Solana Ventures, Forte and Griffin Gaming put on web3 funds worth $ 150 million-

Solana Ventures, the investment arm of Solana Labs, has announced a new investment fund to add more web3 products to its network. In cooperation with Forte, a company that provides tools for blockchain integration for games, and Griffin Gaming, a VC company that invests in the global game market, Solana Ventures will open a fund of $ 150 million.

Solana dares to develop games

Solana Ventures, the capital arm of Solana Labs, has Started A new fund to tempt developers to set up game applications on Solana. Forte and Griffin Gaming are also involved in the fund, which is supposed to flow $ 150 million into the hands of blockchain gaming initiatives

The fund strives to enable Solana to be able to give further game-related developments in the past few months by introducing the meta-verse concept to a wider audience.

Web3 games enable users to participate in virtual worlds through the possession of assets and offer the opportunity to establish a market among users for them, which stimulates the creation of a self-supporting economy. Forte CEO Josh Williams said:

With the advent of NFTS and other blockchain technologies, game developers can now offer your audience ownership rights and in your games and create flourishing economies.

Tools and support for developers

Apart from the economic incentives that these funds want to offer, there is also the support of companies such as forte that offer tools for developers to integrate blockchain elements in games via an already established framework-instead of starting at zero.

Griffin Gaming, which has invested more than $ 400 million in game-related companies worldwide, also emphasized the importance of the introduction of these new game-related applications for the future of the blockchain sector. Pierre Plancechen, a partner at Griffin Gaming, explained:

Gaming and interactive media today would not be a cornerstone of the blockchain, which are not the many technical developments that Community has accomplished in the past ten years.

This is not the first fund for games and web3 that Solana Ventures has launched. The first was Started in November in cooperation with ftx and lightspeed and provided 100 million US dollar ready for the same purpose.

What do you think of Solana Ventures and his latest game-related 150 million dollar funds? Tell us in the comment area below.

sergio goschenko

sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late in the game when he entered the cryptosphere in December 2017. He has a computer engineering background, lives in Venezuela and is affected by the cryptocurrency boom at the social level via crypto success and how it helps the non-banks and under-sector.

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