Loading...

Blockchain Capital Concludes Two Funds Worth $580M, Targets Crypto Gaming

Most read

Loading Most Ready posts..

Venture capital group Blockchain Capital announced the closing of two new funds, totaling $580 million, to invest in the Web3 ecosystem. The group is particularly excited about the potential of crypto gaming.

Crypto gaming is a rapidly growing sector with a large and engaged user base. Blockchain Capital says it can potentially revolutionize how people play and interact with video games. 

Bold Move in Bear Market

The $580 million funds is Blockchain Capital’s largest raise to date. It includes a $380 million early-stage fund and a $200 million “opportunity fund” for later-stage investments. It is Blockchain Capital’s first-ever opportunity fund.

Blockchain Capital’s general partner, Spencer Bogart, said that the firm is still bullish on the long-term prospects of the blockchain industry. He asserted the firm’s optimism even though the crypto market is experiencing a bearish trend. He also said the firm is now leading most of the funding rounds it participates in, meaning more control over the deals it makes and the companies it invests in.

Blockchain Capital’s new funds will focus on six key sectors: decentralized finance (DeFi), centralized finance (CeFi), centralized infrastructure, decentralized infrastructure, gaming, and consumer/social.

In a press release, Blockchain Capital said that its investment strategy “isn’t about sectors; it’s about harnessing blockchain technology to realign incentives, reestablish user trust and reengineer the social contract of our increasingly digital world.”

Blockchain Capital has a track record of investing in successful blockchain companies, including Kraken, OpenSea, and Coinbase. The firm’s latest raise is a sign of the growing confidence from investors in the future of blockchain technology.

Crypto Gaming Potential

The crypto gaming sector is one of the areas that Blockchain Capital is particularly interested in. The world of crypto gaming is rapidly evolving, and there is still a long way to go before it reaches its full potential. However, the potential is enormous, and Blockchain Capital believes that crypto gaming has the potential to revolutionize the gaming industry.

Some popular genres within the sector use unique game mechanics that leverage blockchain technology. However, gamers have high expectations of how crypto gaming can bring something new to the table.

According to Scott Sunarto, the founder and CEO of Argus Labs, there’s still a long way to go before crypto gaming reaches its full potential. For Sunarto, the future of crypto gaming is in innovation and unique game mechanics that use the full potential of blockchain technology.

Gods Unchained is an example of how developers can take a classic gaming favorite and take it to a new level with blockchain technology. The game gives players actual ownership of their in-game items. All cards are NFTs, meaning players can trade them with other players on the open market. This gives players a way to earn cryptocurrency by playing the game.

Meanwhile, DeFi games are where finance and gaming combine. These games use DeFi protocols to allow players to earn cryptocurrency and other digital assets. One of the critical advantages of DeFi games is that they offer players a more transparent and fair gaming experience.

DeFi games change the way people play casino games. Online casinos with DeFi protocols offer players a thrilling and decentralized way to test their luck while having fun. For example, players can try their hand at the wildly popular Double Rainbow slot for a chance at crypto riches.

The future of crypto gaming is bright, but developers must be prepared to meet the demands of a new generation of gamers. Sunarto emphasizes that the “next billion gamers” have high expectations and look for more than another game with NFTs.

An example of this is crypto MMORPG. These massive online games let players interact with each other and explore immersive digital realms. Crypto MMORPGs are relatively new compared to other crypto gaming genres. However, games like Ragnarok Landverse can change how people play MMORPGs.

Disclaimer. This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Cryptopolitan.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Share link:

Guest User

Stay on top of crypto news, get daily updates in your inbox

Related News

Cryptopolitan
Subscribe to CryptoPolitan