$3B flows to metaverse and Web3 gaming this month as a16z tips in $600M
We all know that some aspects cannot be separated in the metaverse.
Crypto, NFTs, Blockchain and even games.
That’s all being the part of metaverse since the first time metaverse emerge.
However, is metaverse the right place for gaming industry?
What will investors bring back home from gaming industry in the metaverse?
Venture capital firm Andreessen Horowitz (a16z)
Has launched a $600 million fund dedicated to gaming startups with a focus on Web3,
They believe that games infrastructure and technologies will be key building blocks of the Metaverse.
Dubbed Games Fund One, the fund will invest in three main areas:
game studios, consumer applications — which support player communities, with Discord used as an example — and gaming infrastructure providers.
The a16z team said their coming metaverse solved many problems in the virtual world
Some people may will love to spend their time in the metaverse to play their favorite games
Therefore, a16z comes to give players solution
Seeing the good opportunity and future growth in the virtual world
Then, the move by a16z marks nearly $3 billion committed by venture funds
And gaming industry giants into Web3 or metaverse projects since mid-April.
Venture firm White Star Capital raised $120 million for its decentralized finance (DeFi)
And gaming-focused fund, along with a $200 million allocation to blockchain game projects by Framework Ventures, both taking place in April 2022.
Metaverse projects are also gaining massive sums from gaming industry titans.
Last month, Epic Games, creator of the popular Fortnite title, raised $2 billion to create a metaverse with funding from Sony and Lego.
As a result, several companies start to take a part in metaverse.
They seeing a positive feedback from the player
Moreover, in this era, metaverse may be the right place for the gaming industry growth.
- Related news: Welcoming The U.S. Military In Metaverse!