A16z has launched a $ 600 million fund to invest in the gaming industry and the metaverse

Building the Future of the Game with Game Fund One

Venture capital firm a16z (Andreessen Horowitz) announced the creation in the $ 600 million fundA Game Fund.

The purpose of this new fund is to invest in the video game industry, including from Web3. It should be noted that the gambling industry will generate several billion dollars by 2021. In this sense, the press release from the fund specifies:

“Games will continue to play an important role in how people interact, 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 gaming infrastructures and technologies will be key elements of the metaverse, an opportunity to shrink the current $ 300 billion gaming industry. »

Therefore, the team seeks to diversify their investment into the different levels of the industry. However, the latter requires special attention, especially with the advent of new technologies.

In fact, the collapse of Web3 combined with various metaverse projects and non-fungible tokens (NFTs) is changing the outlook for the future of video games.

👉 In reading – 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 he supports companies like Zynga and Oculus.

It adds investments in Riot Games, CCP, Epic Games, and in games from Web3. The press release also says:

“With GAMES FUND ONE, we will continue to add functions and create deeper networks suitable for the games ecosystem to help our portfolio of companies in everything from building digital communities to manage their virtual economies, through best practices in licensing intellectual property and building their development teams. »

We can see this, the theme of the game becomes important for the famous Andreessen Horowitz fund. With the advent of various technologies, there is no doubt that this sector is in need special attention and therefore a specific fund.

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Source: a16z website

Picture: story twitter a16z

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About the Author: Anthony Bassetto

In 2017 I discovered cryptocurrencies and blockchain technology. Also, I want to share with you the news of this sector, which is flowing, so that you can get the latest news.
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