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a16z launches $600 million fund to invest in the gaming industry and the metaverse

May 20, 2022
in Gaming, Metaverse, News
a16z launches $600 million fund to invest in the gaming industry and the metaverse

a16z has announced the creation of a $600 million fund to develop the gaming industry, including Web3 games. With the emergence of new technologies, metaverses and non-fungible tokens (NFTs), the famous fund wants to bring a particular attention to this sector.

Building the future of gaming with Games Fund One

Venture capital firm a16z (Andreessen Horowitz) has announced the creation of a $600 million fund, Games Fund One.

The objective of this new fund is to invest in the video game sector, including those resulting from Web3. It should be noted that the gaming industry generated several billion dollars in 2021. In this sense, the fund’s release states:

“Games will continue to play a central role in how people socialize, play and work in the future, and the fund will invest in game studios, game experiences, its community and infrastructure. Over the long term, we believe that gaming infrastructure and technology will be key components of the metaverse, an opportunity that dwarfs the current $300 billion gaming industry.”

As such, the team plans to diversify its investment across industry tiers. Nevertheless, the industry needs special attention, especially with the arrival of emerging technologies.

Indeed, the breakthrough of Web3 combined with the various projects of metaverse and non-fungible tokens (NFTs) changes the vision of the future of video games.

A decade of experience in the video game industry

The company has a decade of experience in this sector and has supported companies such as Zynga and Oculus.

In addition to this, it has made investments in Riot Games, CCP, Epic Games, and Web3 games. The release also states:

“With GAMES FUND ONE, we will continue to add features and develop deeper networks tailored to the games ecosystem to help our portfolio companies in everything from building digital communities to managing their virtual economies, to best practices in IP licensing and building their development teams.”

As we can see, gaming is becoming an important theme for the renowned Andreessen Horowitz fund. With the emergence of various technologies, there is no doubt that this sector requires special attention and therefore a specific fund.

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