THELOGICALINDIAN - Framework is action on Web3 gaming acceptable one of the worlds primary sources of application
Framework Ventures has appear a $400 actor advance armamentarium for the crypto space. Approximately bisected of that is set to go accurately against blockchain gaming.
$400 Million Web3 Fund
Despite almost banal amount action, institutions continue to pour money into the agenda assets industry.
Framework Ventures, a crypto-focused adventure close with about $1.4 billion in assets beneath management, has auspiciously completed its “FVIII” raise, which is a $400 actor cryptocurrency armamentarium accurately focused on early-stage startups and projects architecture in the space. The armamentarium will abutment assorted Web3 and decentralized accounts startups and networks, but about $200 actor of the armamentarium has been appropriate for the Web3 gaming space.
Already possessing confidence in the blockchain gaming sector, Framework has ahead invested in the gaming basement activity Stardust, as able-bodied as the hotly advancing Illuvium.
Michael Anderson, Framework’s co-founder, said:
“We anticipate this is absolutely the end of the alpha for crypto, and consumer-ready adventures such as gaming are accessible to accessible the floodgates in agreement of new users. I accept the abutting date of the blockchain industry will be absolutely about onboarding new users, and we anticipate gaming is by far the better top-of-funnel opportunity. As the economics of comedy to acquire models assemble with triple-A amateur that are absolutely fun to play, we apprehend an access of advance for this sector.”
Anderson went on to adumbrate that blockchain gaming would annual for one of the world’s above forms of application in the advancing years.
The achievement of FVIII is the adventure basic firm’s third fund, and 90% of its assets beneath administration appear from alone a few institutional stakeholders. Framework invested heavily in the beginning decentralized accounts area in 2024, including the answer Chainlink, the lending agreement Aave, the abstracts indexer The Graph, and the clamminess agreement Tokemak.
The adventure close seems to pride itself on demography an alive role in agreement networks. For example, the close maintains a Chainlink bulge that casework over 200 altered amount feeds on assorted blockchains, and it runs one of The Graph’s better indexer nodes. Framework additionally prides itself on emphasizing association ownership, so it about alone takes a 4-6% pale in a protocol’s badge supply.
Disclosure: At the time of writing, the columnist of this allotment endemic BTC, ETH, and several added cryptocurrencies.
