Blockchain gaming is gaining momentum, between Axie Infinity’s surge, interest from major publishers like Ubisoft and Electronics Arts, and increasing hype around The Sandbox and other upcoming metaverse experiences. Now, a trio of prominent crypto industry players have pledged $100 million to help further the growth of crypto gaming.
Today, cryptocurrency exchange FTX, Solana Ventures, and VC firm Lightspeed Venture Partners announced a $100 million investment initiative, which will see the three partners co-invest in studios, projects, and technology in the crypto gaming space.
Today’s announcement doesn’t specifically state that all co-investments will focus on Solana projects, but Solana Ventures is exclusively focused on the Solana ecosystem, plus FTX has existing close ties to Solana (and Lightspeed is an FTX investor). As such, Solana is very likely to be the primary focus of this shared initiative.
Amy Wu, partner at Lightspeed, told Decrypt that the alliance reflects the
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