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Gaming platform Gala Games and venture capital firm C² Ventures have announced the launch of a $ 100 million fund to invest in game developers and new blockchain projects. This is stated in a press release.
The interests of the foundation include GameFi, metaverse and other decentralized gaming solutions.
Trusted projects will also receive intellectual support in the form of advice on non-fungible tokens, pre-sale strategies, token design, in-game economics, marketing, community engagement and monetization.
C² Ventures was founded by Ciara Sun, a former top manager of Bitcoin exchange Huobi Global.
Earlier, the Binance Smart Chain team and NFT games operator Animoca Brands announced the launch of a blockchain incubator focused on GameFi startups.
Recall that the investment company Sfermion raised $ 100 million to create the metaverse. For the same purpose, the bitcoin exchange KuCoin launched a fund of $ 100 million.
In early November, Hong Kong-based gaming platform The Sandbox closed a $ 93 million funding round led by SoftBank’s Vision Fund 2. The company will use the funds raised to create the metaverse.
Blockchain company Enjin pursued similar goals when launching a $ 100 million fund.
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