Solana Ventures sets up yet another $ 150 million fund to invest in blockchain video games

Solana Ventures, Solana’s investment arm, continues to announce a new $ 150 million fund for blockchain game advancement.

According to a press release launched on December 14, Solana Ventures will join Forte and Griffin Gaming Partners to set up a $ 150 million investment fund committed to gaming tasks on the Solana blockchain. Forte is the blockchain game startup that shocked the crypto globe in mid-November with a $ 725 million fundraiser, with the participation of Griffin.

It is recognized that the new investment fund will be funded in USD rather than SOL tokens. A spokesperson for Solana Ventures unveiled that it will actively invest stock in gaming tasks on Solana and strategies to use the complete $ 150 million inside the upcoming 18 months.

This is the 2nd gambling investment fund designed by Solana Ventures in the previous two months. On November five, this fund, along with FTX and Lightspeed Ventures, set aside $ a hundred million for the identical goal, as reported by Coinlive. These moves present that Solana is keen to grow to be the new focal stage of the blockchain gaming business, leveraging strengths this kind of as higher transaction pace and reduced transaction charges to entice tasks that intend to make video games.

The discipline of blockchain video games has also had lots of notable developments in the previous. In addition to the physical appearance of lots of significant investment money set up to incubate gaming tasks this kind of as KuCoin ($ a hundred million), Chromia / My Neighbor Alice / Mines of Dalarnia ($ 80 million), Hashed ($ 200 million). , Animoca Brands / Binance Smart Chain ($ 200 million) and Gala Games ($ a hundred million), common names this kind of as giant Ubisoft not long ago announced the integration of NFT into 1 of their finest video games.

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