The Gala Games platform and venture firm C² Ventures announced the launch of a $100 million fund to back game developers and new blockchain-based projects, according to a press release.
The fund’s remit includes GameFi, metaverses and other decentralized gaming solutions.
Projects under its stewardship will also receive strategic guidance on non-fungible tokens, presale strategies, token design, in-game economies, marketing, community engagement, and monetization.
C² Ventures was founded by former top executive of Bitcoin exchange Huobi Global Ciara Sun.
Earlier, the Binance Smart Chain team and NFT-game operator Animoca Brands announced the launch of a blockchain accelerator aimed at GameFi startups.
Earlier, the investment firm Sfermion raised $100 million to build a metaverse. For the same purpose, the Bitcoin exchange KuCoin launched a $100 million fund.
In early November, the Hong Kong gaming platform The Sandbox closed a $93 million financing round, led by SoftBank’s Vision Fund 2. The funds will be directed toward the creation of a metaverse.
Similarly, blockchain company Enjin pursued similar goals when launching a $100 million fund.
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