Home 2022 Metaverse: A Silicon Valley investment firm launches a $600,000,000 Metaverse fund

Metaverse: A Silicon Valley investment firm launches a $600,000,000 Metaverse fund


#crypto #metaverse

“Venture capital giant Andreessen Horowitz is launching the Games One Fund dedicated to supporting innovation in the gaming industry and building the underlying infrastructure of the Metaverse“–Paul Ebeling

Andreessen Horowitz says it plans to use the fund to invest in game development studios, consumer applications that offer support games and the framework of the metaverse itself, which the firm believes is the future of gaming.

“Long term, we believe games infrastructure and technologies will be key building blocks of the metaverse…

As games evolve into virtual worlds and online services, the demand for tools and services needed to build great games is skyrocketing. Not only is this infrastructure important for games in its own right, we also believe that the coming metaverse will be built by games companies, using games technologies.”

According to the company, video games have gone through a radical transformation over the last 10yrs, becoming social media-like networks that can utilize Web 3.0 digital assets.

“Over the past decade, games have undergone a radical transformation, from simply being packaged entertainment to becoming online services that more closely resemble social networks and scale like consumer technology companies…

Furthermore, games are also driving innovation across the entire consumer ecosystem, pioneering best-in-class mechanisms for user engagement, retention, and monetization, such as microtransactions, battle passes, and Web 3.0 tokens.”

For live crypto price action click here.

Have a prosperous weekend, Keep the Faith!

Previous articleCrypto: SEC’s Crypto Assets and Cyber Units Expansion Carry Risks
Next articleHealth: Mediterranean Eating Plan Protects Against Memory Loss
Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.