Three prominent crypto firms, Solana Ventures, FTX, and Lightspeed Venture Partners, have partnered to explore the booming blockchain gaming industry by pledging to invest $100 million in gaming startups.
The investment with start with Mini Royale and Faraway, a startup developing web browser-based games that run on the public blockchain platform Solana.
According to partner at Lightspeed Amy Wu, the trio has been having a roundtable about the potential partnership.
“We’ve been talking about potential partnerships to take that to the next stage, which is doing co-investments alongside them and also FTX,” she said.
Amy Wu added that the trio investors strongly believe in the Solana blockchain gaming platform, becoming the top choice for game developers.
“They are the number-one network right now in terms of most blockchain gaming devs building on top of Solana over other blockchains,” she said.
In the last 24 hours, bitcoin is been up by 5.66%, with a current price of $65,345.31 as at the time of writing this. Within 24 hours, bitcoin dropped to $61,780.13 low and $66,411.30 high. The trading volume of bitcoin in the last 24 hours is $1.32B. The current market capitalization of bitcoin is $1.23T. Currently, $18.84M bitcoins is in circulation.
Stats and Image from Coin Desk
The investment partnership aims to fund different areas of the Faraway crypto gaming projects such as studios, projects, and technology.