a16z launches $ 600 million to invest in the gaming industry and the meta-verse

Build the future of gaming with Games Fund One

The venture capital firm a16z (Andreessen Horowitz) has announced the creation of a $ 600 million fundGames Fund One.

The purpose of this new fund is to invest in the video game industry, including those from Web3. It should be noted that the gaming industry generated several billion dollars in 2021. In this sense, the fund’s press release states:

“Games will continue to play a central role in how people socialize, play and work in the future, and the foundation will invest in game studios, game experiences, its community and its infrastructure. In the long run, we believe that gaming infrastructure and technologies will be key elements in the metaverse, an opportunity that dwarfs the current $ 300 billion gaming industry. »

The team thus intends to diversify its investment in different levels of the industry. Either way, the latter requires special attention with the advent of new technologies.

In fact, the breakthrough of Web3 combined with the various metaverse projects and non-fungible tokens (NFTs) is changing the vision of the future of video games.

👉 Reading – Metaverse: understand these virtual worlds based on blockchain and NFTs

Ten years of experience in the video game industry

The company has experience ten years in this sector and she has supported companies such as Zynga and Oculus.

In addition, investments in Riot Games, CCP, Epic Games and in games from Web3. The press release also states:

With GAMES FUND ONE, we will continue to add features and develop deeper networks that fit the gaming ecosystem to help our portfolio companies with everything from building digital communities to managing their virtual economies through best practices in intellectual property licensing and building their development teams. “

We see it, the theme of the game becomes important for the famous Andreessen Horowitz Foundation. With the advent of various technologies, there is no doubt that this sector requires special attention and therefore a specific fund.

👉 To discover – Framework Ventures will implement $ 200 million for blockchain games

Source: a16z website

Picture: account twitter a16z

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About the author: Anthony Bassetto

It was in 2017 that I discovered cryptocurrencies and blockchain technology. I would also like to share the news about this sector with you, which is in full swing, so you can be updated with the latest news.
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