FTX and Solana have produced a $ a hundred million fund to invest in blockchain video games

FTX, Solana Ventures and Lightspeed Ventures will jointly devote $ a hundred million to assistance blockchain gaming tasks on the Solana platform. The most effe...

FTX and Solana have created a $ 100 million fund to invest in blockchain games

FTX, Solana Ventures and Lightspeed Ventures will jointly devote $ a hundred million to assistance blockchain gaming tasks on the Solana platform.

FTX and Solana have created a 100 million fund
The most effective P2E game tasks in progress on Solana. Source: Soliani

With the good results of blockchain gaming like Axie Infinity, mixed with the Facebook occasion announced its emphasis on developing the metaverse, blockchain gaming is hotter than ever. In latest days, metaverse tasks like The Sandbox (SAND) or blockchain platforms like Enjin and TRON have continually announced that they are raising capital or investing big quantities of income.

Solana is no exception to this trend when she announces that she will devote $ a hundred million to generate a fund to produce blockchain video games. This initiative is also supported by the FTX exchange and the Lightspeed Ventures investment fund.

A Lightspeed Ventures representative mentioned:

“Games are the gateway to bringing billions of new customers to the Web3. We are thrilled to companion with FTX and Solana to lead this emerging section. “

Lightspeed Ventures uncovered that Faraway Games is a single of the initial gaming tasks to be supported by Solana’s $ a hundred million fund.

Synthetic Currency 68

Maybe you are interested:


Join the chat group Coinlive Chats Let’s go over scorching subjects of the DeFi marketplace with Coinlive admin crew !!!


Maybe you are interested:

More From Crypto News

Bitcoin Cash and Uniswap Rise as CME Group Announces Futures
Crypto News

Bitcoin Cash and Uniswap Rise as CME Group Announces Futures

Bitcoin Cash and Uniswap posted double-digit gains after CME Group announced plans to launch futures tied to the two assets. The moves put BCH and UNI among the...

Sep 23, 20263 min read
XRP Hits $1.60 on $7.4B Volume as Futures Fail to Confirm Squeeze
Crypto News

XRP Hits $1.60 on $7.4B Volume as Futures Fail to Confirm Squeeze

XRP futures monthly trading volume had already reached a six-month high in the period leading up to this move, suggesting derivatives markets were increasingly...

Sep 23, 20263 min read
Binance Reportedly Faces U.S. Investigation Over Iran-Linked Trading
Crypto News

Binance Reportedly Faces U.S. Investigation Over Iran-Linked Trading

S. prosecutors are reportedly examining Iran-linked trading activity on Binance, according to a report from CryptoPotato, adding a fresh layer of regulatory pre...

Sep 23, 20263 min read
Cardano Integrates x402 as ADA Gains 6%
Crypto News

Cardano Integrates x402 as ADA Gains 6%

The Cardano Foundation announced on September 21, 2026 that Cardano is now part of the official x402 payment protocol SDK, enabling any application or AI agent...

Sep 23, 20264 min read
Animoca Brands Pauses Currenc Merger Plan
Crypto News

Animoca Brands Pauses Currenc Merger Plan

Animoca Brands has paused its proposed merger with Currenc, a deal that would have served as the Web3 gaming and investment company’s route to becoming a public...

Sep 23, 20263 min read
Aave Borrowing Limit Proposal Puts Bitcoin-Backed Loans at Risk
Crypto News

Aave Borrowing Limit Proposal Puts Bitcoin-Backed Loans at Risk

A governance proposal under discussion on Aave could tighten maximum borrowing limits for Bitcoin-backed positions, and analysts warn that even a 4. 7% decline...

Sep 23, 20263 min read
Shiba Inu

Author

Shiba Inu

Read more CoinLive coverage and analysis from Shiba Inu.