investment and venture capital giant Andreessen Horowitz (a16z), cryptocurrency Despite the sharp decline in the sector, it continues to make innovations for the sector. A16Z, in its statement yesterday, it focused on gaming-focused consumer applications and infrastructure. 600 million dollars announced that they had set up a fund.
A16Z Builds A Massive Gaming Fund
GAMES FUND ONE The a16z fund, named a16z, invests in the future of the gaming industry. In the video published by a16z, which stands out with its crypto-focused funds, it was noteworthy that many images belong to Blockchain-based games.
We are proud to announce 𝙂𝘼𝙈𝙀𝙎 𝙁𝙐𝙉𝘿 𝙊𝙉𝙀 — $600M to build the future of the games industry, led by @andrewchen, @Tocelot& @gwertz.
Yeah, we made a hype video. pic.twitter.com/CBrG3WIzBK
— a16z (@a16z) May 18, 2022
In the statement made by A16z, it was stated that the next generation of the game industry is currently being built, and it was emphasized that this fund will actually help new games. A16z specially ROBLOX, Discord, Riot Games, Blizzard, Axie Infinity, Duskbreakers and Zynga He thanked the founders and CEOs of their companies. This shows that 2 blockchain-based games have already been included in the huge fund and this coverage will also be supported.
A16Z partner Marc Andreessen emphasized the following:
With Games Fund One, we will continue to add more functionality and develop deeper networks tailored to the gaming ecosystem so we can assist our portfolio companies with everything from building digital communities to managing their virtual economies to IP licensing best practices.
It looks like the DeFi and NFT space will continue to grow!