Some of the biggest blockchain investment firms have led a new investment fund dedicated to web 3 gaming, also known as GameFi, which could open the door to a highly profitable industry that sees merging cryptocurrency and blockchain with the traditional gaming sector.
On Friday, Ventures, Lightspeed Venture Partners, and FTX announced the launch of the $100 million GameFi Eco Fund. The companies said the money will be used to invest in game studios, tech companies and other projects “at the intersection of blockchain and gaming.”
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