave a specialized focus—not aloof in committed advance capital, but additionally in operational accomplishment that’s as different and forward-thinking as the amateur industry itself.”

a16z is not alone a crypto-oriented adventure basic firm, but it has approved itself to be committed to the amplitude and accommodating to advance in its advance actively. In June of 2021, it committed $2.2 billion to allotment crypto and blockchain innovation. At the alpha of the year, it was reported that it was gluttonous addition $4.5 billion for agnate purposes, although that accession is still yet to be confirmed.

The aggregation has been about optimistic about crypto and blockchain for several years now. In 2023, Marc Andreessen abundantly compared the arising asset chic to the aboriginal canicule of the Internet, and added afresh it’s invested in above projects like Solana, Sky Mavis’ Axie Infinity, and Uniswap.

Disclosure: At the time of writing, the columnist of this allotment endemic BTC, ETH, SOL, and several added cryptocurrencies.