In September, blockchain gamification platform DeFi Land raised $4.1 million to launch a new DeFi game on Solana. Blockchain game Axie Infinity has emerged as one of the most popular Ethereum-based NFT games this year, with its native token AXS reaching a new all-time high above $155 on Monday. The gaming industry has proved ripe for crypto adoption, with many new use cases for decentralized finance (DeFi) and NFTs. ![]() 1, 2021, with a portfolio spanning more than 60 companies across North America, Europe and Asia. The venture capital firm has more than $540 million in assets under management as of Oct. Related: Axie Infinity developer secures $152M in Series B funding from investorsĪccording to Bitkraft Ventures founding general partner Jens Hilgers, the fund is looking to have invested in about 25 more companies by the end of 2022. We are beginning to see some exciting activity on Solana and will be closely monitoring early gaming projects in that ecosystem.” While the fund has mainly invested in startups building on the Ethereum blockchain, Kicks stated, “We adopt a chain-agnostic approach and assess each project on a case-by-case basis. “We were only able to announce the funding after final closing but have been actively deploying from it,” he added. Kicks joined Bitkraft earlier this year to lead the company’s investment efforts in crypto and NFTs.īitkraft stated that the fund has already closed six investments, including projects such as Yield Guild Games (YGG), Immutable, Alethea AI and Horizon Games. Both YGG and Alethea are direct token investments, Kicks told Cointelegraph. The new token fund is led by Piers Kicks, a founding partner in the investment arm of crypto research firm Delphi Digital. In order to provide regulated investment opportunities, Bitkraft received an investment advisor registration from the United States Securities and Exchange Commission in June 2021. Apart from equity investment, the token fund will also invest in cryptocurrencies and nonfungible tokens (NFT). ![]() The game incorporates elements of sub-genres such as survival games, sandbox games, role-playing games, city builders, and strategy games. The fund uses a “stage-agnostic” strategy, meaning that it will put money in companies and startups at any business development stage. BitCraft NFT Game BitCraft is a sandbox MMORPG which encourages many different play styles ranging from farming, hunting, and crafting to city-building and social strategy, rather than emphasizing combat alone. Samsung Electronics says its new smart TV will feature a built in NFT platform with buy and sell functions, and LG followed quickly, revealing that it definitely has plans to include NFT features to its OLED TVs. Esports, gaming and interactive media investment platform Bitkraft VC has established a $75-million token fund for investing in blockchain gaming and digital entertainment. NFTs are picking up steam in South Korea, with big announcements from electronics giants Samsung and LG.
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