A16z Launches $600 Million Web3 Gaming Focused Fund

A16z Launches $600 Million Web3 Gaming Focused Fund

THELOGICALINDIAN - A16z has launched a new armamentarium that seeks to advance 600 actor in gaming adventures including Web3 and metaverse The armamentarium which seeks to body the approaching of the gaming industry aims to aback several startups and projects in altered areas including gaming studios the circle of gaming and consumers and basement This move complements the investments that the VC has fabricated in added gaming and metaverseinvolved startups

A16z Doubles Down on Gaming

Executives at a16z assume to be absorbed by the circle of metaverse, Web3, and gaming accident now in the industry. The aggregation has announced the barrage of a $600 actor gaming armamentarium alleged Games Armamentarium One, which seeks to ability startups in the industry in three key sectors, including gaming studios, gaming relationships, and basement building.

The fund, according to the company, bases its operation on the acceptance that “games will comedy a cardinal role in defining how we socialize, play, and assignment over the abutting century.” This is a accustomed footfall up from the investments that the aggregation has fabricated in acceptable and Web3 gaming startups, including Epic Games and companies like Metatheory and Sky Mavis.

On how the armamentarium ability advice their portfolio startups, the aggregation stated:

A Metaverse Opportunity

A16z supports the abstraction that these investments will additionally be key to the development of the metaverse, an alternating apple in which bodies will be able to interact. In this sense, a16z declared:

The addition of the metaverse in the gaming acreage agency that there could be an actualization of new technologies able of acknowledging such activities in the basic world. These gaming adventures can additionally accompany tokens into the environment, directed to amuse the charge for built-in payments in the area. A16z recognizes this potential, advertence that “games are additionally active addition beyond the absolute customer ecosystem, beat … monetization, such as microtransactions, action passes, and web3 tokens.”

The metaverse abstraction is already accountable to abundant advance by several parties, and Citi has estimated that the absolute bazaar of the metaverse abridgement ability abound up to $13 billion by 2030, alluring added than 5 billion people.

What do you anticipate about the $600 actor gaming armamentarium launched by a16z? Tell us in the comments area below.

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