The Korean gaming company GXC with a not very clear anamnesis (the website states that the company is directly looking for unrealized needs of the gaming sector in order to transform them into business ideas) launched the $40 million Round Ventures fund. The money will be used to support young gaming teams and startups.
That’s just the understanding of the young playing team at the foundation is strange. It is stated that he will invest amounts from $2 million to $8 million in companies whose total valuation will be from $10 million to $50 million.
Again, it is surprising: the foundation expects that young gaming teams and startups are already making money on the product in operation and are actively developing the next one.