There is more for one investment fund specializing in games. The venture company C2 Ventures and the blockchain platform Gala Games have opened their own fund for $ 100 million. The money will be invested in blockchain projects.
Legacy”By opening our fund, C2 Ventures and I want to support a new class of developers capable of creating blockchain games that are interesting to millions of people,” said James Olden, Director of strategy at Gala Games.
The new venture fund intends to invest in games, the economy of which is formed around the principle of “play to earn” (play to earn). He will also support projects related to the concept of the metaverse.
It is unknown how much and on what terms the fund is going to invest. But it is reported that in addition to money, he will share tips with game developers about working with NFT, presale, token design, monetization, marketing and interaction with the community.
Gala Games is a platform for blockchain games. It was launched in 2019 Eric Schiermeyer, one of the founders of Zynga. There are currently seven games in the platform’s catalog. Among them is the recently announced Legacy business simulator by Peter Molyneux, author of Black & White. Later, a blockchain game in the Walking Dead universe – The Walking Dead: Empires — will be released on the platform.
At the moment, the monthly audience of Gala Games is 1.3 million active users.
C2 Ventures is an early—stage venture fund founded in 2014. It is headed by Ciara Sun, the former head of the listing department of the Huobi Global bitcoin exchange.