✅ Solana Ventures set up another 150 million USD fund to invest in blockchain games✔️

in crypto •  3 years ago 

🔹 According to a press release published on December 14, Solana Ventures will join Forte and Griffin Gaming Partners, to establish a $150 million investment fund, dedicated to game projects on the Solana blockchain. Forte is the blockchain game startup that shocked the crypto world in mid-November, with a funding deal of up to 725 million USD, with the participation of Griffin.

🔹 It is known that the new investment fund will be funded in USD instead of SOL tokens. A spokesperson for Solana Ventures revealed that they will actively invest their equity in game projects on Solana, and expect to use the full amount of 150 million USD within the next 18 months.

✔️ CONCLUSION:

This is the second game investment fund set up by Solana Ventures in just the past two months. On November 5, this fund, together with FTX and Lightspeed Ventures, invested 100 million USD in the Blockchain Game segment.

👉 These moves show that: Solana is eager to become the new focus of the blockchain game industry, taking advantage of strengths such as high transaction speed and low transaction fees to attract projects that intend to make games.

✅ This is good news for Solana (SOL), the SOL investment community. However, this is also information for reference, not investment advice.

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