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Representatives of the venture capital company Andreessen Horowitz (a16z) told details about the launch of the fund in the amount of $ 600 million for the cryptocurrency industry. The management confirmed the information that appeared that they decided to take an active part in the development of blockchain games.
The firm assured that this industry will be of key importance for communications between people and that is why the organization decided to focus on investing in this sector. According to representatives of the company, it is gaming that will become the basis for how people will work and communicate with each other in this century. They stressed that the Metaverse continues to develop very quickly and financial forecasts are also very optimistic.
The founders of the company said that they have been investing in the gaming industry for more than 10 years, but the current fund will be the largest in the history of the organization. Games Fund One is designed to invest in various areas of the gaming industry. First of all, support will be provided to development studios, with some of them the company has already established close cooperation.
The fund’s focus will be on the projects of interactive social platforms on which gamers build relationships not only in the gaming sense, but also in business.
The firm also planned to invest in virtual communities. The creation of new digital teams and guilds will be one of the priorities of the a16z development vector.
Earlier, the editors of Crypto.ru reported that battlebound completed the fundraising round. They managed to raise a little less than $ 5 million The leader was Andreessen Horowitz, in addition, Play Ventures, Dapper Labs studio, as well as representatives of yield Guild Games took part.
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