The fund, called zVentures Web3 Incubator, will leverage its expertise to grow early-stage projects building blockchain-based gaming infrastructure.
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Cam Thompson
Cam Thompson is a news reporter at CoinDesk.
Follow @camgthompson on Twitter
Featured SpeakerYat SiuCo-Founder and Executive ChairmanAnimoca Brands
Where is Web3 headed? Take a look to the future with this pioneering investor in the metaverse and NFTs.Secure Your Seat
Gaming technology company Razer is tapping into Web3 by rolling out an investment fund to support blockchain-based games and developers.
Called zVentures Web3 Incubator (ZW3I), the fund will identify and invest in promising early-stage Web3 gaming projects. Using its expertise and network, it will focus on enhancing the gamer experience through games that are fun to play, provide a sound roadmap and are backed by an established team.
Lawrence Lin, director of blockchain at Razer, said in a press release that zW3I will be able to not only support emerging projects but also pave the way for mass adoption within the broader gaming industry.
“The gaming experience is the most important aspect of any successful game launch,” said Lin. “With blockchain technologies and support from companies with strong gaming knowledge, we are certain that Web3 will revolutionize this experience for all.”
ZW3I-funded companies will be able to access Razer’s marketing and partnership resources, as well as zVentures’ Web3 partners including leading gaming investment firms Animoca Brands and Griffin Gaming Partners, software company Amazon Web Services, and more.
Despite the ongoing lull in the crypto market, large amounts of capital continue to be invested in Web3 gaming. In May 2022, crypto investment firm a16z said they would dedicate $600 million to invest in the growing blockchain-based gaming sector. Last week, gaming-focused VC firm Bitkraft raised over $220 million for a “token fund” to continue to invest capital into Web3 gaming.
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Cam Thompson
Cam Thompson is a news reporter at CoinDesk.
Follow @camgthompson on Twitter
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Cam Thompson
Cam Thompson is a news reporter at CoinDesk.
Follow @camgthompson on Twitter
