FTX, Lightspeed and Solana Ventures establish a $100 million fund to back blockchain games

Solana Ventures, Lightspeed Venture Partners and FTX have announced the creation of a $100 million fund to invest in startups developing blockchain games. The announcement was reported by Yahoo Finance.

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Presumably, under the initiative, teams that integrate existing and forthcoming games into the Solana network will receive financial support. This will enable in-game economies based on NFTs and blockchain payments.

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The collaboration has already led to the first investments: FTX and Lightspeed co-led a financing round of $21 million for the game studio Faraway.

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«У игр есть огромная возможность привести в Web 3.0 миллиард пользователей. Высокопроизводительные блокчейны, как Solana, способны предоставить геймерам те возможности, которые они ожидают от Web 2.0, но уже с преимуществами децентрализованных систем», — заявила партнер Lightspeed Эми Ву.

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On November 5, launch of a $100 million fund to support game developers for its ecosystem was announced by the blockchain company Enjin. The firm intends to create a metaverse—a virtual world for users.

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The concept drew wide attention when the rollout of such a solution announced by Mark Zuckerberg; Facebook rebranded as Meta, and its head described the metaverse as \”the next frontier\” for the company.

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In November, the NFT project The Sandbox attracted $93 million to build the metaverse.

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The Sfermion created a $100 million fund to back a similar initiative. Investors include billionaire Alan Howard, Cameron and Tyler Winklevoss, Marc Andreessen and others.

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