Building the Future of Gaming with Games Fund One
Venture capital firm a16z (Andreessen Horowitz) has announced the creation of a fund of 600 million dollarsGames Fund One.
The objective 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 press release from the fund specifies:
“Games will continue to play a central role in how people socialize, play and work in the future, and the fund will invest in game studios, game experiences, its community and its infrastructure. In the long term, we believe that games infrastructure and technologies will be key elements of the metaverse, an opportunity that dwarfs the current $300 billion games industry. »
Thus, the team intends to diversify its investment in the different levels of the industry. Be that as it may, the latter requires special attention, in particular with the arrival of emerging technologies.
Indeed, the breakthrough of Web3 combined with the various metaverse projects and non-fungible tokens (NFTs) changes the vision of the future of video games.
👉 To read – Metaverse: understanding these virtual worlds based on blockchain and NFTs
A decade 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.
Added to this are 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 functions and develop deeper networks suitable for the games ecosystem to help our portfolio companies in 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 fund. With the emergence of different technologies, there is no doubt that this sector requires special attention and therefore a specific fund.
👉 To discover – Framework Ventures will deploy $200 million for blockchain gaming
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. Also, I would like to share with you the news of this sector, which is in full swing, so that you can be up to date with the latest news.
All articles by Anthony Bassetto.