3 years ago
Brandy covers crypto-related task superior deals for CoinDesk.
Venture superior elephantine Andreessen Horowitz (a16z) has launched its inaugural gaming money with plans to put $600 cardinal crossed crippled studios, gaming-related user apps and infrastructure.
“Today, we are arrogant to denote GAMES FUND ONE, a16z’s inaugural money dedicated to gathering the aboriginal of the games industry. Having been investors successful this abstraction for much than a decade, it’s wide to america the manufacture has entered a caller era, and determination is nary amended clip than present to physique a money focused connected supporting the adjacent procreation of games builders,” wrote a16z squad members Andrew Chen, Jonathan Lai, and James Gwertzman successful a blog post.
The institution said its fund, Games Company ONE, is “founded connected the content that games volition play a pivotal relation successful defining however we socialize, play, and enactment implicit the adjacent century.”
A16z isn’t a crypto autochthonal steadfast but has go 1 of the largest names successful the space. Last summer, the firm allocated $2.2 billion for its 3rd crypto fund, which was the largest crypto money successful past until Paradigm debuted its $2.5 billion conveyance successful November.
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Brandy covers crypto-related task superior deals for CoinDesk.
Brandy covers crypto-related task superior deals for CoinDesk.
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