HomeNewsVC firm Konvoy launches new $150M fund, eyes blockchain-based games

VC firm Konvoy launches new $150M fund, eyes blockchain-based games

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VC firm Konvoy launches new $150M fund, eyes blockchain-based games

Mission capital company Konvoy Ventures is located to fork out no longer decrease than $30 million to support varied cryptocurrency and blockchain-essentially essentially based entirely on video games.

The American company introduced the origin of Konvoy Fund III, with $150 million in the capital that it plans to speculate in a unfold of platforms and applied sciences in the world gaming sector. In accordance with Bloomberg, up to 30% ($45 million) of the fund shall be allotted to the crypto and blockchain gaming set.

Konvoy is no stranger to the field of cryptocurrencies and blockchain-essentially essentially based entirely on video games. The company boasts an ambitious portfolio of gaming corporations and initiatives which it has funded, alongside the likes of Axie Infinity creators Sky Mavis, Metaverse avatar platform Willing Participant Me, and originate-world NFT game Genopets.

The company has invested in a whole of 35 corporations so far via its first two funds in North America, Europe, the Center East, Africa, and South-East Asia.

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Curiosity in blockchain-essentially essentially based entirely on video games has increased over the past year, with play-to-construct and NFT-that comprises video games’ huge focal functions in the industry. There has been no scarcity of funding either, with Konvoy’s most up-to-date fund following a $32 million investment made by Animoca Producers, Samsung Next, and WeMade into Planetarium Labs.

A fresh document from DappRadar additionally outlined a persistent passion for GameFi initiatives. The likes of A16z and Neat Labs have pledged spherical $1.3B in investments in GameFi and Metaverse initiatives and applied sciences.

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