Gala Games produces a $ a hundred million fund to invest in blockchain video games

Gala Games is the following title to announce a “huge fund” devoted to the growth of blockchain video games.

On the evening of December 13, blockchain gaming platform Gala Games (GALA) announced that it will join the C2 Ventures investment fund to develop a $ a hundred million fund to build perform-to-earn video games, metaverse and engineering applications. .

Gala Games and C² Ventures launch a $ a hundred million fund for blockchain video games https://t.co/oKsRfApSij from @deantak

– VentureBeat (@VentureBeat) December 13, 2021

Gala Games is 1 of the primary blockchain game developers now, with several video games coming up like Legacy, Mirandus, Town Star, The Walking Dead Empires, and so on.

C2 Ventures is a newly established investment fund, led by Ciara Sun, former investment director of Huobi Exchange.

James Olden, Chief Strategy Officer of Gala Games, explained:

“As an emerging discipline, blockchain gaming wants a clear and constant way of growth to develop into available to the masses. Through the new fund we have organized in partnership with C2 Ventures, we aim to enable new developers develop blockchain video games that attain hundreds of thousands of consumers about the planet. “

In addition to delivering grants, the Gala Games and C2 Ventures investment fund will share useful experiences with tasks on how to establish NFT release techniques, tokenomics, in-game economics, game model to earn sustainability, marketing and advertising and local community developing,. ..

Additionally, Gala Games unveiled that they have picked Huobi Global Exchange as their cryptocurrency exchange companion and serve as an advisor to them in additional establishing the Webthree section.

The cryptocurrency discipline in basic and NFT / gaming / metaverse in distinct have continually noticed the emergence of huge investment money in current many years. In addition to stimulus packages and ecosystem growth money well worth up to billions of bucks well worth of blockchain, several primary names in the field also have several “heavy spending” moves, this kind of as Enjin (establishing a $ a hundred billion fund). bucks). million bucks to build the metaverse in the ecosystem), Animoca Brands (build metaverse for K-pop), TRON (a hundred million dollar fund for NFT), FTX / Solana (a hundred million dollar fund to build blockchain video games) , KuCoin (develop a $ a hundred million fund to invest in video games / metaverse), Chromia / My Neighbor Alice / Mines of Dalarnia (set up a $ 80 million fund to build the metaverse), TIME Magazine (develop a separate column for the metaverse), Hashed invested fund (set up a $ 200 million fund for the growth of Web applications3) and Animoca Brands / Binance Smart Chain (designed a $ 200 million fund for the growth of GameFi).

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