The blockchain gaming platform Gala Video games has simply introduced a brand new joint fund with C2 Ventures. Totalling $100 million in capital, the duo has set their sights on promising blockchain gaming and metaverse initiatives.
Gala has additionally appointed Huobi International as an advisory companion for its web3 & metaverse initiatives as a part of this partnership. Longer-term, Huobi will even be taking a extra sensible position in itemizing the long run challenge tokens. In a current assertion, Chief Technique Officer for Gala Video games, James Olden, shared the group’s imaginative and prescient of cultivating a brand new technology of initiatives and video games with this new fund.
“By means of our new fund with C2 Ventures, we purpose to help a brand new class of builders who can construct genuinely entertaining video games powered by blockchain know-how.”
Gala Video games made the headlines extra lately for its twin bulletins that The Strolling Lifeless and Peter Molyneux are coming into the blockchain gaming fray. Alongside Gala, C2 Ventures brings with it a eager eye for promising investments, having been established by Huobi’s former head of blockchain investments.
With a lot new capital funnelling into the world of blockchain and NFTs, there may be optimism within the discipline. However, a saturation of funding means aspiring initiatives & builders might want to look out for the funds with the very best ratio of capital to institutional experience.
Try Gala Video games right here.
And proceed the dialogue in our Telegram group, and don’t neglect to comply with BlockchainGamer.biz on Twitter and YouTube.
