Popular investment fund Andreessen Horowitz (a16z) mentioned it will commit $ 600 million to develop a separate investment fund for the gaming section.
a16z claims to have invested in video video games for a lot more than a decade, but with a new fund termed “Games Fund One”, it ideas to use the $ 600 million to develop “the future of games”.
In addition, a16z will develop a sub-division to entirely deal with the investments in video games and Games Fund One, termed a16z Games.
The investment fund states:
“Games Fund One will play an important role in how we socialize, play and work together in the next century.”
With the $ 600M ππΌπππ ππππΏ, we program to invest in:
πΎ Game research.
π± Consumer apps that assistance gamers.
π Infrastructure equipment and providers desired to develop wonderful video games. https://t.co/OTwZk3uEin– a16z (@ a16z) May 18, 2022
Games Fund One will at first invest in game studios, shopper applications with integrated video games and infrastructure serving the video games business.
The fund directory on the web page consists of lots of renowned names in the cryptocurrency business this kind of as Sky Mavis (the organization that develops Axie Infinity), Dapper Labs (the unit behind blockchain Flow and the NFT Top Shot undertaking), Forte, League of video games. Kingdoms (IEO on Binance), the standard sandbox game Roblox and game studio Zynga.
a16z believes that the cash they commit now will aid form the long term metaverse, a universe of the virtual planet that, in accordance to them, has surpassed the $ 300 billion well worth of the gaming business at this time.
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